Honda City [2011-2014] Car Loan EMI Calculator

₹ 15,242.
Here is how - Honda City [2011-2014] price starts from ₹ 9,02,363 in Bangalore. If you pay a down payment of ₹ 1,50,642 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,242.

The cheapest City [2011-2014] model is 1.5 Corporate MT which is priced at ₹ 9,02,363 in Bangalore. You will need to pay at least a ₹ 1,50,642 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for City [2011-2014].

Version	On-road price in Bangalore	Max Loan
1.5 Corporate MT	₹ 9,02,363	₹ 7,51,721
1.5 E MT	₹ 9,85,995	₹ 8,21,976
1.5 S MT	₹ 10,61,865	₹ 8,85,711
1.5 V MT	₹ 11,26,429	₹ 9,39,947
1.5 V AT	₹ 12,37,673	₹ 10,05,276
1.5 V MT Sunroof	₹ 12,49,963	₹ 10,15,320
1.5 V AT Sunroof	₹ 13,42,143	₹ 10,90,649
1.5 S AT	₹ 11,39,586	₹ 9,51,000
V MT AVN	₹ 12,39,782	₹ 10,07,000
V AT (AVN)	₹ 13,20,893	₹ 10,74,776

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for City [2011-2014] 1.5 Corporate MT will be ₹ 14,064 but you will have to pay interest of ₹ 4,29,655 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 28,277, but your interest payment will be only ₹ 2,66,251 over the 3 years period.

₹ 15,242
Honda City [2011-2014] price starts from ₹ 9,02,363 in Bangalore.

We have considered
Down-payement : ₹ 1,50,642
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy City [2011-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,01,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of City [2011-2014] starts from ₹ 9.02 Lakh, you can get a loan with an annual income as low as ₹ 3.01 lakh.

Here are the most important things you should consider while getting a car loan for a new City [2011-2014]

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.