Honda City eHEV Costs ₹28,888/Month with ₹5 Lakh Down Payment: Full Loan Breakdown

Honda Cars, one of the country's leading automakers, sells vehicles in several segments in the Indian market. The manufacturer offers the Honda City as a mid-size sedan. If you want to buy the eHEV variant of this mid-size sedan after making a down payment of Rs 5 lakh, what will the monthly EMI be?

Honda is providing the Honda City with the option of an eHEV model. The ex-showroom price of the car is ₹19.90 lakh. If you purchase the car in Delhi, the RTO charges will be around ₹2.10 lakh. The insurance will be around ₹60,000. The TCS charges will be around ₹25,000. The total amount will be around ₹22.95 lakh.

If you select the hybrid option, the bank will fund the ex-showroom price of the car. After deducting the down payment of ₹5 lakh, the amount that the bank will fund is around ₹17.95 lakh. If the bank gives you ₹17.95 lakh for seven years at 9% interest, you will have to pay an EMI of ₹28,888 per month for the next seven years.