Honda Elevate Base Variant EMI: Pay ₹18,430/Month with ₹2 Lakh Down Payment

Honda is one of the top car manufacturers in the country, and it has a range of good cars. Honda Elevate is a mid-size SUV available for purchase in India. If you want to purchase the base variant of Honda Elevate, what will be your EMI if you pay a down payment of ₹2,00,000?

The base variant of Honda Elevate is called SV. The ex-showroom price of this mid-size SUV is ₹11.60 lakhs. The ex-showroom price includes registration tax and RTO charges for buyers in Delhi. The RTO charges will amount to ₹1.25 lakhs, and the insurance will cost ₹43,000. TCS will be ₹11,598. The on-road price of the vehicle in Delhi comes to ₹13.45 lakh.

If you purchase the base variant of the Honda Elevate SUV, bank financing will be provided at the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you'll need to finance an amount of approximately ₹11.45 lakh from the bank. If you are given a loan of Rs 11.45 lakh from the bank for seven years at a nine percent interest rate, then you will have to pay an EMI of only Rs 18,430 per month for the next seven years.