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Honda City: Take this car downpayment of 1 lakh rupees, know how much EMI will have to be paid along with interest

Honda City 4th Generation: This car gives a mileage of 17.4 kmpl. In this, you get power windows front, anti-lock braking system, air conditioner, 510 liters boot space, 40 liter fuel tank, air condition and power steering.


Honda City 4th Generation: Many people want to have a car of their own. Many times people are unable to fulfill their desire due to lack of money. In such a situation, car companies provide the car on downpayment instead of paying the lump sum amount to the customers. The customer has to pay only a part of the total cost of the car as a downpayment and after that the rest has to be paid as a loan.

If you are planning to buy a sedan car, then you can name Honda City 4th Generation SV MT (Petrol) after a downpayment of Rs 1 lakh 3 thousand. The total price of this car is Rs 10,33,207 (On Road Price, Delhi).

After the down payment, you have to take a total loan of Rs 9,30,207 for five years. An interest rate of 9.8% will be applicable on this loan amount. During this time you will have to pay a total of Rs 11,80,380 of which Rs 2,50,173 will be interest. During this time you will have to pay an EMI of Rs 19,673 every month.

On the other hand, if you want the burden of EMI to be lighter, then you can get a loan finance for 7 years as well. During this time you will have to pay a total of Rs 12,89,148 of which Rs 3,58,941 will be interest. During this time you will have to pay EMI of Rs 15,347 every month.


In this car, you will get a 1497 cc engine, which is capable of generating 117.6 bhp power. This car that comes with a manual transmission gives a mileage of 17.4 kmpl. In this, you get power windows front, anti-lock braking system, air conditioner, 510 liters boot space, 40 liter fuel tank, air condition and power steering.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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