Know 2023 Honda City facelift loan EMI on Rs 1.3 lakh down payment: Details explained


The 2023 Honda City and City Hybrid facelift were launched in the Indian market recently, bringing along some visual enhancements as well as some new features too. One of the top-selling sedans in the segment, the City is now available with a sole 1.5-litre petrol engine that makes 121 PS power, while the City e:HEV gets the same 1.5-litre petrol-hybrid engine as before.
Planning to buy the new Honda City and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the sedan, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

Variant On-road price
Tenure Interest rate Down payment EMI
SV Rs 13.25 lakh 5 years 10% Rs 1.30 lakh Rs 25,398
V Rs 14.25 lakh 5 years 10% Rs 1.42 lakh Rs 27,254
VX Rs 15.51 lakh 5 years 10% Rs 1.55 lakh Rs 29,666
V CVT Rs 15.66 lakh 5 years 10% Rs 1.57 lakh Rs 29,935
ZX Rs 16.90 lakh 5 years 10% Rs 1.69 lakh Rs 32,320
VX CVT Rs 16.92 lakh 5 years 10% Rs 1.69 lakh Rs 32,368
ZX CVT Rs 18.31 lakh 5 years 10% Rs 1.83 lakh Rs 35,022

2023 Honda City & City e:HEV Review | Most Advanced sedan in the segment? | TOI Auto

To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 10% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your equated monthly installment (EMI) respectively.
Honda Cars India currently retails the City in India at a starting price of Rs 11.49 lakh for the entry-level SV variant, going all the way up to Rs 15.97 lakh (both prices, ex-showroom) for the range-topping ZX CVT model. However, the on-road (Delhi) price of the Honda sedan currently ranges between Rs 13.25 lakh and Rs 18.31 lakh.

For example, let’s assume you decide on purchasing the top-end ZX CVT variant of the Honda City facelift, which currently has an ex-showroom price of Rs 15.97 lakh. If you pay Rs 1.83 lakh as down payment out of the Rs 18.31 lakh on-road (Delhi) price, you would end up paying Rs 35,022 as EMI for a period of 60 months (5 years) against a total loan amount of Rs 16.48 lakh. At the end of the tenure, you would have paid Rs 21.01 lakh for the sedan over and above the down payment.
Do let us know in the comments down below if you would like to know the EMI for any other car, motorcycle or scooter of your choice.

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