New Honda Amaze Loan EMI On Rs 1.80 Lakh Down Payment: Details Explained

Honda recently launched the third-gen Amaze in India, bringing in an all-new design, new features, first-in-class ADAS Level 2 safety tech while retaining the 1.2L, four-cylinder NA petrol engine and 5MT & CVT gearboxes. The new Amaze continues to face competition from Hyundai Aura, Tata Tigor, as well as the new Maruti Suzuki Dzire.

Planning to purchase the new Honda Amaze and wondering how much EMI you would have to pay? Here's a table showing the variant-wise on-road (Delhi) price of the sub-4m sedan, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, rate of interest (ROI) and down payment.

Variant	On-road price (Delhi)	Tenure	Interest rate	Down payment	EMI
V MT	Rs 8.98 lakh	5 years	10%	Rs 1.80 lakh	Rs 15,257
V CVT	Rs 10.31 lakh	5 years	10%	Rs 2.10 lakh	Rs 17,442
VX MT	Rs 10.07 lakh	5 years	10%	Rs 2 lakh	Rs 17,151
VX CVT	Rs 10.98 lakh	5 years	10%	Rs 2.20 lakh	Rs 18,654
ZX MT	Rs 10.86 lakh	5 years	10%	Rs 2.20 lakh	Rs 18,405
ZX CVT	Rs 12.63 lakh	5 years	10%	Rs 2.50 lakh	Rs 21,516

Also read: New Honda Amaze Vs New Maruti Dzire Vs Hyundai Aura Vs Tata Tigor: Price, Specs, Features Compared

To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 20% of the total value as down payment and an estimated 10% bank interest rate. Do note that the buyer is free to choose the tenure, while the ROI varies from one bank to another. Moreover, you can also choose to pay a higher or lower down payment initially, which will decrease or increase your equated monthly installment (EMI) respectively.

The 2025 Honda Amaze is priced from Rs 8 lakh for the entry-level V MT variant to Rs 10.90 lakh (both prices, ex-showroom) for the top-end ZX CVT. However, the estimated on-road (Delhi) prices of the sub-4m sedan range from Rs 8.98 lakh to Rs 12.63 lakh.

Also Read: Best Luxury Cars in India under 30 Lakhs

Let's assume you plan on buying the top-end manual (ZX MT) variant of the new Amaze, which has a starting price of Rs 9.70 lakh (ex-showroom). If you pay Rs 2.20 lakh as down payment out of the Rs 10.86 lakh estimated on-road (Delhi) price, you will end up paying an EMI of about Rs 18,405 for a period of 60 months/5 years against a loan amount of Rs 8.66 lakh. At the end of the tenure, you would have paid about Rs 11.04 lakh for the sedan over and above the down payment made at the time of purchase.

Also Read: Upcoming Cars in India 2025