If I want loan means how much downpayment ?
By: jeeva on 14 may 2015
Hello Jeeva !!
Honda Mobilo MPV price ranges from 6,75Lac onwards. For getting vehicle loan generally 50 percent of ex showrrom price must be doanpayment and remaining can be covered under loan with EMI. The minimum downpayment varies depending upon customer profile and job profile. If you are a central governament employee, you can get loan with basic downpayment. If private employee then the policy of the loan provider bank for corporates will be taken into account. As a general rule a downpayment of around 4 Lac would be good enough to get remaining under loan.
To get a loan to buy Honda Mobilio, generally one needs to pay around fifty percent of the total cost (Ex Showroom price). And with the price starting from Rs.6.75 lakhs, it would be around Rs.3.40 lakhs (approx) and the rest payable through EMIs. However, to be eligible for such a scheme, one needs to submit his/her income proof and tax returns.