Honda Elevate EMI Calculator

Updated on October 2026

Honda Elevate EMI starts at ₹22,404 per month for the SV petrol (₹11.90 Lakh ex-showroom, ₹14.04 Lakh on-road Mumbai), on a ₹10.42 Lakh loan at 10.5% for 60 months. Down payment: ₹3.62 Lakh. Total interest: ₹3.02 Lakh. The top ZX Plus Black CVT costs ₹34,897/month.

Also see: Elevate On-road price | Elevate Variants | Elevate Mileage

Honda Elevate SV EMI & Down Payment

Ex-showroom

: Rs. 11,89,800

On-road price

: Rs. 14,03,873 (Mumbai)

Loan amount

: Rs. 10,42,354 (On-road - Down payment)

Down payment

: Rs. 3,61,519 (On-road - Loan amount)

Monthly EMI

: Rs. 22,404 (For Tenure of 60 months @ 10.5%; banks start from 8.7%)

Insurance

: Rs. 56,543

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Honda Elevate Car Loan EMI Calculator

On-road price (Mumbai): Rs. 14,03,873
Down payment: Rs. 3,61,519
Loan amount: Rs. 10,42,354
Interest rate: 10.5%
Tenure: 60 months
Monthly EMI: Rs. 22,404
Total interest: Rs. 3,01,886
Total payable: Rs. 13,44,240

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less

Honda Elevate Car Loan Interest Rates – Bank Comparison

Lending Partners	Interest Rate	EMI Starting From (60 Months)
HDFC Bank	8.85% onwards	Rs. 21,562 (60 months)
ICICI Bank	9% onwards	Rs. 21,638 (60 months)
Axis Bank	9.15% onwards	Rs. 21,714 (60 months)
Bank of Baroda	8.7% onwards	Rs. 21,486 (60 months)

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Honda Elevate EMI by Loan Tenure

For a Rs. 10,42,354 loan on the SV petrol at 10.5%.

Tenure	EMI	Total Interest	Total Payable
36 months	Rs. 33,879	Rs. 1,77,290	Rs. 12,19,644
48 months	Rs. 26,688	Rs. 2,38,670	Rs. 12,81,024
60 months	Rs. 22,404	Rs. 3,01,886	Rs. 13,44,240
84 months	Rs. 17,575	Rs. 4,33,946	Rs. 14,76,300

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Honda Elevate

4.5 1 user reviews

Starts at ₹ 11.90 Lakh

View October Offers

Honda Elevate Variant-wise EMI & Down Payment

Elevate Variants	Fuel/Transmission	Ex-showroom	Loan @10.5%	Down Payment	EMI (60 months)
SV	Petrol / Manual	Rs. 11,89,800	Rs. 10,42,354	Rs. 3,61,519	Rs. 22,404
V	Petrol / Manual	Rs. 12,38,800	Rs. 10,85,506	Rs. 3,75,657	Rs. 23,332
V CVT	Petrol / Automatic	Rs. 13,88,800	Rs. 12,17,604	Rs. 4,18,939	Rs. 26,171
VX	Petrol / Manual	Rs. 14,02,800	Rs. 12,29,934	Rs. 4,22,979	Rs. 26,436
ZX	Petrol / Manual	Rs. 15,48,800	Rs. 13,58,509	Rs. 4,65,107	Rs. 29,200
VX CVT	Petrol / Automatic	Rs. 15,48,800	Rs. 13,58,509	Rs. 4,65,107	Rs. 29,200
ZX Plus	Petrol / Manual	Rs. 16,89,800	Rs. 14,82,682	Rs. 5,05,792	Rs. 31,869
ZX CVT	Petrol / Automatic	Rs. 16,98,800	Rs. 14,90,608	Rs. 5,08,388	Rs. 32,039
ZX Plus Black	Petrol / Manual	Rs. 16,99,800	Rs. 14,91,488	Rs. 5,08,678	Rs. 32,058
ZX Plus CVT	Petrol / Automatic	Rs. 18,39,800	Rs. 16,14,780	Rs. 5,49,074	Rs. 34,708
ZX Plus Black CVT	Petrol / Automatic	Rs. 18,49,800	Rs. 16,23,587	Rs. 5,51,959	Rs. 34,897

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EMI of Honda Elevate Rivals – Taigun, Hyryder, Brezza

Volkswagen Taigun
Rs. 11.00 Lakh
Taigun EMI Compare with Elevate
Toyota Hyryder
Rs. 11.31 Lakh
Hyryder EMI Compare with Elevate
Maruti Suzuki Brezza
Rs. 7.50 Lakh
Brezza EMI Compare with Elevate
Nissan Tekton
Rs. 10.49 Lakh
Tekton EMI Compare with Elevate
Hyundai Creta
Rs. 10.91 Lakh
Creta EMI Compare with Elevate

Honda Elevate EMI – Frequently Asked Questions

What is the starting EMI of the Honda Elevate?

The Honda Elevate EMI starts at ₹22,404 per month for the SV petrol on a ₹10.42 Lakh loan at 10.5% for 60 months. Its on-road price in Mumbai is ₹14.04 Lakh.

What is the minimum down payment for the Honda Elevate?

About ₹3.62 Lakh for the SV petrol in Mumbai: the on-road price of ₹14.04 Lakh minus a ₹10.42 Lakh loan.

How much total interest will I pay on a Honda Elevate loan?

On a ₹10.42 Lakh loan at 10.5% for 60 months you pay ₹3.02 Lakh in interest, or ₹13.44 Lakh in total.

What is the Honda Elevate EMI for a 3-year versus a 7-year tenure?

For a ₹10.42 Lakh loan at 10.5%, the EMI is ₹33,879 per month over 3 years (₹1.77 Lakh interest) and ₹17,575 per month over 7 years (₹4.34 Lakh interest).

Which bank has the lowest interest rate for a Honda Elevate loan?

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹21,486 per month on a ₹10.42 Lakh loan for 60 months.

What is the EMI of the top Honda Elevate variant?

The ZX Plus Black CVT costs ₹34,897 per month on a ₹16.24 Lakh loan at 10.5% for 60 months.

How is the Honda Elevate down payment calculated?

Down payment is the on-road price minus the loan amount. ZigWheels finances 90% of the ex-showroom price, less the processing fee and one EMI paid in advance, so the down payment covers the rest of the ex-showroom price plus insurance, registration and other on-road charges.

Ask or read owner questions on Honda Elevate Q&A

Honda Elevate

4.5 1 user reviews

Starts at Rs. 11.90 Lakh

Images | Colours

Honda Elevate 2026 Brochure

Download brochure for detailed information of specifications, features & variants prices

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