Honda has long been synonymous with refined engineering, fuel efficiency, and long-term reliability in India's competitive car market. The brand consistently attracts buyers in cities like Pune, Chennai, Delhi, and Bengaluru who prioritise build quality and a polished ownership experience over flashy specifications. Under Rs. 20 lakh, Honda India's lineup is focused but strong — the Amaze compact sedan, the Elevate compact SUV, and the City premium sedan each address different segments with Honda's characteristic engineering precision, smooth VTEC engines, and well-crafted cabins. Whether you are a first-time buyer or a family upgrading to a larger Honda, there is a compelling option within this price range.
A car loan from Bajaj Finance can simplify your Honda purchase. With competitive interest rates, minimal documentation, and flexible EMI options, your new Honda is well within reach.
Want to avoid delays in your purchase? Check your pre-approved new car loan offer and move closer to owning your new car.
List of the best Honda cars under Rs. 20 lakh
| Model name | Ex-showroom price (starting at)* |
| Honda Amaze | Rs. 7,48,000 |
| Honda Elevate | Rs. 11,60,000 |
| Honda City | Rs. 11,95,000 |
*Prices are ex-showroom, Delhi. Prices may vary by city, variant, and dealer.
Planning to buy one of these cars but unsure about your financing range? Check your new car loan eligibility and find out how much you can borrow before making your decision.
Let us explore each of these cars and see what makes them stand out. We will also see how you can finance them with a new car loan from Bajaj Finance.
Honda Amaze
The Honda Amaze is a compact and fuel-efficient sedan ideal for first-time buyers and urban professionals. Its 1.2-litre i-VTEC petrol engine delivers 18.6 kmpl in the manual variant. The Amaze offers a comfortable cabin, well-designed interior, and Honda's trusted reliability at a competitive price.
Honda Elevate
The Honda Elevate is Honda's first compact SUV in India, delivering the brand's engineering quality to the fast-growing SUV segment. It offers a spacious cabin, a smooth 1.5-litre petrol engine, and around 15.95 kmpl fuel efficiency. Honda's after-sales reliability and service reach add strong long-term ownership value.
Honda City
The Honda City is one of India's most beloved premium sedans. Its refined 1.5-litre VTEC engine, smooth CVT automatic option, and upmarket interior continue to attract loyal buyers. The City offers commanding segment presence, premium features, and a trusted ownership experience year after year.
Planning to buy one of these cars but unsure if it fits your monthly budget? Check your new car loan eligibility and understand your financing options clearly before booking.
Why choose Bajaj Mall for your car purchase
Bajaj Mall is a smart destination for Honda car buyers. Browse all available Honda models and variants, compare features across the Amaze, Elevate, and City, and view current pricing — all through a single, transparent platform. The buying process is streamlined so you spend less time researching and more time driving.
The Bajaj Finserv New Car Loan supports your Honda purchase with:
- Up to 100% on-road price funding
- Attractive car loan interest rates
- Flexible repayment tenure options
- Minimal documentation and quick approval
The car loan EMI calculator lets you preview your monthly commitment so your finances are well-planned before booking.
Ready to move ahead? Check your pre-approved new car loan offer and bring home your new car with ease.
