Chevrolet Beat Car Loan EMI Calculator

₹ 8,112.
Here is how - Chevrolet Beat price starts from ₹ 4,56,548 in Parbhani. If you pay a down payment of ₹ 56,466 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,112.

The cheapest Beat model is PS Petrol which is priced at ₹ 4,56,548 in Parbhani. You will need to pay at least a ₹ 56,466 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Beat.

Version	On-road price in Parbhani	Max Loan
PS Petrol	₹ 4,56,548	₹ 4,00,082
LS Petrol	₹ 4,93,375	₹ 4,32,803
LT Petrol	₹ 5,56,308	₹ 4,88,724
PS Diesel	₹ 5,79,753	₹ 5,00,284
LS Diesel	₹ 6,19,608	₹ 5,35,127
LT Diesel	₹ 6,55,104	₹ 5,66,155
LTZ Petrol	₹ 5,64,020	₹ 4,94,790
LTZ Diesel	₹ 7,50,483	₹ 6,49,437

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Beat PS Petrol will be ₹ 7,116 but you will have to pay interest of ₹ 1,97,662 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 14,307, but your interest payment will be only ₹ 1,14,970 over the 3 years period.

₹ 8,112
Chevrolet Beat price starts from ₹ 4,56,548 in Parbhani.

We have considered
Down-payement : ₹ 56,466
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Beat with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,53,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Beat starts from ₹ 4.57 Lakh, you can get a loan with an annual income as low as ₹ 1.53 lakh.

Here are the most important things you should consider while getting a car loan for a new Beat

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.