Tata Indigo [2005-2009] Car Loan EMI Calculator

₹ 7,855.
Here is how - Tata Indigo [2005-2009] price starts from ₹ 4,45,358 in Bangalore. If you pay a down payment of ₹ 57,984 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,855.

The cheapest Indigo [2005-2009] model is GV BS-III which is priced at ₹ 4,45,358 in Bangalore. You will need to pay at least a ₹ 57,984 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 Indigo [2005-2009].

Version	On-road price in Bangalore	Max Loan
LS TDI BS-III	₹ 6,14,402	₹ 5,17,138
LX TDI BS-III	₹ 6,86,527	₹ 5,73,014
GVE BS-III	₹ 4,63,179	₹ 4,03,033
GVS BS-III	₹ 5,01,604	₹ 4,36,797
VE BS-III	₹ 5,17,633	₹ 4,50,882
VS BS-III	₹ 5,43,030	₹ 4,73,198
LX DiCOR BS-III	₹ 6,93,657	₹ 5,84,417
V BS-III	₹ 4,97,010	₹ 4,32,760
GV BS-III	₹ 4,45,358	₹ 3,87,374
LS DiCOR BS-III	₹ 6,35,929	₹ 5,35,412

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 Indigo [2005-2009] GV BS-III will be ₹ 6,941 but you will have to pay interest of ₹ 1,95,670 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 ₹ 13,956, but your interest payment will be only ₹ 1,15,042 over the 3 years period.

₹ 7,855
Tata Indigo [2005-2009] price starts from ₹ 4,45,358 in Bangalore.

We have considered
Down-payement : ₹ 57,984
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indigo [2005-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,49,000

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 Indigo [2005-2009] starts from ₹ 4.45 Lakh, you can get a loan with an annual income as low as ₹ 1.49 lakh.

Here are the most important things you should consider while getting a car loan for a new Indigo [2005-2009]

• 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.