Tata Indigo CS [2008-2011] Car Loan EMI Calculator

₹ 7,760.
Here is how - Tata Indigo CS [2008-2011] price starts from ₹ 4,28,336 in Chennai. If you pay a down payment of ₹ 45,638 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,760.

The cheapest Indigo CS [2008-2011] model is GLE which is priced at ₹ 4,28,336 in Chennai. You will need to pay at least a ₹ 45,638 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 CS [2008-2011].

Version	On-road price in Chennai	Max Loan
GLE	₹ 4,28,336	₹ 3,82,698
GLS	₹ 4,65,097	₹ 4,08,485
LE TDI	₹ 5,03,225	₹ 4,42,263
LS TDI	₹ 5,59,273	₹ 4,91,916
LS DiCOR	₹ 5,40,880	₹ 4,84,201
GLX	₹ 4,90,427	₹ 4,30,925
LX DiCOR	₹ 5,61,360	₹ 5,02,672
LX TDI	₹ 5,92,678	₹ 5,21,510

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 CS [2008-2011] GLE will be ₹ 6,676 but you will have to pay interest of ₹ 1,78,086 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 ₹ 13,422, but your interest payment will be only ₹ 1,00,494 over the 3 years period.

₹ 7,760
Tata Indigo CS [2008-2011] price starts from ₹ 4,28,336 in Chennai.

We have considered
Down-payement : ₹ 45,638
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indigo CS [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,43,000

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 CS [2008-2011] starts from ₹ 4.28 Lakh, you can get a loan with an annual income as low as ₹ 1.43 lakh.

Here are the most important things you should consider while getting a car loan for a new Indigo CS [2008-2011]

• 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.