Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,575.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,53,362 in Nagercoil. If you pay a down payment of ₹ 82,517 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,575.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,53,362 in Nagercoil. You will need to pay at least a ₹ 82,517 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 Manza [2011-2015].

Version	On-road price in Nagercoil	Max Loan
Aqua Safire BS-IV	₹ 6,53,362	₹ 5,70,845
Aura Safire BS-IV	₹ 6,93,901	₹ 6,06,593
Aura ABS Safire BS-IV	₹ 7,32,184	₹ 6,40,351
Elan Safire BS-IV	₹ 8,18,482	₹ 7,16,450
Aqua Quadrajet BS-III	₹ 6,73,507	₹ 5,88,608
Aqua Quadrajet BS-IV	₹ 7,40,839	₹ 6,47,983
Aura Quadrajet BS-III	₹ 7,23,189	₹ 6,32,419
Aura Quadrajet BS-IV	₹ 7,91,326	₹ 6,92,503
Aura ABS Quadrajet BS-III	₹ 7,72,122	₹ 6,75,569
Aura ABS Quadrajet BS-IV	₹ 8,41,701	₹ 7,36,925
Elan Quadrajet BS-IV	₹ 9,18,432	₹ 8,01,942
Celebration Quadrajet	₹ 9,30,939	₹ 8,12,971
LS Quadrajet	₹ 7,02,378	₹ 6,13,765
LX Quadrajet	₹ 7,89,953	₹ 6,90,954
VX Quadrajet	₹ 8,66,178	₹ 7,58,138
EX Quadrajet	₹ 9,81,471	₹ 8,57,113
EXL Quadrajet	₹ 10,07,481	₹ 8,80,466
GLS	₹ 6,83,094	₹ 5,96,768
GLX	₹ 7,09,676	₹ 6,20,197
GVX	₹ 7,54,916	₹ 6,60,072
GEX	₹ 8,66,996	₹ 7,58,859

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 Manza [2011-2015] Aqua Safire BS-IV will be ₹ 10,183 but you will have to pay interest of ₹ 2,84,527 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 ₹ 20,474, but your interest payment will be only ₹ 1,66,219 over the 3 years period.

₹ 11,575
Tata Manza [2011-2015] price starts from ₹ 6,53,362 in Nagercoil.

We have considered
Down-payement : ₹ 82,517
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Manza [2011-2015] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,18,000

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 Manza [2011-2015] starts from ₹ 6.53 Lakh, you can get a loan with an annual income as low as ₹ 2.18 lakh.

Here are the most important things you should consider while getting a car loan for a new Manza [2011-2015]

• 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.