Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,787.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,37,091 in Kolkata. If you pay a down payment of ₹ 55,760 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,787.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,37,091 in Kolkata. You will need to pay at least a ₹ 55,760 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 Kolkata	Max Loan
Aqua Safire BS-IV	₹ 6,37,091	₹ 5,81,331
Aura Safire BS-IV	₹ 6,74,123	₹ 6,17,110
Aura ABS Safire BS-IV	₹ 7,09,091	₹ 6,50,896
Elan Safire BS-IV	₹ 7,87,895	₹ 7,27,034
Aqua Quadrajet BS-III	₹ 6,45,947	₹ 5,89,887
Aqua Quadrajet BS-IV	₹ 7,16,995	₹ 6,58,532
Aura Quadrajet BS-III	₹ 6,90,895	₹ 6,33,315
Aura Quadrajet BS-IV	₹ 7,63,116	₹ 7,03,093
Aura ABS Quadrajet BS-III	₹ 7,35,166	₹ 6,76,089
Aura ABS Quadrajet BS-IV	₹ 8,09,129	₹ 7,47,550
Elan Quadrajet BS-IV	₹ 8,79,478	₹ 8,12,621
Celebration Quadrajet	₹ 8,90,906	₹ 8,23,663
LS Quadrajet	₹ 7,03,024	₹ 6,34,091
LX Quadrajet	₹ 7,88,507	₹ 7,12,006
VX Quadrajet	₹ 8,62,502	₹ 7,79,856
EX Quadrajet	₹ 9,74,488	₹ 8,79,792
EXL Quadrajet	₹ 9,77,409	₹ 8,91,238
GLS	₹ 6,84,765	₹ 6,16,878
GLX	₹ 7,10,591	₹ 6,40,559
GVX	₹ 7,54,499	₹ 6,80,821
GEX	₹ 8,63,252	₹ 7,80,544

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 ₹ 9,930 but you will have to pay interest of ₹ 2,52,789 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 ₹ 19,964, but your interest payment will be only ₹ 1,37,373 over the 3 years period.

₹ 11,787
Tata Manza [2011-2015] price starts from ₹ 6,37,091 in Kolkata.

We have considered
Down-payement : ₹ 55,760
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 ₹ 2,13,000

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 ₹ 6.37 Lakh, you can get a loan with an annual income as low as ₹ 2.13 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.