Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,817.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,39,618 in Ahmedabad. If you pay a down payment of ₹ 56,819 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,817.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,39,618 in Ahmedabad. You will need to pay at least a ₹ 56,819 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 Ahmedabad	Max Loan
Aqua Safire BS-IV	₹ 6,39,618	₹ 5,82,799
Aura Safire BS-IV	₹ 6,78,652	₹ 6,18,704
Aura ABS Safire BS-IV	₹ 7,15,513	₹ 6,52,609
Elan Safire BS-IV	₹ 7,98,608	₹ 7,29,040
Aqua Quadrajet BS-III	₹ 6,60,252	₹ 6,01,779
Aqua Quadrajet BS-IV	₹ 7,25,452	₹ 6,61,751
Aura Quadrajet BS-III	₹ 7,08,089	₹ 6,45,780
Aura Quadrajet BS-IV	₹ 7,74,066	₹ 7,06,466
Aura ABS Quadrajet BS-III	₹ 7,55,207	₹ 6,89,120
Aura ABS Quadrajet BS-IV	₹ 8,22,572	₹ 7,51,082
Elan Quadrajet BS-IV	₹ 8,96,564	₹ 8,16,382
Celebration Quadrajet	₹ 9,08,607	₹ 8,27,459
LS Quadrajet	₹ 7,03,123	₹ 6,27,847
LX Quadrajet	₹ 7,88,743	₹ 7,05,374
VX Quadrajet	₹ 8,72,002	₹ 7,72,852
EX Quadrajet	₹ 9,73,139	₹ 8,72,260
EXL Quadrajet	₹ 9,82,308	₹ 8,95,250
GLS	₹ 6,74,771	₹ 6,09,293
GLX	₹ 7,00,368	₹ 6,32,825
GVX	₹ 7,43,929	₹ 6,72,873
GEX	₹ 8,51,853	₹ 7,72,092

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 ₹ 9,969 but you will have to pay interest of ₹ 2,54,597 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 ₹ 20,043, but your interest payment will be only ₹ 1,38,749 over the 3 years period.

₹ 11,817
Tata Manza [2011-2015] price starts from ₹ 6,39,618 in Ahmedabad.

We have considered
Down-payement : ₹ 56,819
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 ₹ 2,14,000

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 ₹ 6.40 Lakh, you can get a loan with an annual income as low as ₹ 2.14 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.