Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,536.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,82,491 in Bangalore. If you pay a down payment of ₹ 1,13,545 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,536.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,82,491 in Bangalore. You will need to pay at least a ₹ 1,13,545 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 Bangalore	Max Loan
Aqua Safire BS-IV	₹ 6,82,491	₹ 5,68,946
Aura Safire BS-IV	₹ 7,24,995	₹ 6,04,694
Aura ABS Safire BS-IV	₹ 7,65,134	₹ 6,38,452
Elan Safire BS-IV	₹ 8,55,616	₹ 7,14,551
Aqua Quadrajet BS-III	₹ 7,02,178	₹ 5,85,504
Aqua Quadrajet BS-IV	₹ 7,75,956	₹ 6,47,555
Aura Quadrajet BS-III	₹ 7,54,041	₹ 6,29,123
Aura Quadrajet BS-IV	₹ 8,28,892	₹ 6,92,075
Aura ABS Quadrajet BS-III	₹ 8,05,123	₹ 6,72,085
Aura ABS Quadrajet BS-IV	₹ 8,81,710	₹ 7,36,497
Elan Quadrajet BS-IV	₹ 9,62,015	₹ 8,01,514
Celebration Quadrajet	₹ 9,75,127	₹ 8,12,542
LS Quadrajet	₹ 7,42,755	₹ 6,13,329
LX Quadrajet	₹ 8,34,656	₹ 6,90,518
VX Quadrajet	₹ 9,14,646	₹ 7,57,702
EX Quadrajet	₹ 10,35,485	₹ 8,56,677
EXL Quadrajet	₹ 10,55,381	₹ 8,80,038
GLS	₹ 7,14,269	₹ 5,94,862
GLX	₹ 7,48,662	₹ 6,18,291
GVX	₹ 7,96,137	₹ 6,58,165
GEX	₹ 9,13,752	₹ 7,56,952

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 ₹ 10,637 but you will have to pay interest of ₹ 3,24,562 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 ₹ 21,387, but your interest payment will be only ₹ 2,00,986 over the 3 years period.

₹ 11,536
Tata Manza [2011-2015] price starts from ₹ 6,82,491 in Bangalore.

We have considered
Down-payement : ₹ 1,13,545
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 ₹ 2,28,000

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 ₹ 6.82 Lakh, you can get a loan with an annual income as low as ₹ 2.28 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.