Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,574.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,23,656 in Delhi. If you pay a down payment of ₹ 52,826 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,574.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,23,656 in Delhi. You will need to pay at least a ₹ 52,826 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 Delhi	Max Loan
Aqua Safire BS-IV	₹ 6,23,656	₹ 5,70,830
Aura Safire BS-IV	₹ 6,74,654	₹ 6,06,977
Aura ABS Safire BS-IV	₹ 7,12,047	₹ 6,41,126
Elan Safire BS-IV	₹ 7,95,433	₹ 7,17,277
Aqua Quadrajet BS-III	₹ 6,45,055	₹ 5,90,737
Aqua Quadrajet BS-IV	₹ 7,38,895	₹ 6,49,337
Aura Quadrajet BS-III	₹ 7,11,051	₹ 6,34,422
Aura Quadrajet BS-IV	₹ 7,88,725	₹ 6,93,729
Aura ABS Quadrajet BS-III	₹ 7,58,671	₹ 6,77,518
Aura ABS Quadrajet BS-IV	₹ 8,38,517	₹ 7,38,086
Elan Quadrajet BS-IV	₹ 9,14,493	₹ 8,03,099
Celebration Quadrajet	₹ 9,26,657	₹ 8,13,935
LS Quadrajet	₹ 7,06,445	₹ 6,16,294
LX Quadrajet	₹ 7,92,361	₹ 6,92,785
VX Quadrajet	₹ 8,67,303	₹ 7,59,507
EX Quadrajet	₹ 9,77,801	₹ 8,57,884
EXL Quadrajet	₹ 10,01,097	₹ 8,80,251
GLS	₹ 6,58,714	₹ 5,96,879
GLX	₹ 7,03,211	₹ 6,20,922
GVX	₹ 7,47,623	₹ 6,61,081
GEX	₹ 8,56,492	₹ 7,59,524

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 ₹ 9,720 but you will have to pay interest of ₹ 2,45,650 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 ₹ 19,543, but your interest payment will be only ₹ 1,32,718 over the 3 years period.

₹ 11,574
Tata Manza [2011-2015] price starts from ₹ 6,23,656 in Delhi.

We have considered
Down-payement : ₹ 52,826
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 ₹ 2,08,000

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 ₹ 6.24 Lakh, you can get a loan with an annual income as low as ₹ 2.08 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.