Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,457.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,58,627 in Hyderabad. If you pay a down payment of ₹ 93,594 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,457.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,58,627 in Hyderabad. You will need to pay at least a ₹ 93,594 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 Hyderabad	Max Loan
Aqua Safire BS-IV	₹ 6,58,627	₹ 5,65,033
Aura Safire BS-IV	₹ 6,99,917	₹ 6,00,782
Aura ABS Safire BS-IV	₹ 7,38,907	₹ 6,34,539
Elan Safire BS-IV	₹ 8,26,802	₹ 7,10,638
Aqua Quadrajet BS-III	₹ 6,81,906	₹ 5,85,188
Aqua Quadrajet BS-IV	₹ 7,50,610	₹ 6,44,671
Aura Quadrajet BS-III	₹ 7,32,507	₹ 6,28,998
Aura Quadrajet BS-IV	₹ 8,02,030	₹ 6,89,191
Aura ABS Quadrajet BS-III	₹ 7,82,346	₹ 6,72,149
Aura ABS Quadrajet BS-IV	₹ 8,53,338	₹ 7,33,613
Elan Quadrajet BS-IV	₹ 9,28,433	₹ 7,98,630
Celebration Quadrajet	₹ 9,44,171	₹ 8,09,659
LS Quadrajet	₹ 7,15,279	₹ 6,11,426
LX Quadrajet	₹ 8,04,475	₹ 6,88,615
VX Quadrajet	₹ 8,82,110	₹ 7,55,799
EX Quadrajet	₹ 9,96,481	₹ 8,54,774
EXL Quadrajet	₹ 10,22,128	₹ 8,77,154
GLS	₹ 6,96,499	₹ 5,91,900
GLX	₹ 7,23,572	₹ 6,15,329
GVX	₹ 7,69,650	₹ 6,55,204
GEX	₹ 8,83,804	₹ 7,53,991

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 ₹ 10,266 but you will have to pay interest of ₹ 2,97,311 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 ₹ 20,639, but your interest payment will be only ₹ 1,77,971 over the 3 years period.

₹ 11,457
Tata Manza [2011-2015] price starts from ₹ 6,58,627 in Hyderabad.

We have considered
Down-payement : ₹ 93,594
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 ₹ 2,20,000

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 ₹ 6.59 Lakh, you can get a loan with an annual income as low as ₹ 2.20 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.