Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 12,149.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,79,494 in Navi Mumbai. If you pay a down payment of ₹ 80,322 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,149.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,79,494 in Navi Mumbai. You will need to pay at least a ₹ 80,322 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 Navi Mumbai	Max Loan
Aqua Safire BS-IV	₹ 6,79,494	₹ 5,99,172
Aura Safire BS-IV	₹ 7,20,785	₹ 6,35,906
Aura ABS Safire BS-IV	₹ 7,59,770	₹ 6,70,590
Elan Safire BS-IV	₹ 8,47,556	₹ 7,48,690
Aqua Quadrajet BS-III	₹ 6,84,644	₹ 6,14,691
Aqua Quadrajet BS-IV	₹ 7,79,546	₹ 6,76,153
Aura Quadrajet BS-III	₹ 7,34,354	₹ 6,59,717
Aura Quadrajet BS-IV	₹ 8,31,892	₹ 7,21,909
Aura ABS Quadrajet BS-III	₹ 7,83,314	₹ 7,04,064
Aura ABS Quadrajet BS-IV	₹ 8,84,100	₹ 7,67,544
Elan Quadrajet BS-IV	₹ 9,63,521	₹ 8,34,344
Celebration Quadrajet	₹ 9,76,499	₹ 8,45,688
LS Quadrajet	₹ 7,54,503	₹ 6,48,404
LX Quadrajet	₹ 8,46,090	₹ 7,28,504
VX Quadrajet	₹ 9,25,926	₹ 7,98,326
EX Quadrajet	₹ 10,46,457	₹ 9,01,115
EXL Quadrajet	₹ 10,55,930	₹ 9,15,120
GLS	₹ 7,17,607	₹ 6,32,890
GLX	₹ 7,51,538	₹ 6,57,308
GVX	₹ 7,98,061	₹ 6,98,720
GEX	₹ 8,68,622	₹ 7,61,529

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 ₹ 10,591 but you will have to pay interest of ₹ 2,90,472 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 ₹ 21,293, but your interest payment will be only ₹ 1,67,376 over the 3 years period.

₹ 12,149
Tata Manza [2011-2015] price starts from ₹ 6,79,494 in Navi Mumbai.

We have considered
Down-payement : ₹ 80,322
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 ₹ 2,27,000

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 ₹ 6.79 Lakh, you can get a loan with an annual income as low as ₹ 2.27 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.