Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,493.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,49,349 in Chennai. If you pay a down payment of ₹ 82,534 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,493.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,49,349 in Chennai. You will need to pay at least a ₹ 82,534 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 Chennai	Max Loan
Aqua Safire BS-IV	₹ 6,49,349	₹ 5,66,815
Aura Safire BS-IV	₹ 6,89,924	₹ 6,02,564
Aura ABS Safire BS-IV	₹ 7,28,239	₹ 6,36,322
Elan Safire BS-IV	₹ 8,14,612	₹ 7,12,421
Aqua Quadrajet BS-III	₹ 6,70,677	₹ 5,85,606
Aqua Quadrajet BS-IV	₹ 7,38,085	₹ 6,44,996
Aura Quadrajet BS-III	₹ 7,20,403	₹ 6,29,417
Aura Quadrajet BS-IV	₹ 7,88,616	₹ 6,89,517
Aura ABS Quadrajet BS-III	₹ 7,69,378	₹ 6,72,567
Aura ABS Quadrajet BS-IV	₹ 8,39,035	₹ 7,33,939
Elan Quadrajet BS-IV	₹ 9,12,829	₹ 7,98,955
Celebration Quadrajet	₹ 9,28,346	₹ 8,09,984
LS Quadrajet	₹ 7,05,839	₹ 6,10,302
LX Quadrajet	₹ 7,93,527	₹ 6,87,491
VX Quadrajet	₹ 8,69,850	₹ 7,54,675
EX Quadrajet	₹ 9,85,287	₹ 8,53,650
EXL Quadrajet	₹ 10,04,954	₹ 8,77,479
GLS	₹ 6,78,847	₹ 5,92,263
GLX	₹ 7,11,962	₹ 6,15,692
GVX	₹ 7,57,262	₹ 6,55,567
GEX	₹ 8,69,484	₹ 7,54,353

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 ₹ 10,121 but you will have to pay interest of ₹ 2,83,349 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 ₹ 20,348, but your interest payment will be only ₹ 1,65,713 over the 3 years period.

₹ 11,493
Tata Manza [2011-2015] price starts from ₹ 6,49,349 in Chennai.

We have considered
Down-payement : ₹ 82,534
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 ₹ 2,17,000

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 ₹ 6.49 Lakh, you can get a loan with an annual income as low as ₹ 2.17 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.