Tata Safari [1998-2005] Car Loan EMI Calculator

₹ 18,151.
Here is how - Tata Safari [1998-2005] price starts from ₹ 9,55,891 in Ludhiana. If you pay a down payment of ₹ 60,730 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,151.

The cheapest Safari [1998-2005] model is 4x2 EXi BS-III which is priced at ₹ 9,55,891 in Ludhiana. You will need to pay at least a ₹ 60,730 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 Safari [1998-2005].

Version	On-road price in Ludhiana	Max Loan
4x2 EXi BS-III	₹ 9,55,891	₹ 8,95,161
4x2 VXi BS-III	₹ 10,41,472	₹ 10,09,731
4x4 EXi BS-III	₹ 10,47,312	₹ 9,81,763
4x4 VXi BS-III	₹ 11,37,568	₹ 11,03,160

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 Safari [1998-2005] 4x2 EXi BS-III will be ₹ 14,899 but you will have to pay interest of ₹ 3,56,355 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 ₹ 29,954, but your interest payment will be only ₹ 1,83,183 over the 3 years period.

₹ 18,151
Tata Safari [1998-2005] price starts from ₹ 9,55,891 in Ludhiana.

We have considered
Down-payement : ₹ 60,730
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Safari [1998-2005] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,19,000

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 Safari [1998-2005] starts from ₹ 9.56 Lakh, you can get a loan with an annual income as low as ₹ 3.19 lakh.

Here are the most important things you should consider while getting a car loan for a new Safari [1998-2005]

• 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.