Tata Sumo Victa [2004-2011] Car Loan EMI Calculator

₹ 10,039.
Here is how - Tata Sumo Victa [2004-2011] price starts from ₹ 4,95,098 in Bangalore. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,039.

Here is a model wise list of max loan amount for Sumo Victa [2004-2011].

Version	On-road price in Bangalore	Max Loan
DI LX	₹ 7,36,054	₹ 6,11,949
EX	₹ 7,74,393	₹ 6,44,148
DI GX	₹ 8,18,070	₹ 6,80,831
GX TC 7 STR	₹ 8,09,630	₹ 6,73,743
GX TC 8 STR	₹ 7,49,671	₹ 6,29,199
LX	₹ 6,87,159	₹ 5,70,885
DI CX	₹ 6,95,045	₹ 5,77,508
DI EX	₹ 7,77,057	₹ 6,46,386
CX	₹ 6,90,078	₹ 5,94,088

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 Sumo Victa [2004-2011] CX 10 STR will be ₹ 7,717 but you will have to pay interest of ₹ 1,53,130 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 ₹ 15,515, but your interest payment will be only ₹ 63,442 over the 3 years period.

₹ 10,039
Tata Sumo Victa [2004-2011] price starts from ₹ 4,95,098 in Bangalore.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Sumo Victa [2004-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,66,000

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 Sumo Victa [2004-2011] starts from ₹ 4.95 Lakh, you can get a loan with an annual income as low as ₹ 1.66 lakh.

Here are the most important things you should consider while getting a car loan for a new Sumo Victa [2004-2011]

• 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.