Tata Winger [2011-2016] Car Loan EMI Calculator

₹ 14,604.
Here is how - Tata Winger [2011-2016] price starts from ₹ 8,21,625 in Delhi. If you pay a down payment of ₹ 1,01,361 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,604.

The cheapest Winger [2011-2016] model is Platinum BS-III which is priced at ₹ 8,21,625 in Delhi. You will need to pay at least a ₹ 1,01,361 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 Winger [2011-2016].

Version	On-road price in Delhi	Max Loan
Platinum BS-IV	₹ 8,62,212	₹ 7,56,368
Platinum BS-III	₹ 8,21,625	₹ 7,20,264

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 Winger [2011-2016] Platinum BS-III will be ₹ 12,806 but you will have to pay interest of ₹ 3,55,440 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 ₹ 25,747, but your interest payment will be only ₹ 2,06,628 over the 3 years period.

₹ 14,604
Tata Winger [2011-2016] price starts from ₹ 8,21,625 in Delhi.

We have considered
Down-payement : ₹ 1,01,361
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Winger [2011-2016] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,74,000

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 Winger [2011-2016] starts from ₹ 8.22 Lakh, you can get a loan with an annual income as low as ₹ 2.74 lakh.

Here are the most important things you should consider while getting a car loan for a new Winger [2011-2016]

• 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.