Chevrolet Enjoy Car Loan EMI Calculator

₹ 10,705.
Here is how - Chevrolet Enjoy price starts from ₹ 6,16,634 in Mumbai. If you pay a down payment of ₹ 88,668 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,705.

The cheapest Enjoy model is 1.4 LS 8 STR which is priced at ₹ 6,16,634 in Mumbai. You will need to pay at least a ₹ 88,668 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 Enjoy.

Version	On-road price in Mumbai	Max Loan
1.3 LTZ 7 STR	₹ 8,48,662	₹ 7,21,036
1.4 LS 8 STR	₹ 6,16,634	₹ 5,27,966
1.4 LT 7 STR	₹ 6,94,280	₹ 5,96,931
1.4 LTZ 7 STR	₹ 7,65,951	₹ 6,60,590
1.3 LS 8 STR	₹ 7,34,996	₹ 6,22,076
1.3 LT 7 STR	₹ 7,91,828	₹ 6,71,555
1.4 LS 7 STR	₹ 6,16,519	₹ 5,27,966
1.3 LS 7 STR	₹ 7,34,996	₹ 6,22,076
1.4 LT 8 STR	₹ 6,94,165	₹ 5,96,931
1.4 LTZ 8 STR	₹ 7,65,836	₹ 6,60,590
1.3 LT 8 STR	₹ 7,91,828	₹ 6,71,555
1.3 LTZ 8 STR	₹ 8,48,662	₹ 7,21,036

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 Enjoy 1.4 LS 8 STR will be ₹ 9,611 but you will have to pay interest of ₹ 2,79,358 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 ₹ 19,323, but your interest payment will be only ₹ 1,67,662 over the 3 years period.

₹ 10,705
Chevrolet Enjoy price starts from ₹ 6,16,634 in Mumbai.

We have considered
Down-payement : ₹ 88,668
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Enjoy with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,06,000

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 Enjoy starts from ₹ 6.17 Lakh, you can get a loan with an annual income as low as ₹ 2.06 lakh.

Here are the most important things you should consider while getting a car loan for a new Enjoy

• 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.