Chevrolet Enjoy Car Loan EMI Calculator

₹ 13,221.
Here is how - Chevrolet Enjoy price starts from ₹ 6,80,845 in Itanagar. If you pay a down payment of ₹ 28,818 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,221.

The cheapest Enjoy model is 1.4 LS 8 STR which is priced at ₹ 6,80,845 in Itanagar. You will need to pay at least a ₹ 28,818 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 Itanagar	Max Loan
1.3 LTZ 7 STR	₹ 6,87,458	₹ 6,58,399
1.4 LS 8 STR	₹ 6,80,845	₹ 6,52,027
1.4 LT 7 STR	₹ 7,47,619	₹ 7,16,602
1.4 LTZ 7 STR	₹ 8,43,430	₹ 8,04,690
1.3 LS 8 STR	₹ 5,69,813	₹ 5,44,726
1.3 LT 7 STR	₹ 6,30,989	₹ 6,03,836
1.4 LS 7 STR	₹ 6,83,664	₹ 6,54,753
1.3 LS 7 STR	₹ 5,69,813	₹ 5,44,726
1.4 LT 8 STR	₹ 7,44,799	₹ 7,13,874
1.4 LTZ 8 STR	₹ 8,40,608	₹ 8,01,963
1.3 LT 8 STR	₹ 6,30,989	₹ 6,03,836
1.3 LTZ 8 STR	₹ 6,87,458	₹ 6,58,399

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 ₹ 10,612 but you will have to pay interest of ₹ 2,39,381 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 ₹ 21,335, but your interest payment will be only ₹ 1,16,033 over the 3 years period.

₹ 13,221
Chevrolet Enjoy price starts from ₹ 6,80,845 in Itanagar.

We have considered
Down-payement : ₹ 28,818
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 ₹ 2,27,000

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 ₹ 6.81 Lakh, you can get a loan with an annual income as low as ₹ 2.27 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.