Fiat Linea [2008-2011] Car Loan EMI Calculator

₹ 13,475.
Here is how - Fiat Linea [2008-2011] price starts from ₹ 7,88,893 in Bangalore. If you pay a down payment of ₹ 1,24,310 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,475.

The cheapest Linea [2008-2011] model is Dynamic Pk 1.4 which is priced at ₹ 7,88,893 in Bangalore. You will need to pay at least a ₹ 1,24,310 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 Linea [2008-2011].

Version	On-road price in Bangalore	Max Loan
Active 1.4	₹ 8,43,349	₹ 7,04,234
Dynamic 1.4	₹ 9,65,234	₹ 8,04,221
Dynamic Pk 1.4	₹ 7,88,893	₹ 6,64,583
Emotion 1.4	₹ 9,01,712	₹ 7,53,320
Emotion Pk 1.4	₹ 9,39,070	₹ 7,84,739
Active 1.3 MJD	₹ 9,05,326	₹ 7,56,360
Dynamic 1.3 MJD	₹ 9,41,481	₹ 7,86,767
Dynamic Pk 1.3 MJD	₹ 8,93,755	₹ 7,53,599
Emotion 1.3 MJD	₹ 9,99,917	₹ 8,33,391
Emotion Pk 1.3 MJD	₹ 10,67,406	₹ 8,90,152
T-Jet	₹ 10,77,997	₹ 8,99,059
T-Jet Plus	₹ 11,39,494	₹ 9,50,781

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 Linea [2008-2011] Dynamic Pk 1.4 will be ₹ 12,296 but you will have to pay interest of ₹ 3,68,281 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 ₹ 24,721, but your interest payment will be only ₹ 2,25,373 over the 3 years period.

₹ 13,475
Fiat Linea [2008-2011] price starts from ₹ 7,88,893 in Bangalore.

We have considered
Down-payement : ₹ 1,24,310
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Linea [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,63,000

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 Linea [2008-2011] starts from ₹ 7.89 Lakh, you can get a loan with an annual income as low as ₹ 2.63 lakh.

Here are the most important things you should consider while getting a car loan for a new Linea [2008-2011]

• 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.