Hindustan Motors Ambassador Car Loan EMI Calculator

₹ 8,741.
Here is how - Hindustan Motors Ambassador price starts from ₹ 4,83,190 in Mumbai. If you pay a down payment of ₹ 52,078 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,741.

The cheapest Ambassador model is Classic 1800 ISZ CNG which is priced at ₹ 4,83,190 in Mumbai. You will need to pay at least a ₹ 52,078 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 Ambassador.

Version	On-road price in Mumbai	Max Loan
Classic 1800 ISZ CNG	₹ 4,83,190	₹ 4,31,112
Classic 1800 ISZ MPFI AC	₹ 5,24,468	₹ 4,69,447
Classic 2000 DSZ AC PS	₹ 5,70,939	₹ 5,10,229
Classic 2000 DSZ	₹ 5,20,964	₹ 4,64,526
Classic 1800 ISZ MPFI	₹ 5,00,733	₹ 4,46,816
Classic 2000 DSZ AC	₹ 5,43,192	₹ 4,85,084
Classic 1800 ISZ MPFI AC PS	₹ 5,36,892	₹ 4,79,670
Classic 1800 ISZ AC CNG	₹ 5,24,877	₹ 4,68,343
Avigo 1800 ISZ MPFI	₹ 6,19,636	₹ 5,54,426
Avigo 2000 DSZ	₹ 6,74,601	₹ 6,04,113
Grand 1800 ISZ MPFI	₹ 5,46,109	₹ 4,87,765
Grand 1800 ISZ CNG	₹ 5,59,657	₹ 5,00,091
Grand 1800 ISZ MPFI PW CL	₹ 5,81,027	₹ 5,19,577
Grand 1800 ISZ MPFI PW CL CNG	₹ 5,96,373	₹ 5,32,545
Grand 2000 DSZ	₹ 6,82,012	₹ 6,09,113
Grand 2000 DSZ PW CL	₹ 7,32,919	₹ 6,55,113
Classic 1800 ISZ MPFI PS	₹ 5,17,035	₹ 4,61,715

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 Ambassador Classic 1800 ISZ CNG will be ₹ 7,531 but you will have to pay interest of ₹ 2,01,492 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 ₹ 15,141, but your interest payment will be only ₹ 1,13,964 over the 3 years period.

₹ 8,741
Hindustan Motors Ambassador price starts from ₹ 4,83,190 in Mumbai.

We have considered
Down-payement : ₹ 52,078
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,62,000

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 Ambassador starts from ₹ 4.83 Lakh, you can get a loan with an annual income as low as ₹ 1.62 lakh.

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

• 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.