Nissan Evalia [2014-2016] Car Loan EMI Calculator

₹ 19,334.
Here is how - Nissan Evalia [2014-2016] price starts from ₹ 11,08,415 in Mumbai. If you pay a down payment of ₹ 1,54,909 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,334.

The cheapest Evalia [2014-2016] model is XE which is priced at ₹ 11,08,415 in Mumbai. You will need to pay at least a ₹ 1,54,909 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 Evalia [2014-2016].

Version	On-road price in Mumbai	Max Loan
XV	₹ 13,68,720	₹ 11,70,615
XE	₹ 11,08,415	₹ 9,53,506
XE +	₹ 11,82,769	₹ 10,09,624
XL	₹ 12,83,612	₹ 10,96,931
XL (O)	₹ 13,15,275	₹ 11,24,344
XV (O)	₹ 14,00,381	₹ 11,98,026
SV	₹ 14,89,782	₹ 12,75,427

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 Evalia [2014-2016] XE will be ₹ 17,276 but you will have to pay interest of ₹ 4,97,678 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 ₹ 34,734, but your interest payment will be only ₹ 2,96,918 over the 3 years period.

₹ 19,334
Nissan Evalia [2014-2016] price starts from ₹ 11,08,415 in Mumbai.

We have considered
Down-payement : ₹ 1,54,909
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Evalia [2014-2016] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,70,000

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 Evalia [2014-2016] starts from ₹ 11.08 Lakh, you can get a loan with an annual income as low as ₹ 3.70 lakh.

Here are the most important things you should consider while getting a car loan for a new Evalia [2014-2016]

• 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.