Nissan Evalia [2014-2016] Car Loan EMI Calculator

₹ 19,306.
Here is how - Nissan Evalia [2014-2016] price starts from ₹ 10,62,535 in Bhopal. If you pay a down payment of ₹ 1,10,376 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,306.

The cheapest Evalia [2014-2016] model is XE which is priced at ₹ 10,62,535 in Bhopal. You will need to pay at least a ₹ 1,10,376 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 Bhopal	Max Loan
XV	₹ 13,02,039	₹ 11,68,961
XE	₹ 10,62,535	₹ 9,52,159
XE +	₹ 11,24,441	₹ 10,08,197
XL	₹ 12,20,755	₹ 10,95,381
XL (O)	₹ 12,50,996	₹ 11,22,756
XV (O)	₹ 13,32,278	₹ 11,96,334
SV	₹ 14,17,664	₹ 12,73,626

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 ₹ 16,561 but you will have to pay interest of ₹ 4,38,965 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 ₹ 33,296, but your interest payment will be only ₹ 2,46,497 over the 3 years period.

₹ 19,306
Nissan Evalia [2014-2016] price starts from ₹ 10,62,535 in Bhopal.

We have considered
Down-payement : ₹ 1,10,376
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 ₹ 3,55,000

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 ₹ 10.63 Lakh, you can get a loan with an annual income as low as ₹ 3.55 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.