Tata Indigo Marina [2004-2010] Car Loan EMI Calculator

₹ 8,574.
Here is how - Tata Indigo Marina [2004-2010] price starts from ₹ 4,22,867 in Kanpur. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,574.

Here is a model wise list of max loan amount for Indigo Marina [2004-2010].

Version	On-road price in Kanpur	Max Loan
LS BS-III	₹ 5,80,443	₹ 5,42,417
LX BS-III	₹ 6,78,532	₹ 6,35,039
GLS BS-III	₹ 5,31,192	₹ 4,97,327
GLX BS-III	₹ 5,52,584	₹ 5,16,110
LX Dicor BS-III	₹ 6,77,689	₹ 6,34,243
SX BS-III	₹ 6,72,950	₹ 6,33,794
GSX BS-III	₹ 6,19,006	₹ 5,82,532

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 Indigo Marina [2004-2010] GLE BS-II will be ₹ 6,591 but you will have to pay interest of ₹ 1,30,777 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 ₹ 13,251, but your interest payment will be only ₹ 54,169 over the 3 years period.

₹ 8,574
Tata Indigo Marina [2004-2010] price starts from ₹ 4,22,867 in Kanpur.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indigo Marina [2004-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,41,000

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 Indigo Marina [2004-2010] starts from ₹ 4.23 Lakh, you can get a loan with an annual income as low as ₹ 1.41 lakh.

Here are the most important things you should consider while getting a car loan for a new Indigo Marina [2004-2010]

• 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.