Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,547.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,63,194 in Guntur. If you pay a down payment of ₹ 93,723 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,547.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,63,194 in Guntur. You will need to pay at least a ₹ 93,723 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 Manza [2011-2015].

Version	On-road price in Guntur	Max Loan
Aqua Safire BS-IV	₹ 6,63,194	₹ 5,69,471
Aura Safire BS-IV	₹ 7,04,449	₹ 6,05,220
Aura ABS Safire BS-IV	₹ 7,43,405	₹ 6,38,977
Elan Safire BS-IV	₹ 8,31,226	₹ 7,15,076
Aqua Quadrajet BS-III	₹ 6,85,266	₹ 5,88,597
Aqua Quadrajet BS-IV	₹ 7,53,911	₹ 6,48,080
Aura Quadrajet BS-III	₹ 7,35,824	₹ 6,32,407
Aura Quadrajet BS-IV	₹ 8,05,288	₹ 6,92,600
Aura ABS Quadrajet BS-III	₹ 7,85,621	₹ 6,75,558
Aura ABS Quadrajet BS-IV	₹ 8,56,552	₹ 7,37,022
Elan Quadrajet BS-IV	₹ 9,34,584	₹ 8,02,039
Celebration Quadrajet	₹ 9,47,311	₹ 8,13,068
LS Quadrajet	₹ 7,15,547	₹ 6,14,538
LX Quadrajet	₹ 8,04,665	₹ 6,91,727
VX Quadrajet	₹ 8,82,233	₹ 7,58,911
EX Quadrajet	₹ 9,99,505	₹ 8,57,886
EXL Quadrajet	₹ 10,25,202	₹ 8,80,563
GLS	₹ 6,94,223	₹ 5,96,070
GLX	₹ 7,21,274	₹ 6,19,499
GVX	₹ 7,67,312	₹ 6,59,374
GEX	₹ 8,81,367	₹ 7,58,161

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 Manza [2011-2015] Aqua Safire BS-IV will be ₹ 10,337 but you will have to pay interest of ₹ 2,98,837 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 ₹ 20,782, but your interest payment will be only ₹ 1,78,681 over the 3 years period.

₹ 11,547
Tata Manza [2011-2015] price starts from ₹ 6,63,194 in Guntur.

We have considered
Down-payement : ₹ 93,723
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Manza [2011-2015] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,22,000

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 Manza [2011-2015] starts from ₹ 6.63 Lakh, you can get a loan with an annual income as low as ₹ 2.22 lakh.

Here are the most important things you should consider while getting a car loan for a new Manza [2011-2015]

• 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.