Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,751.
Here is how - Tata Manza [2011-2015] price starts from ₹ 5,79,558 in Duliajan. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,751.

Here is a model wise list of max loan amount for Manza [2011-2015].

Version	On-road price in Duliajan	Max Loan
LS Quadrajet	₹ 6,94,042	₹ 6,40,278
LX Quadrajet	₹ 7,76,987	₹ 7,17,467
VX Quadrajet	₹ 8,49,179	₹ 7,84,651
EX Quadrajet	₹ 9,58,534	₹ 8,83,626
GLS	₹ 6,75,778	₹ 6,23,281
GLX	₹ 7,00,953	₹ 6,46,710
GVX	₹ 7,43,801	₹ 6,86,585
GEX	₹ 8,49,954	₹ 7,85,372

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 ₹ 9,033 but you will have to pay interest of ₹ 1,79,214 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 ₹ 18,161, but your interest payment will be only ₹ 74,238 over the 3 years period.

₹ 11,751
Tata Manza [2011-2015] price starts from ₹ 5,79,558 in Duliajan.

We have considered
Down-payement : ₹ 0
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 ₹ 1,94,000

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 ₹ 5.80 Lakh, you can get a loan with an annual income as low as ₹ 1.94 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.