Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,906.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,42,509 in Jodhpur. If you pay a down payment of ₹ 55,346 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,906.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,42,509 in Jodhpur. You will need to pay at least a ₹ 55,346 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 Jodhpur	Max Loan
Aqua Safire BS-IV	₹ 6,42,509	₹ 5,87,163
Aura Safire BS-IV	₹ 7,00,123	₹ 6,23,068
Aura ABS Safire BS-IV	₹ 7,37,895	₹ 6,56,973
Elan Safire BS-IV	₹ 8,23,040	₹ 7,33,404
Aqua Quadrajet BS-III	₹ 6,79,636	₹ 6,04,678
Aqua Quadrajet BS-IV	₹ 7,46,433	₹ 6,64,638
Aura Quadrajet BS-III	₹ 7,28,655	₹ 6,48,680
Aura Quadrajet BS-IV	₹ 7,96,247	₹ 7,09,353
Aura ABS Quadrajet BS-III	₹ 7,76,937	₹ 6,92,019
Aura ABS Quadrajet BS-IV	₹ 8,45,951	₹ 7,53,969
Elan Quadrajet BS-IV	₹ 9,21,697	₹ 8,19,269
Celebration Quadrajet	₹ 9,34,037	₹ 8,30,346
LS Quadrajet	₹ 7,05,604	₹ 6,27,673
LX Quadrajet	₹ 7,95,897	₹ 7,08,685
VX Quadrajet	₹ 8,71,104	₹ 7,76,162
EX Quadrajet	₹ 9,84,899	₹ 8,75,569
EXL Quadrajet	₹ 10,09,557	₹ 8,98,137
GLS	₹ 6,90,462	₹ 6,14,087
GLX	₹ 7,16,690	₹ 6,37,619
GVX	₹ 7,61,326	₹ 6,77,668
GEX	₹ 8,71,911	₹ 7,76,886

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 ₹ 10,014 but you will have to pay interest of ₹ 2,54,013 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 ₹ 20,134, but your interest payment will be only ₹ 1,37,661 over the 3 years period.

₹ 11,906
Tata Manza [2011-2015] price starts from ₹ 6,42,509 in Jodhpur.

We have considered
Down-payement : ₹ 55,346
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 ₹ 2,15,000

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 ₹ 6.43 Lakh, you can get a loan with an annual income as low as ₹ 2.15 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.