Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 12,073.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,63,393 in Bhilai. If you pay a down payment of ₹ 67,951 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,073.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,63,393 in Bhilai. You will need to pay at least a ₹ 67,951 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 Bhilai	Max Loan
Aqua Safire BS-IV	₹ 6,63,393	₹ 5,95,442
Aura Safire BS-IV	₹ 7,03,069	₹ 6,31,379
Aura ABS Safire BS-IV	₹ 7,40,533	₹ 6,65,314
Elan Safire BS-IV	₹ 8,24,961	₹ 7,41,787
Aqua Quadrajet BS-III	₹ 6,39,703	₹ 6,12,841
Aqua Quadrajet BS-IV	₹ 7,49,000	₹ 6,72,983
Aura Quadrajet BS-III	₹ 6,85,246	₹ 6,56,885
Aura Quadrajet BS-IV	₹ 7,98,414	₹ 7,17,741
Aura ABS Quadrajet BS-III	₹ 7,30,102	₹ 7,00,265
Aura ABS Quadrajet BS-IV	₹ 8,47,713	₹ 7,62,394
Elan Quadrajet BS-IV	₹ 9,22,868	₹ 8,27,751
Celebration Quadrajet	₹ 9,35,113	₹ 8,38,842
LS Quadrajet	₹ 7,13,604	₹ 6,40,598
LX Quadrajet	₹ 7,99,297	₹ 7,18,179
VX Quadrajet	₹ 8,73,913	₹ 7,85,732
EX Quadrajet	₹ 9,86,816	₹ 8,85,232
EXL Quadrajet	₹ 10,10,046	₹ 9,06,715
GLS	₹ 6,94,681	₹ 6,23,466
GLX	₹ 7,20,723	₹ 6,47,043
GVX	₹ 7,65,000	₹ 6,87,129
GEX	₹ 8,74,669	₹ 7,86,417

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 ₹ 10,340 but you will have to pay interest of ₹ 2,73,118 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 ₹ 20,788, but your interest payment will be only ₹ 1,52,926 over the 3 years period.

₹ 12,073
Tata Manza [2011-2015] price starts from ₹ 6,63,393 in Bhilai.

We have considered
Down-payement : ₹ 67,951
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.