Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,709.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,32,512 in Durgapur. If you pay a down payment of ₹ 55,058 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,709.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,32,512 in Durgapur. You will need to pay at least a ₹ 55,058 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 Durgapur	Max Loan
Aqua Safire BS-IV	₹ 6,32,512	₹ 5,77,454
Aura Safire BS-IV	₹ 6,69,509	₹ 6,13,234
Aura ABS Safire BS-IV	₹ 7,04,445	₹ 6,47,020
Elan Safire BS-IV	₹ 7,83,174	₹ 7,23,158
Aqua Quadrajet BS-III	₹ 6,48,203	₹ 5,92,629
Aqua Quadrajet BS-IV	₹ 7,18,180	₹ 6,60,303
Aura Quadrajet BS-III	₹ 6,93,109	₹ 6,36,057
Aura Quadrajet BS-IV	₹ 7,64,257	₹ 7,04,864
Aura ABS Quadrajet BS-III	₹ 7,37,338	₹ 6,78,831
Aura ABS Quadrajet BS-IV	₹ 8,10,228	₹ 7,49,322
Elan Quadrajet BS-IV	₹ 8,80,512	₹ 8,14,392
Celebration Quadrajet	₹ 8,91,930	₹ 8,25,434
LS Quadrajet	₹ 6,95,852	₹ 6,33,124
LX Quadrajet	₹ 7,80,750	₹ 7,11,044
VX Quadrajet	₹ 8,54,676	₹ 7,78,894
EX Quadrajet	₹ 9,66,563	₹ 8,78,830
EXL Quadrajet	₹ 9,61,804	₹ 8,93,009
GLS	₹ 6,70,895	₹ 6,10,219
GLX	₹ 6,96,697	₹ 6,33,900
GVX	₹ 7,40,565	₹ 6,74,162
GEX	₹ 8,49,219	₹ 7,73,885

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 ₹ 9,858 but you will have to pay interest of ₹ 2,50,618 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 ₹ 19,821, but your interest payment will be only ₹ 1,36,102 over the 3 years period.

₹ 11,709
Tata Manza [2011-2015] price starts from ₹ 6,32,512 in Durgapur.

We have considered
Down-payement : ₹ 55,058
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 ₹ 2,11,000

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 ₹ 6.33 Lakh, you can get a loan with an annual income as low as ₹ 2.11 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.