Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,923.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,49,309 in Varanasi. If you pay a down payment of ₹ 61,298 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,923.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,49,309 in Varanasi. You will need to pay at least a ₹ 61,298 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 Varanasi	Max Loan
Aqua Safire BS-IV	₹ 6,49,309	₹ 5,88,011
Aura Safire BS-IV	₹ 6,88,420	₹ 6,23,760
Aura ABS Safire BS-IV	₹ 7,25,350	₹ 6,57,517
Elan Safire BS-IV	₹ 8,08,605	₹ 7,33,617
Aqua Quadrajet BS-III	₹ 6,68,505	₹ 6,05,558
Aqua Quadrajet BS-IV	₹ 7,33,701	₹ 6,65,150
Aura Quadrajet BS-III	₹ 7,16,436	₹ 6,49,369
Aura Quadrajet BS-IV	₹ 7,82,407	₹ 7,09,670
Aura ABS Quadrajet BS-III	₹ 7,63,643	₹ 6,92,519
Aura ABS Quadrajet BS-IV	₹ 8,31,006	₹ 7,54,092
Elan Quadrajet BS-IV	₹ 9,05,134	₹ 8,19,108
Celebration Quadrajet	₹ 9,17,201	₹ 8,30,137
LS Quadrajet	₹ 7,07,491	₹ 6,29,366
LX Quadrajet	₹ 7,93,523	₹ 7,06,555
VX Quadrajet	₹ 8,68,402	₹ 7,73,738
EX Quadrajet	₹ 9,81,716	₹ 8,72,713
EXL Quadrajet	₹ 9,91,043	₹ 8,97,633
GLS	₹ 6,88,515	₹ 6,12,340
GLX	₹ 7,14,660	₹ 6,35,798
GVX	₹ 7,59,102	₹ 6,75,672
GEX	₹ 8,69,206	₹ 7,74,459

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 ₹ 10,120 but you will have to pay interest of ₹ 2,62,069 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 ₹ 20,347, but your interest payment will be only ₹ 1,44,481 over the 3 years period.

₹ 11,923
Tata Manza [2011-2015] price starts from ₹ 6,49,309 in Varanasi.

We have considered
Down-payement : ₹ 61,298
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 ₹ 2,17,000

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 ₹ 6.49 Lakh, you can get a loan with an annual income as low as ₹ 2.17 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.