Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 12,223.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,59,460 in Angul. If you pay a down payment of ₹ 56,660 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,223.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,59,460 in Angul. You will need to pay at least a ₹ 56,660 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 Angul	Max Loan
Aqua Safire BS-IV	₹ 6,59,460	₹ 6,02,800
Aura Safire BS-IV	₹ 6,98,617	₹ 6,38,922
Aura ABS Safire BS-IV	₹ 7,35,593	₹ 6,73,031
Elan Safire BS-IV	₹ 8,18,891	₹ 7,49,872
Aqua Quadrajet BS-III	₹ 6,79,978	₹ 6,21,728
Aqua Quadrajet BS-IV	₹ 7,45,558	₹ 6,82,224
Aura Quadrajet BS-III	₹ 7,27,972	₹ 6,66,001
Aura Quadrajet BS-IV	₹ 7,94,330	₹ 7,27,215
Aura ABS Quadrajet BS-III	₹ 7,75,243	₹ 7,09,608
Aura ABS Quadrajet BS-IV	₹ 8,42,981	₹ 7,72,095
Elan Quadrajet BS-IV	₹ 9,17,193	₹ 8,37,788
Celebration Quadrajet	₹ 9,29,281	₹ 8,48,939
LS Quadrajet	₹ 7,10,937	₹ 6,49,952
LX Quadrajet	₹ 7,95,496	₹ 7,27,918
VX Quadrajet	₹ 8,69,157	₹ 7,95,836
EX Quadrajet	₹ 9,80,630	₹ 8,95,852
EXL Quadrajet	₹ 10,03,259	₹ 9,17,183
GLS	₹ 6,90,599	₹ 6,31,200
GLX	₹ 7,16,328	₹ 6,54,923
GVX	₹ 7,60,031	₹ 6,95,218
GEX	₹ 8,68,248	₹ 7,94,998

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 ₹ 10,278 but you will have to pay interest of ₹ 2,60,552 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 ₹ 20,665, but your interest payment will be only ₹ 1,41,140 over the 3 years period.

₹ 12,223
Tata Manza [2011-2015] price starts from ₹ 6,59,460 in Angul.

We have considered
Down-payement : ₹ 56,660
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 ₹ 2,20,000

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 ₹ 6.59 Lakh, you can get a loan with an annual income as low as ₹ 2.20 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.