Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,467.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,77,907 in Bijapur. If you pay a down payment of ₹ 1,12,349 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,467.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,77,907 in Bijapur. You will need to pay at least a ₹ 1,12,349 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 Bijapur	Max Loan
Aqua Safire BS-IV	₹ 6,77,907	₹ 5,65,558
Aura Safire BS-IV	₹ 7,20,377	₹ 6,01,306
Aura ABS Safire BS-IV	₹ 7,60,482	₹ 6,35,064
Elan Safire BS-IV	₹ 8,50,889	₹ 7,11,163
Aqua Quadrajet BS-III	₹ 6,96,697	₹ 5,81,374
Aqua Quadrajet BS-IV	₹ 7,70,422	₹ 6,43,431
Aura Quadrajet BS-III	₹ 7,48,518	₹ 6,24,993
Aura Quadrajet BS-IV	₹ 8,23,313	₹ 6,87,951
Aura ABS Quadrajet BS-III	₹ 7,99,558	₹ 6,67,956
Aura ABS Quadrajet BS-IV	₹ 8,76,089	₹ 7,32,374
Elan Quadrajet BS-IV	₹ 9,53,329	₹ 7,97,390
Celebration Quadrajet	₹ 9,69,433	₹ 8,08,419
LS Quadrajet	₹ 7,32,735	₹ 6,10,701
LX Quadrajet	₹ 8,24,586	₹ 6,87,890
VX Quadrajet	₹ 9,04,532	₹ 7,55,074
EX Quadrajet	₹ 10,25,309	₹ 8,54,049
EXL Quadrajet	₹ 10,49,618	₹ 8,75,914
GLS	₹ 7,11,634	₹ 5,92,969
GLX	₹ 7,39,514	₹ 6,16,398
GVX	₹ 7,86,964	₹ 6,56,273
GEX	₹ 9,04,515	₹ 7,55,059

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 ₹ 10,566 but you will have to pay interest of ₹ 3,21,986 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 ₹ 21,243, but your interest payment will be only ₹ 1,99,190 over the 3 years period.

₹ 11,467
Tata Manza [2011-2015] price starts from ₹ 6,77,907 in Bijapur.

We have considered
Down-payement : ₹ 1,12,349
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 ₹ 2,26,000

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 ₹ 6.78 Lakh, you can get a loan with an annual income as low as ₹ 2.26 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.