Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,469.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,47,448 in Erode. If you pay a down payment of ₹ 81,819 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,469.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,47,448 in Erode. You will need to pay at least a ₹ 81,819 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 Erode	Max Loan
Aqua Safire BS-IV	₹ 6,47,448	₹ 5,65,629
Aura Safire BS-IV	₹ 6,87,988	₹ 6,01,378
Aura ABS Safire BS-IV	₹ 7,26,270	₹ 6,35,135
Elan Safire BS-IV	₹ 8,12,569	₹ 7,11,235
Aqua Quadrajet BS-III	₹ 6,67,592	₹ 5,83,393
Aqua Quadrajet BS-IV	₹ 7,34,925	₹ 6,42,768
Aura Quadrajet BS-III	₹ 7,17,274	₹ 6,27,203
Aura Quadrajet BS-IV	₹ 7,85,412	₹ 6,87,288
Aura ABS Quadrajet BS-III	₹ 7,66,208	₹ 6,70,354
Aura ABS Quadrajet BS-IV	₹ 8,35,788	₹ 7,31,710
Elan Quadrajet BS-IV	₹ 9,09,518	₹ 7,96,726
Celebration Quadrajet	₹ 9,25,025	₹ 8,07,755
LS Quadrajet	₹ 6,97,240	₹ 6,09,236
LX Quadrajet	₹ 7,84,815	₹ 6,86,425
VX Quadrajet	₹ 8,61,039	₹ 7,53,608
EX Quadrajet	₹ 9,76,331	₹ 8,52,583
EXL Quadrajet	₹ 10,01,567	₹ 8,75,251
GLS	₹ 6,77,956	₹ 5,92,239
GLX	₹ 7,04,538	₹ 6,15,668
GVX	₹ 7,49,778	₹ 6,55,543
GEX	₹ 8,61,856	₹ 7,54,329

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 ₹ 10,091 but you will have to pay interest of ₹ 2,82,015 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 ₹ 20,289, but your interest payment will be only ₹ 1,64,775 over the 3 years period.

₹ 11,469
Tata Manza [2011-2015] price starts from ₹ 6,47,448 in Erode.

We have considered
Down-payement : ₹ 81,819
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 ₹ 2,16,000

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 ₹ 6.47 Lakh, you can get a loan with an annual income as low as ₹ 2.16 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.