Chevrolet Aveo U-VA [2006-2012] Car Loan EMI Calculator

₹ 8,998.
Here is how - Chevrolet Aveo U-VA [2006-2012] price starts from ₹ 4,91,114 in Mumbai. If you pay a down payment of ₹ 47,337 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,998.

The cheapest Aveo U-VA [2006-2012] model is 1.2 which is priced at ₹ 4,91,114 in Mumbai. You will need to pay at least a ₹ 47,337 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 Aveo U-VA [2006-2012].

Version	On-road price in Mumbai	Max Loan
1.2	₹ 4,91,114	₹ 4,43,777
LS 1.2	₹ 5,07,397	₹ 4,50,418
LT 1.2 ABS & Airbag	₹ 5,79,488	₹ 5,24,456
LT 1.2 ABS	₹ 5,86,895	₹ 5,29,018
LT 1.2	₹ 5,87,998	₹ 5,22,682
LS 1.2 Techno	₹ 5,35,831	₹ 4,83,625

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 Aveo U-VA [2006-2012] 1.2 will be ₹ 7,655 but you will have to pay interest of ₹ 1,99,243 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 ₹ 15,390, but your interest payment will be only ₹ 1,10,263 over the 3 years period.

₹ 8,998
Chevrolet Aveo U-VA [2006-2012] price starts from ₹ 4,91,114 in Mumbai.

We have considered
Down-payement : ₹ 47,337
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Aveo U-VA [2006-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,64,000

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 Aveo U-VA [2006-2012] starts from ₹ 4.91 Lakh, you can get a loan with an annual income as low as ₹ 1.64 lakh.

Here are the most important things you should consider while getting a car loan for a new Aveo U-VA [2006-2012]

• 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.