Chevrolet Tavera Car Loan EMI Calculator

₹ 13,070.
Here is how - Chevrolet Tavera price starts from ₹ 7,07,702 in Ranchi. If you pay a down payment of ₹ 63,124 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,070.

The cheapest Tavera model is NY B1 10-Str BS-III which is priced at ₹ 7,07,702 in Ranchi. You will need to pay at least a ₹ 63,124 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 Tavera.

Version	On-road price in Ranchi	Max Loan
B1 7-Seater - BS III	₹ 7,35,496	₹ 6,76,411
B1 10-Seater - BS III	₹ 7,29,616	₹ 6,64,764
NY B1 7-Str BS-III	₹ 7,13,969	₹ 6,56,397
NY B1 10-Str BS-III	₹ 7,07,702	₹ 6,44,578
NY B2 7-Str BS-III	₹ 8,02,456	₹ 7,38,662
NY B2 10-Str BS-III	₹ 7,97,011	₹ 7,26,842
Neo LS B3 10-Str BS-III	₹ 8,99,112	₹ 8,18,125
Neo LS - B3 7-Seater - BS III	₹ 7,91,857	₹ 7,58,985
Neo LT L 7-Str BS-III	₹ 10,91,885	₹ 10,04,947
Neo LT L 9-Str BS-III	₹ 10,09,179	₹ 9,19,509
Neo SS D1 7-Str BS-III	₹ 10,79,244	₹ 9,93,195
Neo SS D1 8-Str BS-III	₹ 10,52,583	₹ 9,68,409
Neo LS B4 7-Str BS-III	₹ 8,73,352	₹ 8,01,783
Neo LS B4 7-Captain BS-III	₹ 8,85,202	₹ 8,12,799
Neo 3-10 STR BS-III	₹ 9,19,528	₹ 8,26,736
Neo 3 Max -10 STR BS-III	₹ 10,22,110	₹ 9,21,149
Neo 3 LS- 10 STR BS-III	₹ 11,27,485	₹ 10,18,471
Neo 3 LT- 8 STR BS-III	₹ 12,45,164	₹ 11,41,982
Neo 3-7 STR BS-III	₹ 7,79,060	₹ 7,16,911
Neo 3-10 STR BS-IV	₹ 8,24,012	₹ 7,51,712
Neo 3 Max -7 STR BS-III	₹ 9,96,456	₹ 9,10,918
Neo 3 Max -10 STR BS-IV	₹ 9,10,344	₹ 8,28,470
Neo 3 Max -7 STR BS-IV	₹ 9,36,915	₹ 8,60,875
Neo 3 LS- 7 STR BS-III	₹ 11,50,685	₹ 10,49,494
Neo 3 LS- 7(C) STR BS-III	₹ 11,63,127	₹ 10,61,055
Neo 3 LS- 10 STR BS-IV	₹ 9,98,044	₹ 9,09,252
Neo 3 LS- 7 STR BS-IV	₹ 10,20,666	₹ 9,38,737
Neo 3 LS- 7(C) STR BS-IV	₹ 10,32,682	₹ 9,49,908
Neo 3 LT- 9 STR BS-III	₹ 12,80,559	₹ 11,59,403
Neo 3 LT- 7(C) STR BS-III	₹ 12,74,149	₹ 11,68,910
Neo 3 LT- 7(C) STR BS-IV	₹ 12,06,596	₹ 11,11,590
Neo 3 LT- 8 STR BS-IV	₹ 11,78,719	₹ 10,85,674
Neo 3 LT- 9 STR BS-IV	₹ 11,37,580	₹ 10,37,780
Neo 3 Max -9 STR BS-III	₹ 10,21,464	₹ 9,20,554
Neo 3-9 STR BS III	₹ 9,19,528	₹ 8,26,736
Neo 3 LS-9 STR-BSIII	₹ 11,26,770	₹ 10,17,813
Base 10 STR	₹ 9,22,952	₹ 8,34,557
Max 10 STR	₹ 10,01,270	₹ 9,06,576
LS 10 STR	₹ 11,13,984	₹ 10,03,304
LS 9 STR	₹ 10,67,940	₹ 9,67,883
LS 7 STR	₹ 10,70,897	₹ 9,79,611
LS 7(C) STR	₹ 10,84,710	₹ 9,92,430
LT 9 STR	₹ 11,91,046	₹ 10,73,681

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 Tavera NY B1 10-Str BS-III will be ₹ 11,030 but you will have to pay interest of ₹ 2,81,942 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 ₹ 22,177, but your interest payment will be only ₹ 1,53,794 over the 3 years period.

₹ 13,070
Chevrolet Tavera price starts from ₹ 7,07,702 in Ranchi.

We have considered
Down-payement : ₹ 63,124
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Tavera with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,36,000

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 Tavera starts from ₹ 7.08 Lakh, you can get a loan with an annual income as low as ₹ 2.36 lakh.

Here are the most important things you should consider while getting a car loan for a new Tavera

• 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.