Fiat Linea Car Loan EMI Calculator

₹ 14,893.
Here is how - Fiat Linea price starts from ₹ 8,33,198 in Kolkata. If you pay a down payment of ₹ 98,681 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,893.

The cheapest Linea model is Active 1.4 which is priced at ₹ 8,33,198 in Kolkata. You will need to pay at least a ₹ 98,681 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 Linea.

Version	On-road price in Kolkata	Max Loan
Active T-Jet [2014-2016]	₹ 9,89,203	₹ 8,88,512
Dynamic T-Jet [2014-2016]	₹ 11,23,650	₹ 10,11,566
Emotion T-Jet [2014-2016]	₹ 11,83,537	₹ 10,66,377
Active Diesel [2014-2016]	₹ 10,34,063	₹ 9,29,571
Dynamic Diesel [2014-2016]	₹ 11,68,004	₹ 10,52,161
Emotion Diesel [2014-2016]	₹ 12,22,321	₹ 11,01,886
Active 1.4 [2014-2016]	₹ 8,49,530	₹ 7,60,676
Elegante Diesel	₹ 11,48,306	₹ 10,36,741
Active 1.4	₹ 8,33,198	₹ 7,34,517
Emotion T-Jet 1.4	₹ 11,53,763	₹ 10,16,420
Active Multijet 1.3	₹ 9,94,585	₹ 8,80,832
Dynamic Multijet 1.3	₹ 10,73,631	₹ 9,50,683
Emotion Multijet 1.3	₹ 11,46,736	₹ 10,10,092

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 Linea Active 1.4 will be ₹ 12,986 but you will have to pay interest of ₹ 3,56,307 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 ₹ 26,109, but your interest payment will be only ₹ 2,05,407 over the 3 years period.

₹ 14,893
Fiat Linea price starts from ₹ 8,33,198 in Kolkata.

We have considered
Down-payement : ₹ 98,681
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,78,000

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 Linea starts from ₹ 8.33 Lakh, you can get a loan with an annual income as low as ₹ 2.78 lakh.

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

• 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.