Fiat Linea Car Loan EMI Calculator

₹ 15,440.
Here is how - Fiat Linea price starts from ₹ 8,55,017 in Ahmedabad. If you pay a down payment of ₹ 93,538 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,440.

The cheapest Linea model is Active 1.4 which is priced at ₹ 8,55,017 in Ahmedabad. You will need to pay at least a ₹ 93,538 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 Ahmedabad	Max Loan
Active T-Jet [2014-2016]	₹ 9,60,965	₹ 8,60,479
Dynamic T-Jet [2014-2016]	₹ 10,95,991	₹ 9,82,106
Emotion T-Jet [2014-2016]	₹ 11,56,074	₹ 10,36,227
Active Diesel [2014-2016]	₹ 10,21,852	₹ 9,15,324
Dynamic Diesel [2014-2016]	₹ 11,57,357	₹ 10,37,382
Emotion Diesel [2014-2016]	₹ 12,12,346	₹ 10,86,913
Active 1.4 [2014-2016]	₹ 8,77,329	₹ 7,99,107
Elegante Diesel	₹ 11,32,800	₹ 10,16,292
Active 1.4	₹ 8,55,017	₹ 7,61,479
Emotion T-Jet 1.4	₹ 11,81,967	₹ 10,48,578
Active Multijet 1.3	₹ 9,84,317	₹ 8,77,817
Dynamic Multijet 1.3	₹ 10,89,614	₹ 9,72,559
Emotion Multijet 1.3	₹ 12,04,126	₹ 10,68,363

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 ₹ 13,326 but you will have to pay interest of ₹ 3,57,905 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 ₹ 26,793, but your interest payment will be only ₹ 2,03,069 over the 3 years period.

₹ 15,440
Fiat Linea price starts from ₹ 8,55,017 in Ahmedabad.

We have considered
Down-payement : ₹ 93,538
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 ₹ 2,86,000

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 ₹ 8.55 Lakh, you can get a loan with an annual income as low as ₹ 2.86 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.