Fiat Linea Car Loan EMI Calculator

₹ 14,606.
Here is how - Fiat Linea price starts from ₹ 8,19,393 in Jhansi. If you pay a down payment of ₹ 99,027 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,606.

The cheapest Linea model is Active 1.4 which is priced at ₹ 8,19,393 in Jhansi. You will need to pay at least a ₹ 99,027 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 Jhansi	Max Loan
Active 1.4	₹ 8,19,393	₹ 7,20,366
Emotion T-Jet 1.4	₹ 11,64,495	₹ 10,02,269
Active Multijet 1.3	₹ 9,85,647	₹ 8,66,681
Dynamic Multijet 1.3	₹ 10,63,583	₹ 9,36,531
Emotion Multijet 1.3	₹ 11,37,342	₹ 9,95,941

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 ₹ 12,771 but you will have to pay interest of ₹ 3,52,398 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 ₹ 25,677, but your interest payment will be only ₹ 2,04,006 over the 3 years period.

₹ 14,606
Fiat Linea price starts from ₹ 8,19,393 in Jhansi.

We have considered
Down-payement : ₹ 99,027
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 ₹ 2,74,000

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 ₹ 8.19 Lakh, you can get a loan with an annual income as low as ₹ 2.74 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.