Ford Fiesta [2008-2011] Car Loan EMI Calculator

₹ 11,418.
Here is how - Ford Fiesta [2008-2011] price starts from ₹ 5,63,101 in Bangalore. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,418.

Here is a model wise list of max loan amount for Fiesta [2008-2011].

Version	On-road price in Bangalore	Max Loan
EXi 1.4 Ltd	₹ 7,27,035	₹ 6,27,500
ZXi 1.4 Ltd	₹ 7,79,546	₹ 6,73,200
EXi 1.4 TDCi Ltd	₹ 8,27,249	₹ 6,92,733
ZXi 1.4 TDCi Ltd	₹ 9,05,941	₹ 7,83,200
S 1.6	₹ 9,11,636	₹ 7,61,338
EXi 1.6	₹ 7,93,077	₹ 6,61,458
Zxi 1.6 Leather	₹ 7,75,854	₹ 6,53,000

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 Fiesta [2008-2011] LE 1.6 will be ₹ 8,777 but you will have to pay interest of ₹ 1,74,167 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 ₹ 17,646, but your interest payment will be only ₹ 72,155 over the 3 years period.

₹ 11,418
Ford Fiesta [2008-2011] price starts from ₹ 5,63,101 in Bangalore.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Fiesta [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,88,000

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 Fiesta [2008-2011] starts from ₹ 5.63 Lakh, you can get a loan with an annual income as low as ₹ 1.88 lakh.

Here are the most important things you should consider while getting a car loan for a new Fiesta [2008-2011]

• 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.