Tata Aria [2014-2017] Car Loan EMI Calculator

₹ 23,011.
Here is how - Tata Aria [2014-2017] price starts from ₹ 12,63,550 in Kolkata. If you pay a down payment of ₹ 1,28,694 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 23,011.

The cheapest Aria [2014-2017] model is Pure LX 4x2 which is priced at ₹ 12,63,550 in Kolkata. You will need to pay at least a ₹ 1,28,694 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 Aria [2014-2017].

Version	On-road price in Kolkata	Max Loan
Pure LX 4x2	₹ 12,63,550	₹ 11,34,856
Pride 4x4	₹ 18,18,918	₹ 16,35,943
Pleasure 4x2	₹ 15,01,092	₹ 13,50,595

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 Aria [2014-2017] Pure LX 4x2 will be ₹ 19,694 but you will have to pay interest of ₹ 5,19,440 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 ₹ 39,595, but your interest payment will be only ₹ 2,90,564 over the 3 years period.

₹ 23,011
Tata Aria [2014-2017] price starts from ₹ 12,63,550 in Kolkata.

We have considered
Down-payement : ₹ 1,28,694
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Aria [2014-2017] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,22,000

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 Aria [2014-2017] starts from ₹ 12.64 Lakh, you can get a loan with an annual income as low as ₹ 4.22 lakh.

Here are the most important things you should consider while getting a car loan for a new Aria [2014-2017]

• 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.