Tata Manza [2009-2011] Car Loan EMI Calculator

₹ 10,281.
Here is how - Tata Manza [2009-2011] price starts from ₹ 6,08,364 in Shimoga. If you pay a down payment of ₹ 1,01,343 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,281.

The cheapest Manza [2009-2011] model is Aqua Safire BS-III which is priced at ₹ 6,08,364 in Shimoga. You will need to pay at least a ₹ 1,01,343 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 Manza [2009-2011].

Version	On-road price in Shimoga	Max Loan
Aqua Quadrajet BS-III	₹ 6,98,623	₹ 5,82,995
Aura Quadrajet BS-III	₹ 7,50,214	₹ 6,26,421
Aura (ABS) Quadrajet BS-III	₹ 7,91,881	₹ 6,61,494
Aura (+) Quadrajet BS-III	₹ 8,28,433	₹ 6,92,261
Aura (+) Safire BS-III	₹ 7,38,381	₹ 6,16,461
Aura (ABS) Safire BS-III	₹ 6,79,097	₹ 5,66,560
Aura Safire BS-III	₹ 6,49,794	₹ 5,41,894
Aqua Safire BS-III	₹ 6,08,364	₹ 5,07,021
Aqua Quadrajet BS-IV	₹ 7,33,219	₹ 6,12,116
Aqua Safire BS-IV	₹ 6,42,560	₹ 5,35,805
Aura (ABS) Quadrajet BS-IV	₹ 8,36,757	₹ 6,99,267
Aura (ABS) Safire BS-IV	₹ 7,23,472	₹ 6,03,912
Aura Quadrajet BS-IV	₹ 7,85,040	₹ 6,55,735
Aura Safire BS-IV	₹ 6,84,174	₹ 5,70,833

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 Manza [2009-2011] Aqua Safire BS-III will be ₹ 9,482 but you will have to pay interest of ₹ 2,89,467 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 ₹ 19,064, but your interest payment will be only ₹ 1,79,283 over the 3 years period.

₹ 10,281
Tata Manza [2009-2011] price starts from ₹ 6,08,364 in Shimoga.

We have considered
Down-payement : ₹ 1,01,343
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Manza [2009-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,03,000

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 Manza [2009-2011] starts from ₹ 6.08 Lakh, you can get a loan with an annual income as low as ₹ 2.03 lakh.

Here are the most important things you should consider while getting a car loan for a new Manza [2009-2011]

• 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.