Toyota Innova [2005-2009] Car Loan EMI Calculator

₹ 13,841.
Here is how - Toyota Innova [2005-2009] price starts from ₹ 6,82,605 in Ahmedabad. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,841.

Here is a model wise list of max loan amount for Innova [2005-2009].

Version	On-road price in Ahmedabad	Max Loan
2.0 G1	₹ 10,17,444	₹ 9,24,390
2.0 V	₹ 11,45,107	₹ 10,34,202
2.5 V 8 STR	₹ 12,23,820	₹ 11,05,976
2.5 G1	₹ 10,70,205	₹ 9,72,846
2.5 G4 8 STR	₹ 10,50,912	₹ 9,48,311
2.5 G4 7 STR	₹ 10,46,669	₹ 9,44,442
2.5 V 7 STR	₹ 12,19,577	₹ 11,02,107
2.0 G4	₹ 9,71,138	₹ 8,75,570
2.5 EV MS 8 STR	₹ 9,52,014	₹ 8,64,299
2.5 EV MS 7 STR	₹ 9,56,434	₹ 8,68,358
2.5 EV PS 7 STR	₹ 10,15,348	₹ 9,22,465
2.5 EV PS 8 STR	₹ 10,10,928	₹ 9,18,406

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 Innova [2005-2009] 2.0 E will be ₹ 10,639 but you will have to pay interest of ₹ 2,11,071 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 ₹ 21,390, but your interest payment will be only ₹ 87,435 over the 3 years period.

₹ 13,841
Toyota Innova [2005-2009] price starts from ₹ 6,82,605 in Ahmedabad.

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

You will need to fulfill the following 2 criteria to buy Innova [2005-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,28,000

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 Innova [2005-2009] starts from ₹ 6.83 Lakh, you can get a loan with an annual income as low as ₹ 2.28 lakh.

Here are the most important things you should consider while getting a car loan for a new Innova [2005-2009]

• 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.