Toyota Platinum Etios Car Loan EMI Calculator

₹ 14,017.
Here is how - Toyota Platinum Etios price starts from ₹ 8,29,458 in Hyderabad. If you pay a down payment of ₹ 1,38,158 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,017.

The cheapest Platinum Etios model is GX which is priced at ₹ 8,29,458 in Hyderabad. You will need to pay at least a ₹ 1,38,158 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 Platinum Etios.

Version	On-road price in Hyderabad	Max Loan
GX	₹ 8,29,458	₹ 6,91,300
V	₹ 8,68,039	₹ 7,24,600
VX	₹ 9,33,265	₹ 7,80,900
GXD	₹ 9,57,824	₹ 8,02,100
VD	₹ 9,95,479	₹ 8,34,600
VXD	₹ 10,60,710	₹ 8,90,900
Limited Edition Petrol [2018-2019]	₹ 7,73,207	₹ 6,52,900
Limited Edition Diesel [2018-2019]	₹ 9,00,455	₹ 7,62,900
Limited Edition Petrol	₹ 9,68,752	₹ 8,05,900
Limited Edition Diesel	₹ 10,96,162	₹ 9,15,900

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 Platinum Etios GX will be ₹ 12,928 but you will have to pay interest of ₹ 3,94,652 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 ₹ 25,992, but your interest payment will be only ₹ 2,44,412 over the 3 years period.

₹ 14,017
Toyota Platinum Etios price starts from ₹ 8,29,458 in Hyderabad.

We have considered
Down-payement : ₹ 1,38,158
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Platinum Etios with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,77,000

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 Platinum Etios starts from ₹ 8.29 Lakh, you can get a loan with an annual income as low as ₹ 2.77 lakh.

Here are the most important things you should consider while getting a car loan for a new Platinum Etios

• 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.