Toyota Etios Liva Car Loan EMI Calculator

₹ 11,426.
Here is how - Toyota Etios Liva price starts from ₹ 6,41,033 in Sagar. If you pay a down payment of ₹ 77,533 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,426.

The cheapest Etios Liva model is GX which is priced at ₹ 6,41,033 in Sagar. You will need to pay at least a ₹ 77,533 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 Etios Liva.

Version	On-road price in Sagar	Max Loan
GX	₹ 6,41,033	₹ 5,63,500
V	₹ 6,57,066	₹ 5,78,000
VX	₹ 7,16,778	₹ 6,32,000
GXD	₹ 7,95,623	₹ 6,97,000
VD	₹ 8,05,665	₹ 7,06,000
VXD	₹ 8,51,412	₹ 7,47,000
V Dual Tone	₹ 6,75,533	₹ 5,94,700
VX Dual Tone	₹ 7,29,716	₹ 6,43,700
VD Dual Tone	₹ 8,24,298	₹ 7,22,700
VXD Dual Tone	₹ 8,64,466	₹ 7,58,700
VX Dual Tone LE	₹ 7,52,937	₹ 6,64,700
VXD Dual Tone LE	₹ 8,87,897	₹ 7,79,700

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 Etios Liva GX will be ₹ 9,991 but you will have to pay interest of ₹ 2,75,744 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 ₹ 20,088, but your interest payment will be only ₹ 1,59,668 over the 3 years period.

₹ 11,426
Toyota Etios Liva price starts from ₹ 6,41,033 in Sagar.

We have considered
Down-payement : ₹ 77,533
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,14,000

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 Etios Liva starts from ₹ 6.41 Lakh, you can get a loan with an annual income as low as ₹ 2.14 lakh.

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

• 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.