Citroen Basalt Car Loan EMI Calculator

₹ 16,201.
Here is how - Citroen Basalt price starts from ₹ 9,34,175 in Mumbai. If you pay a down payment of ₹ 1,35,175 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,201.

The cheapest Basalt model is You 1.2 Petrol MT which is priced at ₹ 9,34,175 in Mumbai. You will need to pay at least a ₹ 1,35,175 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 Basalt.

Version	On-road price in Mumbai	Max Loan
You 1.2 Petrol MT	₹ 9,34,175	₹ 7,99,000
Plus 1.2 Turbo Petrol MT	₹ 13,59,536	₹ 11,49,000
Max 1.2 Turbo Petrol AT	₹ 16,08,576	₹ 13,62,000
Plus 1.2 Petrol MT	₹ 11,63,976	₹ 9,99,000
Max 1.2 Turbo Petrol MT	₹ 14,51,904	₹ 12,28,000
Plus 1.2 Turbo Petrol AT	₹ 15,11,532	₹ 12,79,000
Max 1.2 Turbo Petrol MT Dual Tone	₹ 14,76,456	₹ 12,49,000
Max 1.2 Turbo Petrol AT Dual Tone	₹ 16,33,130	₹ 13,83,000

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 Basalt You 1.2 Petrol MT will be ₹ 14,560 but you will have to pay interest of ₹ 4,24,040 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 ₹ 29,274, but your interest payment will be only ₹ 2,54,864 over the 3 years period.

₹ 16,201
Citroen Basalt price starts from ₹ 9,34,175 in Mumbai.

We have considered
Down-payement : ₹ 1,35,175
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,12,000

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 Basalt starts from ₹ 9.34 Lakh, you can get a loan with an annual income as low as ₹ 3.12 lakh.

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

• 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.