Ford Endeavour [2009-2014] Car Loan EMI Calculator

₹ 40,144.
Here is how - Ford Endeavour [2009-2014] price starts from ₹ 23,05,621 in Mumbai. If you pay a down payment of ₹ 3,25,781 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 40,144.

The cheapest Endeavour [2009-2014] model is Allterrain edition 4x4 AT which is priced at ₹ 23,05,621 in Mumbai. You will need to pay at least a ₹ 3,25,781 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 Endeavour [2009-2014].

Version	On-road price in Mumbai	Max Loan
3.0L 4x4 AT	₹ 28,29,515	₹ 24,11,794
2.5L 4x2	₹ 24,36,336	₹ 20,74,883
3.0L 4x2 AT	₹ 26,12,215	₹ 22,25,592
Hurricane LE	₹ 24,74,754	₹ 21,12,088
Allterrain edition 4x4 AT	₹ 23,05,621	₹ 19,79,840

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 Endeavour [2009-2014] Allterrain edition 4x4 AT will be ₹ 35,936 but you will have to pay interest of ₹ 10,38,784 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 ₹ 72,250, but your interest payment will be only ₹ 6,21,160 over the 3 years period.

₹ 40,144
Ford Endeavour [2009-2014] price starts from ₹ 23,05,621 in Mumbai.

We have considered
Down-payement : ₹ 3,25,781
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Endeavour [2009-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,69,000

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 Endeavour [2009-2014] starts from ₹ 23.06 Lakh, you can get a loan with an annual income as low as ₹ 7.69 lakh.

Here are the most important things you should consider while getting a car loan for a new Endeavour [2009-2014]

• 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.