Ford Fiesta [2005-2008] Car Loan EMI Calculator

₹ 12,929.
Here is how - Ford Fiesta [2005-2008] price starts from ₹ 7,10,968 in Mumbai. If you pay a down payment of ₹ 73,343 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,929.

The cheapest Fiesta [2005-2008] model is EXi 1.4 Durasport which is priced at ₹ 7,10,968 in Mumbai. You will need to pay at least a ₹ 73,343 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 Fiesta [2005-2008].

Version	On-road price in Mumbai	Max Loan
ZXi 1.6	₹ 8,11,230	₹ 7,24,337
EXi 1.4	₹ 6,94,016	₹ 6,22,626
ZXi 1.4 TDCi	₹ 9,20,691	₹ 8,26,180
SXi 1.6	₹ 8,35,588	₹ 7,53,329
ZXi 1.4 TDCi ABS	₹ 8,78,459	₹ 7,89,200
SXi 1.6 ABS	₹ 8,83,135	₹ 7,89,270
ZXi 1.6 ABS	₹ 7,82,283	₹ 7,01,000
EXi 1.4 TDCi	₹ 8,62,706	₹ 7,73,737
SXi 1.4 TDCi	₹ 9,30,095	₹ 8,41,574
SXi 1.4 TDCi ABS	₹ 9,94,748	₹ 8,93,160
EXi 1.4 Durasport	₹ 7,10,968	₹ 6,37,625
ZXi 1.6 Durasport	₹ 7,88,342	₹ 7,06,475
ZXi 1.6 Durasport ABS	₹ 8,17,470	₹ 7,32,200
ZXi 1.4	₹ 7,35,618	₹ 6,64,462

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 Fiesta [2005-2008] EXi 1.4 Durasport will be ₹ 11,081 but you will have to pay interest of ₹ 2,93,179 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 ₹ 22,279, but your interest payment will be only ₹ 1,64,419 over the 3 years period.

₹ 12,929
Ford Fiesta [2005-2008] price starts from ₹ 7,10,968 in Mumbai.

We have considered
Down-payement : ₹ 73,343
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Fiesta [2005-2008] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,37,000

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 Fiesta [2005-2008] starts from ₹ 7.11 Lakh, you can get a loan with an annual income as low as ₹ 2.37 lakh.

Here are the most important things you should consider while getting a car loan for a new Fiesta [2005-2008]

• 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.