Nissan Sunny Car Loan EMI Calculator

₹ 14,336.
Here is how - Nissan Sunny price starts from ₹ 8,28,749 in Mumbai. If you pay a down payment of ₹ 1,21,724 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,336.

The cheapest Sunny model is XE which is priced at ₹ 8,28,749 in Mumbai. You will need to pay at least a ₹ 1,21,724 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 Sunny.

Version	On-road price in Mumbai	Max Loan
XE	₹ 8,28,749	₹ 7,07,025
XE D	₹ 10,25,544	₹ 8,60,997
XL	₹ 9,80,186	₹ 8,36,461
XL CVT AT	₹ 11,65,790	₹ 10,05,148
XL D	₹ 10,85,677	₹ 9,12,534
XV D	₹ 11,80,729	₹ 9,93,997
XV Premium Pack (Leather)	₹ 12,91,427	₹ 10,96,291
XV Premium Pack (Safety)	₹ 13,70,305	₹ 11,60,686
XV CVT	₹ 11,60,849	₹ 9,93,997
Special Edition	₹ 10,44,549	₹ 8,77,285

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 Sunny XE will be ₹ 12,917 but you will have to pay interest of ₹ 3,78,003 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 ₹ 25,970, but your interest payment will be only ₹ 2,27,895 over the 3 years period.

₹ 14,336
Nissan Sunny price starts from ₹ 8,28,749 in Mumbai.

We have considered
Down-payement : ₹ 1,21,724
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Sunny 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 Sunny 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 Sunny

• 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.