Tata Indica V2 [2006-2013] Car Loan EMI Calculator

₹ 5,217.
Here is how - Tata Indica V2 [2006-2013] price starts from ₹ 2,87,079 in Mumbai. If you pay a down payment of ₹ 29,766 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 5,217.

The cheapest Indica V2 [2006-2013] model is Xeta GV BS-III which is priced at ₹ 2,87,079 in Mumbai. You will need to pay at least a ₹ 29,766 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 Indica V2 [2006-2013].

Version	On-road price in Mumbai	Max Loan
Turbo DLG	₹ 4,55,304	₹ 4,05,693
Turbo DLX	₹ 4,75,267	₹ 4,23,760
Xeta GL BS-III	₹ 2,79,668	₹ 2,54,530
Xeta GLE BS-III	₹ 3,06,882	₹ 2,79,860
Xeta GLS BS-III	₹ 3,27,950	₹ 2,99,470
Xeta GLG BS-III	₹ 3,77,037	₹ 3,34,590
Xeta GLX BS-III	₹ 4,20,752	₹ 3,74,182
Turbo DLS	₹ 4,40,093	₹ 3,91,928
Xeta GV BS-III	₹ 2,87,079	₹ 2,57,313
Xeta GVE BS-III	₹ 3,14,922	₹ 2,82,670
Xeta GVG BS-III	₹ 3,62,827	₹ 3,26,297
Xeta GVS BS-III	₹ 3,36,425	₹ 3,02,253
Xeta GL1.2 BS-III	₹ 3,08,481	₹ 2,72,599
Xeta GLE 1.2 BS-III	₹ 3,39,525	₹ 3,00,670
Xeta GLS 1.2 BS-III	₹ 3,60,076	₹ 3,19,253
Xeta GLG 1.2 BS-III	₹ 3,74,759	₹ 3,32,490
Turbo DLX - ABS & Airbags	₹ 5,38,918	₹ 4,81,116
DLG DiCOR BS-III	₹ 4,84,387	₹ 4,32,013
Xeta GLE 1.2 LPG	₹ 3,84,048	₹ 3,40,929
Xeta GLS 1.2 LPG	₹ 3,64,221	₹ 3,23,001
DLS DiCOR BS-III	₹ 4,65,230	₹ 4,14,677
Xeta GL BS-IV	₹ 3,38,876	₹ 2,97,116
Xeta GLE BS-IV	₹ 3,41,094	₹ 3,02,089
Xeta GLS BS-IV	₹ 3,67,547	₹ 3,26,008
Xeta GLS(LPG) BS-IV	₹ 3,69,524	₹ 3,27,796
Xeta GLE(LPG) BS-IV	₹ 3,99,618	₹ 3,55,008
Turbomax DLE BS-IV	₹ 4,41,101	₹ 3,92,840
Turbomax DLS BS-IV	₹ 4,62,497	₹ 4,12,203
Xeta eGL BS-IV	₹ 3,84,944	₹ 3,32,219
Xeta eGLE BS-IV	₹ 4,16,445	₹ 3,60,219
Xeta eGLS BS-IV	₹ 4,50,875	₹ 3,90,823
Xeta eGLX BS-IV	₹ 4,82,213	₹ 4,18,678
Xeta eGLE(LPG) BS-IV	₹ 4,51,567	₹ 4,09,386
Xeta eGLS(LPG) BS-IV	₹ 4,65,343	₹ 4,22,071

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 Indica V2 [2006-2013] Xeta GV BS-III will be ₹ 4,474 but you will have to pay interest of ₹ 1,18,503 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 ₹ 8,996, but your interest payment will be only ₹ 66,543 over the 3 years period.

₹ 5,217
Tata Indica V2 [2006-2013] price starts from ₹ 2,87,079 in Mumbai.

We have considered
Down-payement : ₹ 29,766
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indica V2 [2006-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 96,000

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 Indica V2 [2006-2013] starts from ₹ 2.87 Lakh, you can get a loan with an annual income as low as ₹ 96000.

Here are the most important things you should consider while getting a car loan for a new Indica V2 [2006-2013]

• 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.