Tata Manza [2011-2015] Car Loan EMI Calculator

₹ 11,961.
Here is how - Tata Manza [2011-2015] price starts from ₹ 6,69,649 in Mumbai. If you pay a down payment of ₹ 79,751 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,961.

The cheapest Manza [2011-2015] model is Aqua Safire BS-IV which is priced at ₹ 6,69,649 in Mumbai. You will need to pay at least a ₹ 79,751 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 Manza [2011-2015].

Version	On-road price in Mumbai	Max Loan
Aqua Safire BS-IV	₹ 6,69,649	₹ 5,89,898
Aura Safire BS-IV	₹ 7,10,313	₹ 6,26,044
Aura ABS Safire BS-IV	₹ 7,48,711	₹ 6,60,175
Elan Safire BS-IV	₹ 8,35,185	₹ 7,37,040
Aqua Quadrajet BS-III	₹ 6,74,739	₹ 6,05,181
Aqua Quadrajet BS-IV	₹ 7,68,184	₹ 6,65,650
Aura Quadrajet BS-III	₹ 7,23,696	₹ 6,49,486
Aura Quadrajet BS-IV	₹ 8,19,735	₹ 7,10,673
Aura ABS Quadrajet BS-III	₹ 7,71,917	₹ 6,93,124
Aura ABS Quadrajet BS-IV	₹ 8,71,154	₹ 7,55,580
Elan Quadrajet BS-IV	₹ 9,49,420	₹ 8,21,314
Celebration Quadrajet	₹ 9,62,199	₹ 8,32,475
LS Quadrajet	₹ 7,35,985	₹ 6,31,340
LX Quadrajet	₹ 8,25,369	₹ 7,09,342
VX Quadrajet	₹ 9,03,264	₹ 7,77,319
EX Quadrajet	₹ 10,20,951	₹ 8,77,403
EXL Quadrajet	₹ 10,40,120	₹ 9,00,785
GLS	₹ 7,06,371	₹ 6,16,252
GLX	₹ 7,33,124	₹ 6,40,014
GVX	₹ 7,78,523	₹ 6,80,336
GEX	₹ 8,90,919	₹ 7,80,162

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 Manza [2011-2015] Aqua Safire BS-IV will be ₹ 10,437 but you will have to pay interest of ₹ 2,86,810 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 ₹ 20,984, but your interest payment will be only ₹ 1,65,526 over the 3 years period.

₹ 11,961
Tata Manza [2011-2015] price starts from ₹ 6,69,649 in Mumbai.

We have considered
Down-payement : ₹ 79,751
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Manza [2011-2015] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,24,000

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 Manza [2011-2015] starts from ₹ 6.70 Lakh, you can get a loan with an annual income as low as ₹ 2.24 lakh.

Here are the most important things you should consider while getting a car loan for a new Manza [2011-2015]

• 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.