Toyota Etios Liva Car Loan EMI Calculator

₹ 11,626.
Here is how - Toyota Etios Liva price starts from ₹ 6,57,714 in Palakkad. If you pay a down payment of ₹ 84,314 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,626.

The cheapest Etios Liva model is GX which is priced at ₹ 6,57,714 in Palakkad. You will need to pay at least a ₹ 84,314 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 Etios Liva.

Version	On-road price in Palakkad	Max Loan
GX	₹ 6,57,714	₹ 5,73,400
V	₹ 6,73,892	₹ 5,87,900
VX	₹ 7,34,144	₹ 6,41,900
GXD	₹ 8,06,669	₹ 7,06,900
VD	₹ 8,16,711	₹ 7,15,900
VXD	₹ 8,62,458	₹ 7,56,900
V Dual Tone	₹ 6,92,526	₹ 6,04,600
VX Dual Tone	₹ 7,47,199	₹ 6,53,600
VD Dual Tone	₹ 8,35,345	₹ 7,32,600
VXD Dual Tone	₹ 8,75,512	₹ 7,68,600
VX Dual Tone LE	₹ 7,70,630	₹ 6,74,600
VXD Dual Tone LE	₹ 8,98,944	₹ 7,89,600

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 Etios Liva GX will be ₹ 10,251 but you will have to pay interest of ₹ 2,87,684 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 ₹ 20,610, but your interest payment will be only ₹ 1,68,560 over the 3 years period.

₹ 11,626
Toyota Etios Liva price starts from ₹ 6,57,714 in Palakkad.

We have considered
Down-payement : ₹ 84,314
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Etios Liva with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,20,000

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 Etios Liva starts from ₹ 6.58 Lakh, you can get a loan with an annual income as low as ₹ 2.20 lakh.

Here are the most important things you should consider while getting a car loan for a new Etios Liva

• 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.