Ashok Leyland Stile [2013-2015] Car Loan EMI Calculator

₹ 15,187.
Here is how - Ashok Leyland Stile [2013-2015] price starts from ₹ 8,97,625 in Bangalore. If you pay a down payment of ₹ 1,48,625 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,187.

The cheapest Stile [2013-2015] model is LE 8 STR which is priced at ₹ 8,97,625 in Bangalore. You will need to pay at least a ₹ 1,48,625 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 Stile [2013-2015].

Version	On-road price in Bangalore	Max Loan
LE 8 STR	₹ 8,97,625	₹ 7,49,000
LS 8 STR	₹ 10,19,665	₹ 8,49,000
LX 8 STR	₹ 9,95,857	₹ 8,29,000
LE 7 STR	₹ 9,57,145	₹ 7,99,000
LS 7 STR	₹ 10,55,377	₹ 8,79,000
LX 7 STR	₹ 10,79,186	₹ 8,99,000
LX 7 STR Alloy	₹ 11,14,898	₹ 9,29,000

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 Stile [2013-2015] LE 8 STR will be ₹ 13,991 but you will have to pay interest of ₹ 4,26,244 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 ₹ 28,128, but your interest payment will be only ₹ 2,63,608 over the 3 years period.

₹ 15,187
Ashok Leyland Stile [2013-2015] price starts from ₹ 8,97,625 in Bangalore.

We have considered
Down-payement : ₹ 1,48,625
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Stile [2013-2015] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,00,000

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 Stile [2013-2015] starts from ₹ 8.98 Lakh, you can get a loan with an annual income as low as ₹ 3 lakh.

Here are the most important things you should consider while getting a car loan for a new Stile [2013-2015]

• 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.