Chevrolet Beat [2011-2014] Car Loan EMI Calculator

₹ 9,293.
Here is how - Chevrolet Beat [2011-2014] price starts from ₹ 5,02,760 in Ahmedabad. If you pay a down payment of ₹ 44,464 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,293.

The cheapest Beat [2011-2014] model is LS LPG which is priced at ₹ 5,02,760 in Ahmedabad. You will need to pay at least a ₹ 44,464 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 Beat [2011-2014].

Version	On-road price in Ahmedabad	Max Loan
LT LPG	₹ 5,56,625	₹ 5,06,462
LS LPG	₹ 5,02,760	₹ 4,58,296
PS Diesel	₹ 5,34,220	₹ 4,88,114
LS Diesel	₹ 5,68,519	₹ 5,18,329
LT Diesel	₹ 6,17,029	₹ 5,63,017
LT Opt Diesel	₹ 6,72,227	₹ 6,13,867

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 Beat [2011-2014] LS LPG will be ₹ 7,836 but you will have to pay interest of ₹ 1,99,928 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 ₹ 15,755, but your interest payment will be only ₹ 1,08,884 over the 3 years period.

₹ 9,293
Chevrolet Beat [2011-2014] price starts from ₹ 5,02,760 in Ahmedabad.

We have considered
Down-payement : ₹ 44,464
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Beat [2011-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,68,000

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 Beat [2011-2014] starts from ₹ 5.03 Lakh, you can get a loan with an annual income as low as ₹ 1.68 lakh.

Here are the most important things you should consider while getting a car loan for a new Beat [2011-2014]

• 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.