Chevrolet Optra SRV [2006-2010] Car Loan EMI Calculator

₹ 14,202.
Here is how - Chevrolet Optra SRV [2006-2010] price starts from ₹ 8,34,196 in Bangalore. If you pay a down payment of ₹ 1,33,771 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,202.

The cheapest Optra SRV [2006-2010] model is 1.6 which is priced at ₹ 8,34,196 in Bangalore. You will need to pay at least a ₹ 1,33,771 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 Optra SRV [2006-2010].

Version	On-road price in Bangalore	Max Loan
1.6	₹ 8,34,196	₹ 7,00,425
1.6 Opt	₹ 8,99,817	₹ 7,56,052

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 Optra SRV [2006-2010] 1.6 will be ₹ 13,002 but you will have to pay interest of ₹ 3,91,743 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 ₹ 26,141, but your interest payment will be only ₹ 2,40,651 over the 3 years period.

₹ 14,202
Chevrolet Optra SRV [2006-2010] price starts from ₹ 8,34,196 in Bangalore.

We have considered
Down-payement : ₹ 1,33,771
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Optra SRV [2006-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,79,000

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 Optra SRV [2006-2010] starts from ₹ 8.34 Lakh, you can get a loan with an annual income as low as ₹ 2.79 lakh.

Here are the most important things you should consider while getting a car loan for a new Optra SRV [2006-2010]

• 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.