Force Motors Force One Car Loan EMI Calculator

₹ 18,009.
Here is how - Force Motors Force One price starts from ₹ 10,20,649 in Chennai. If you pay a down payment of ₹ 1,32,466 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,009.

The cheapest Force One model is EX 7 STR which is priced at ₹ 10,20,649 in Chennai. You will need to pay at least a ₹ 1,32,466 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 Force One.

Version	On-road price in Chennai	Max Loan
SX 7 STR	₹ 14,24,600	₹ 11,91,291
SX 6 STR	₹ 14,33,750	₹ 11,99,002
SX ABS 6 STR	₹ 14,23,126	₹ 11,82,203
SX ABS 7 STR	₹ 14,15,569	₹ 11,75,881
EX 7 STR	₹ 10,20,649	₹ 8,88,183
LX ABS 7 STR	₹ 15,97,393	₹ 13,28,013

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 Force One EX 7 STR will be ₹ 15,908 but you will have to pay interest of ₹ 4,48,089 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 ₹ 31,983, but your interest payment will be only ₹ 2,63,205 over the 3 years period.

₹ 18,009
Force Motors Force One price starts from ₹ 10,20,649 in Chennai.

We have considered
Down-payement : ₹ 1,32,466
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Force One with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,41,000

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 Force One starts from ₹ 10.21 Lakh, you can get a loan with an annual income as low as ₹ 3.41 lakh.

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

• 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.