Ford Fiesta [2008-2011] Car Loan EMI Calculator

₹ 11,355.
Here is how - Ford Fiesta [2008-2011] price starts from ₹ 6,13,105 in Delhi. If you pay a down payment of ₹ 53,105 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,355.

The cheapest Fiesta [2008-2011] model is LE 1.6 which is priced at ₹ 6,13,105 in Delhi. You will need to pay at least a ₹ 53,105 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 Fiesta [2008-2011].

Version	On-road price in Delhi	Max Loan
EXi 1.4 Ltd	₹ 6,78,741	₹ 6,25,500
ZXi 1.4 Ltd	₹ 7,27,551	₹ 6,71,200
EXi 1.4 TDCi Ltd	₹ 7,96,226	₹ 7,35,500
ZXi 1.4 TDCi Ltd	₹ 8,45,035	₹ 7,81,200
S 1.6	₹ 8,02,521	₹ 7,18,000
EXi 1.6	₹ 6,98,021	₹ 6,23,000
LE 1.6	₹ 6,13,105	₹ 5,60,000
Zxi 1.6 Leather	₹ 7,02,471	₹ 6,44,000
Exi 1.6 Duratec Ltd	₹ 6,42,951	₹ 5,89,000

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 Fiesta [2008-2011] LE 1.6 will be ₹ 9,556 but you will have to pay interest of ₹ 2,42,704 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 ₹ 19,212, but your interest payment will be only ₹ 1,31,632 over the 3 years period.

₹ 11,355
Ford Fiesta [2008-2011] price starts from ₹ 6,13,105 in Delhi.

We have considered
Down-payement : ₹ 53,105
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Fiesta [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,05,000

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 Fiesta [2008-2011] starts from ₹ 6.13 Lakh, you can get a loan with an annual income as low as ₹ 2.05 lakh.

Here are the most important things you should consider while getting a car loan for a new Fiesta [2008-2011]

• 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.