Ford Fiesta Classic [2011-2012] Car Loan EMI Calculator

₹ 11,849.
Here is how - Ford Fiesta Classic [2011-2012] price starts from ₹ 6,44,206 in Ahmedabad. If you pay a down payment of ₹ 59,842 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,849.

The cheapest Fiesta Classic [2011-2012] model is LXi 1.6 which is priced at ₹ 6,44,206 in Ahmedabad. You will need to pay at least a ₹ 59,842 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 Classic [2011-2012].

Version	On-road price in Ahmedabad	Max Loan
LXi 1.4 TDCi	₹ 7,75,790	₹ 7,08,052
LXi 1.6	₹ 6,44,206	₹ 5,84,364
CLXi 1.6	₹ 7,16,554	₹ 6,50,809
CLXi 1.4 TDCi	₹ 8,23,578	₹ 7,52,008
SXi 1.6	₹ 8,54,016	₹ 7,77,053
SXi 1.4 TDCi	₹ 9,52,051	₹ 8,67,419

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 Classic [2011-2012] LXi 1.6 will be ₹ 10,041 but you will have to pay interest of ₹ 2,59,080 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 ₹ 20,187, but your interest payment will be only ₹ 1,42,368 over the 3 years period.

₹ 11,849
Ford Fiesta Classic [2011-2012] price starts from ₹ 6,44,206 in Ahmedabad.

We have considered
Down-payement : ₹ 59,842
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Fiesta Classic [2011-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,15,000

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 Classic [2011-2012] starts from ₹ 6.44 Lakh, you can get a loan with an annual income as low as ₹ 2.15 lakh.

Here are the most important things you should consider while getting a car loan for a new Fiesta Classic [2011-2012]

• 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.