Hindustan Motors Ambassador Car Loan EMI Calculator

₹ 8,348.
Here is how - Hindustan Motors Ambassador price starts from ₹ 4,53,700 in Delhi. If you pay a down payment of ₹ 41,988 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,348.

The cheapest Ambassador model is Classic 1800 ISZ CNG which is priced at ₹ 4,53,700 in Delhi. You will need to pay at least a ₹ 41,988 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 Ambassador.

Version	On-road price in Delhi	Max Loan
Classic 1800 ISZ CNG	₹ 4,53,700	₹ 4,11,712
Classic 1800 ISZ MPFI AC	₹ 4,93,118	₹ 4,48,322
Classic 2000 DSZ AC PS	₹ 5,39,923	₹ 4,87,269
Classic 2000 DSZ	₹ 4,92,493	₹ 4,43,622
Classic 1800 ISZ MPFI	₹ 4,69,847	₹ 4,26,709
Classic 2000 DSZ AC	₹ 5,13,828	₹ 4,63,255
Classic 1800 ISZ MPFI AC PS	₹ 5,03,629	₹ 4,58,085
Classic 1800 ISZ AC CNG	₹ 4,91,983	₹ 4,47,268
Avigo 1800 ISZ MPFI	₹ 5,81,995	₹ 5,29,477
Avigo 2000 DSZ	₹ 6,38,854	₹ 5,76,928
Grand 1800 ISZ MPFI	₹ 5,11,953	₹ 4,65,816
Grand 1800 ISZ CNG	₹ 5,24,626	₹ 4,77,587
Grand 1800 ISZ MPFI PW CL	₹ 5,44,663	₹ 4,96,196
Grand 1800 ISZ MPFI PW CL CNG	₹ 5,59,496	₹ 5,08,580
Grand 2000 DSZ	₹ 6,44,043	₹ 5,81,703
Grand 2000 DSZ PW CL	₹ 7,15,242	₹ 6,25,633
Classic 1800 ISZ MPFI PS	₹ 4,85,168	₹ 4,40,938

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 Ambassador Classic 1800 ISZ CNG will be ₹ 7,071 but you will have to pay interest of ₹ 1,82,252 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 ₹ 14,217, but your interest payment will be only ₹ 1,00,100 over the 3 years period.

₹ 8,348
Hindustan Motors Ambassador price starts from ₹ 4,53,700 in Delhi.

We have considered
Down-payement : ₹ 41,988
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,52,000

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 Ambassador starts from ₹ 4.54 Lakh, you can get a loan with an annual income as low as ₹ 1.52 lakh.

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

• 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.