Nissan Evalia [2012-2014] Car Loan EMI Calculator

₹ 17,977.
Here is how - Nissan Evalia [2012-2014] price starts from ₹ 9,76,047 in Kolkata. If you pay a down payment of ₹ 89,442 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,977.

The cheapest Evalia [2012-2014] model is XE which is priced at ₹ 9,76,047 in Kolkata. You will need to pay at least a ₹ 89,442 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 Evalia [2012-2014].

Version	On-road price in Kolkata	Max Loan
XV	₹ 11,95,983	₹ 10,88,373
XE	₹ 9,76,047	₹ 8,86,605
XE+	₹ 10,32,895	₹ 9,38,757
XL	₹ 11,21,340	₹ 10,19,896
XL (O)	₹ 11,49,107	₹ 10,45,370
XV (O)	₹ 12,23,750	₹ 11,13,846

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 Evalia [2012-2014] XE will be ₹ 15,213 but you will have to pay interest of ₹ 3,91,287 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 ₹ 30,586, but your interest payment will be only ₹ 2,14,491 over the 3 years period.

₹ 17,977
Nissan Evalia [2012-2014] price starts from ₹ 9,76,047 in Kolkata.

We have considered
Down-payement : ₹ 89,442
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Evalia [2012-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,26,000

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 Evalia [2012-2014] starts from ₹ 9.76 Lakh, you can get a loan with an annual income as low as ₹ 3.26 lakh.

Here are the most important things you should consider while getting a car loan for a new Evalia [2012-2014]

• 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.