Nissan Evalia [2014-2016] Car Loan EMI Calculator

₹ 18,941.
Here is how - Nissan Evalia [2014-2016] price starts from ₹ 10,36,178 in Rajkot. If you pay a down payment of ₹ 1,02,048 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,941.

The cheapest Evalia [2014-2016] model is XE which is priced at ₹ 10,36,178 in Rajkot. You will need to pay at least a ₹ 1,02,048 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 [2014-2016].

Version	On-road price in Rajkot	Max Loan
XV	₹ 12,67,404	₹ 11,46,828
XE	₹ 10,36,178	₹ 9,34,130
XE +	₹ 10,95,945	₹ 9,89,108
XL	₹ 11,88,929	₹ 10,74,641
XL (O)	₹ 12,18,124	₹ 11,01,497
XV (O)	₹ 12,96,596	₹ 11,73,681
SV	₹ 13,69,030	₹ 12,49,510

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 [2014-2016] XE will be ₹ 16,150 but you will have to pay interest of ₹ 4,22,470 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 ₹ 32,470, but your interest payment will be only ₹ 2,34,790 over the 3 years period.

₹ 18,941
Nissan Evalia [2014-2016] price starts from ₹ 10,36,178 in Rajkot.

We have considered
Down-payement : ₹ 1,02,048
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Evalia [2014-2016] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,46,000

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 [2014-2016] starts from ₹ 10.36 Lakh, you can get a loan with an annual income as low as ₹ 3.46 lakh.

Here are the most important things you should consider while getting a car loan for a new Evalia [2014-2016]

• 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.