Tata Indigo eCS [2013-2018] Car Loan EMI Calculator

₹ 10,400.
Here is how - Tata Indigo eCS [2013-2018] price starts from ₹ 6,18,689 in Bangalore. If you pay a down payment of ₹ 1,05,789 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,400.

The cheapest Indigo eCS [2013-2018] model is GLS which is priced at ₹ 6,18,689 in Bangalore. You will need to pay at least a ₹ 1,05,789 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 Indigo eCS [2013-2018].

Version	On-road price in Bangalore	Max Loan
LS CR4 BS-IV	₹ 7,33,658	₹ 6,03,607
LX CR4 BS-IV	₹ 7,55,129	₹ 6,21,623
GLX	₹ 6,31,755	₹ 5,20,332
LS TDI BS-III	₹ 7,04,969	₹ 5,85,328
LX TDI BS-III	₹ 7,34,430	₹ 6,10,059
VX CR4 BS-IV	₹ 7,43,935	₹ 6,17,848
GVX	₹ 6,66,295	₹ 5,49,355
GLS	₹ 6,18,689	₹ 5,12,900
GLS eMAX	₹ 6,16,641	₹ 5,12,864
GLX eMAX	₹ 6,52,979	₹ 5,43,384

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 Indigo eCS [2013-2018] GLS will be ₹ 9,643 but you will have to pay interest of ₹ 2,97,112 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 ₹ 19,387, but your interest payment will be only ₹ 1,85,032 over the 3 years period.

₹ 10,400
Tata Indigo eCS [2013-2018] price starts from ₹ 6,18,689 in Bangalore.

We have considered
Down-payement : ₹ 1,05,789
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indigo eCS [2013-2018] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,07,000

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 Indigo eCS [2013-2018] starts from ₹ 6.19 Lakh, you can get a loan with an annual income as low as ₹ 2.07 lakh.

Here are the most important things you should consider while getting a car loan for a new Indigo eCS [2013-2018]

• 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.