Toyota Innova [2005-2009] Car Loan EMI Calculator

₹ 13,841.
Here is how - Toyota Innova [2005-2009] price starts from ₹ 6,82,605 in Bangalore. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,841.

Here is a model wise list of max loan amount for Innova [2005-2009].

Version	On-road price in Bangalore	Max Loan
2.0 G1	₹ 10,74,692	₹ 9,02,887
2.0 V	₹ 12,24,026	₹ 10,10,514
2.5 V 8 STR	₹ 13,01,049	₹ 10,74,542
2.5 G1	₹ 11,52,782	₹ 9,69,011
2.5 G4 8 STR	₹ 10,94,707	₹ 9,28,484
2.5 G4 7 STR	₹ 10,90,181	₹ 9,24,615
2.5 V 7 STR	₹ 12,97,558	₹ 10,71,640
2.0 G4	₹ 10,11,875	₹ 8,57,685
2.5 EV MS 8 STR	₹ 10,26,027	₹ 8,61,679
2.5 EV MS 7 STR	₹ 10,30,884	₹ 8,65,792
2.5 EV PS 7 STR	₹ 10,93,284	₹ 9,18,631
2.5 EV PS 8 STR	₹ 10,88,426	₹ 9,14,517

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 Innova [2005-2009] 2.0 E will be ₹ 10,639 but you will have to pay interest of ₹ 2,11,071 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 ₹ 21,390, but your interest payment will be only ₹ 87,435 over the 3 years period.

₹ 13,841
Toyota Innova [2005-2009] price starts from ₹ 6,82,605 in Bangalore.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Innova [2005-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,28,000

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 Innova [2005-2009] starts from ₹ 6.83 Lakh, you can get a loan with an annual income as low as ₹ 2.28 lakh.

Here are the most important things you should consider while getting a car loan for a new Innova [2005-2009]

• 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.