Toyota Innova [2009-2012] Car Loan EMI Calculator

₹ 15,368.
Here is how - Toyota Innova [2009-2012] price starts from ₹ 7,57,907 in Kolkata. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,368.

Here is a model wise list of max loan amount for Innova [2009-2012].

Version	On-road price in Kolkata	Max Loan
2.5 GX 8 STR	₹ 11,86,140	₹ 10,79,380
2.5 GX 7 STR	₹ 11,81,895	₹ 10,75,285
2.5 VX 7 STR	₹ 13,75,256	₹ 12,61,805
2.5 VX 8 STR	₹ 11,81,895	₹ 10,75,285
2.0 VX 8 STR	₹ 13,08,155	₹ 12,09,570
2.0 GX 8 STR	₹ 11,15,473	₹ 10,23,705
2.5 EV CS 7 STR BS-IV	₹ 10,16,149	₹ 9,15,404
2.0 G1 BS-IV	₹ 10,18,793	₹ 9,30,446
2.0 GX 8 STR BS-IV	₹ 11,31,273	₹ 10,38,946
2.0 VX 8 STR BS-IV	₹ 13,26,807	₹ 12,27,562
2.5 EV MS 7 STR BS-IV	₹ 9,72,291	₹ 8,85,155
2.5 EV MS 8 STR BS-IV	₹ 9,68,045	₹ 8,81,059
2.5 EV PS 7 STR BS-IV	₹ 10,26,818	₹ 9,37,753
2.5 EV PS 8 STR BS-IV	₹ 10,22,572	₹ 9,33,657
2.5 G1 BS-IV	₹ 10,91,546	₹ 9,88,133
2.5 GX 7 STR BS-IV	₹ 12,07,812	₹ 11,00,285
2.5 GX 8 STR BS-IV	₹ 12,12,057	₹ 11,04,380
2.5 VX 7 STR BS-IV	₹ 14,01,173	₹ 12,86,805
2.5 VX 8 STR BS-IV	₹ 14,05,418	₹ 12,90,900
Crysta 2.5 VX BS-IV	₹ 14,38,635	₹ 13,22,941
Crysta 2.5 VX BS-III	₹ 14,12,718	₹ 12,97,941

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 [2009-2012] 2.5 E 8 STR will be ₹ 11,813 but you will have to pay interest of ₹ 2,34,385 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 ₹ 23,750, but your interest payment will be only ₹ 97,093 over the 3 years period.

₹ 15,368
Toyota Innova [2009-2012] price starts from ₹ 7,57,907 in Kolkata.

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

You will need to fulfill the following 2 criteria to buy Innova [2009-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,53,000

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 [2009-2012] starts from ₹ 7.58 Lakh, you can get a loan with an annual income as low as ₹ 2.53 lakh.

Here are the most important things you should consider while getting a car loan for a new Innova [2009-2012]

• 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.