Toyota Innova Hycross Car Loan EMI Calculator

₹ 40,086.
Here is how - Toyota Innova Hycross price starts from ₹ 19,77,000 in Kra Daadi. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 40,086.

Here is a model wise list of max loan amount for Innova Hycross.

Version	On-road price in Kra Daadi	Max Loan
VX Hybrid 7 STR	₹ 28,95,596	₹ 25,97,000
VX Hybrid 8 STR	₹ 29,01,083	₹ 26,02,000
ZX Hybrid 7 STR	₹ 33,88,192	₹ 30,34,000
ZX (O) Hybrid 7 STR	₹ 34,58,431	₹ 30,98,000
VX (O) Hybrid 7 STR	₹ 31,11,798	₹ 27,94,000
VX (O) Hybrid 8 STR	₹ 31,17,286	₹ 27,99,000
GX (O) 7 STR	₹ 23,64,418	₹ 21,13,000
GX (O) 8 STR	₹ 23,49,053	₹ 20,99,000

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 Hycross GX 7 STR will be ₹ 30,814 but you will have to pay interest of ₹ 6,11,376 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 ₹ 61,952, but your interest payment will be only ₹ 2,53,272 over the 3 years period.

₹ 40,086
Toyota Innova Hycross price starts from ₹ 19,77,000 in Kra Daadi.

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

You will need to fulfill the following 2 criteria to buy Innova Hycross with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,59,000

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 Hycross starts from ₹ 19.77 Lakh, you can get a loan with an annual income as low as ₹ 6.59 lakh.

Here are the most important things you should consider while getting a car loan for a new Innova Hycross

• 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.