BYD Seal Car Loan EMI Calculator

₹ 83,133.
Here is how - BYD Seal price starts from ₹ 43,31,726 in Mumbai. If you pay a down payment of ₹ 2,31,726 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 83,133.

The cheapest Seal model is Dynamic which is priced at ₹ 43,31,726 in Mumbai. You will need to pay at least a ₹ 2,31,726 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 Seal.

Version	On-road price in Mumbai	Max Loan
Dynamic	₹ 43,31,726	₹ 41,00,000
Premium	₹ 48,30,852	₹ 45,55,000
Performance	₹ 56,12,031	₹ 53,00,000

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 Seal Dynamic will be ₹ 67,515 but you will have to pay interest of ₹ 15,71,260 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 ₹ 1,35,741, but your interest payment will be only ₹ 7,86,676 over the 3 years period.

₹ 83,133
BYD Seal price starts from ₹ 43,31,726 in Mumbai.

We have considered
Down-payement : ₹ 2,31,726
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 14,44,000

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 Seal starts from ₹ 43.32 Lakh, you can get a loan with an annual income as low as ₹ 14.44 lakh.

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

• 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.