Chevrolet Optra [2005-2007] Car Loan EMI Calculator
Chevrolet Optra [2005-2007] EMI starts at 16,842 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 0.90 Lakh. Chevrolet Optra [2005-2007] price starts at ₹ 9.21 Lakh and goes up to ₹ 10.78 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Variant
Elite 1.6
City
Mumbai
Adjust Optra [2005-2007] Car Loan Parameters
On-Road Price
₹ 9,20,517₹ 16,842 for 5 Years
Chevrolet Optra [2005-2007] Loan Repayment Schedule
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
Months | Principal Paid | Interest Paid | Balance Loan |
---|---|---|---|
12 | ₹ 1,40,746 | ₹ 61,358 | ₹ 6,89,884 |
24 | ₹ 1,52,428 | ₹ 49,676 | ₹ 5,37,456 |
36 | ₹ 1,65,079 | ₹ 37,025 | ₹ 3,72,377 |
48 | ₹ 1,78,782 | ₹ 23,322 | ₹ 1,93,595 |
60 | ₹ 1,93,595 | ₹ 8,485 | ₹ 0 |
Chevrolet Optra [2005-2007] EMI
Chevrolet Optra [2005-2007] Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 89,887
On-Road Price in Mumbai | Min Down Payment | EMI |
---|---|---|
LT Royale 1.6 ₹ 10,77,800 | ₹1,04,014 | ₹19,745 |
Elite 1.6 ₹ 9,20,517 | ₹89,887 | ₹16,842 |
LS Elite 1.6 ₹ 9,66,194 | ₹75,752 | ₹18,055 |
Max 1.8 ₹ 0 | ₹0 | ₹0 |
Platinum 1.6 ₹ 9,54,444 | ₹92,935 | ₹17,468 |
CNG ₹ 0 | ₹0 | ₹0 |
LS AT 1.8 ₹ 0 | ₹0 | ₹0 |
LT 1.8 ₹ 0 | ₹0 | ₹0 |
LT AT 1.8 ₹ 0 | ₹0 | ₹0 |
Check Car Loan EMIs of Chevrolet Optra [2005-2007] Similar Cars
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Explore more about Chevrolet Optra [2005-2007]
Optra [2005-2007] EMI FAQs
Here is how - Chevrolet Optra [2005-2007] price starts from ₹ 9,20,517 in Mumbai. If you pay a down payment of ₹ 89,887 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,842.
Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.
Version | On-road price in Mumbai | Max Loan |
---|---|---|
LT Royale 1.6 | ₹ 10,77,800 | ₹ 9,73,786 |
Elite 1.6 | ₹ 9,20,517 | ₹ 8,30,630 |
LS Elite 1.6 | ₹ 9,66,194 | ₹ 8,90,442 |
Platinum 1.6 | ₹ 9,54,444 | ₹ 8,61,509 |
As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.
- 1. If you select a higher tenure loan, let's say 7 years, your EMI for Optra [2005-2007] Elite 1.6 will be ₹ 14,347 but you will have to pay interest of ₹ 3,74,518 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 ₹ 28,846, but your interest payment will be only ₹ 2,07,826 over the 3 years period.