Chevrolet Sail Hatchback Car Loan EMI Calculator

₹ 10,331.
Here is how - Chevrolet Sail Hatchback price starts from ₹ 5,92,078 in Mumbai. If you pay a down payment of ₹ 82,556 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,331.

The cheapest Sail Hatchback model is 1.2 Base which is priced at ₹ 5,92,078 in Mumbai. You will need to pay at least a ₹ 82,556 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 Sail Hatchback.

Version	On-road price in Mumbai	Max Loan
1.2 Base	₹ 5,92,078	₹ 5,09,522
1.2 LS	₹ 6,53,435	₹ 5,63,024
1.2 LS ABS	₹ 6,81,930	₹ 5,87,871
1.2 LT ABS	₹ 7,37,555	₹ 6,25,058
1.3 Base	₹ 7,40,502	₹ 6,27,994
1.3 LS	₹ 8,06,927	₹ 6,84,923
1.3 LS ABS	₹ 8,26,979	₹ 7,02,108
1.3 LT ABS	₹ 8,86,137	₹ 7,54,488

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 Sail Hatchback 1.2 Base will be ₹ 9,228 but you will have to pay interest of ₹ 2,65,630 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 ₹ 18,554, but your interest payment will be only ₹ 1,58,422 over the 3 years period.

₹ 10,331
Chevrolet Sail Hatchback price starts from ₹ 5,92,078 in Mumbai.

We have considered
Down-payement : ₹ 82,556
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,98,000

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 Sail Hatchback starts from ₹ 5.92 Lakh, you can get a loan with an annual income as low as ₹ 1.98 lakh.

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

• 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.