Chevrolet Sail Hatchback Car Loan EMI Calculator

₹ 9,924.
Here is how - Chevrolet Sail Hatchback price starts from ₹ 5,91,814 in Bangalore. If you pay a down payment of ₹ 1,02,393 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,924.

The cheapest Sail Hatchback model is 1.2 Base which is priced at ₹ 5,91,814 in Bangalore. You will need to pay at least a ₹ 1,02,393 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 Bangalore	Max Loan
1.2 Base	₹ 5,91,814	₹ 4,89,421
1.2 LS	₹ 6,60,158	₹ 5,40,932
1.2 LS ABS	₹ 6,88,619	₹ 5,64,804
1.2 LT ABS	₹ 7,75,318	₹ 6,37,526
1.3 Base	₹ 7,34,402	₹ 6,03,207
1.3 LS	₹ 7,99,767	₹ 6,58,034
1.3 LS ABS	₹ 8,19,451	₹ 6,74,544
1.3 LT ABS	₹ 9,22,684	₹ 7,61,135

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 ₹ 9,224 but you will have to pay interest of ₹ 2,85,395 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 ₹ 18,545, but your interest payment will be only ₹ 1,78,199 over the 3 years period.

₹ 9,924
Chevrolet Sail Hatchback price starts from ₹ 5,91,814 in Bangalore.

We have considered
Down-payement : ₹ 1,02,393
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.