Chevrolet Tavera Car Loan EMI Calculator

₹ 13,643.
Here is how - Chevrolet Tavera price starts from ₹ 7,44,764 in Mumbai. If you pay a down payment of ₹ 71,911 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,643.

The cheapest Tavera model is NY B1 10-Str BS-III which is priced at ₹ 7,44,764 in Mumbai. You will need to pay at least a ₹ 71,911 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 Tavera.

Version	On-road price in Mumbai	Max Loan
Elite LS - B3 7-Seater - BS III	₹ 8,27,930	₹ 7,48,693
Elite LS - B3 10-Seater - BS III	₹ 8,27,429	₹ 7,48,236
Elite LT - L1 7-Seater - BS III	₹ 9,31,877	₹ 8,43,484
Elite LT - L1 9-Seater - BS III	₹ 9,31,877	₹ 8,43,484
Elite LT - L2 - BS III	₹ 9,86,214	₹ 8,93,035
Elite SS - D1 - BS III	₹ 10,63,256	₹ 9,63,291
NY Elite SS - D1 - BS III	₹ 10,63,256	₹ 9,63,291
NY Elite LT - L2 - BS III	₹ 9,86,214	₹ 8,93,035
NY Elite LT - L1 9-Seater - BS III	₹ 9,31,877	₹ 8,43,484
NY Elite LT - L1 7-Seater - BS III	₹ 9,31,877	₹ 8,43,484
NY Elite LS - B3 7-Seater - BS III	₹ 8,38,368	₹ 7,58,212
NY Elite LS - B3 10-Seater - BS III	₹ 8,35,815	₹ 7,55,884
NY B1 7-Str BS-III	₹ 7,58,392	₹ 6,85,280
NY B1 10-Str BS-III	₹ 7,44,764	₹ 6,72,853
NY B2 7-Str BS-III	₹ 8,53,207	₹ 7,71,744
NY B2 10-Str BS-III	₹ 8,39,581	₹ 7,59,318
Neo LS B3 10-Str BS-III	₹ 9,39,697	₹ 8,50,615
Neo LS - B3 7-Seater - BS III	₹ 8,52,387	₹ 7,70,996
Neo LT L 7-Str BS-III	₹ 11,70,387	₹ 10,51,397
Neo LT L 9-Str BS-III	₹ 10,61,490	₹ 9,61,680
Neo SS D1 7-Str BS-III	₹ 11,56,710	₹ 10,39,038
Neo SS D1 8-Str BS-III	₹ 11,27,866	₹ 10,12,972
Neo LS B4 7-Str BS-III	₹ 9,15,161	₹ 8,28,240
Neo LS B4 7-Captain BS-III	₹ 9,27,865	₹ 8,39,825
Neo 3-10 STR BS-III	₹ 9,76,569	₹ 8,44,536
Neo 3 Max -10 STR BS-III	₹ 10,88,235	₹ 9,42,225
Neo 3 LS- 10 STR BS-III	₹ 11,96,616	₹ 10,28,047
Neo 3 LT- 8 STR BS-III	₹ 13,66,418	₹ 11,79,120
Neo 3-10 STR BS-IV	₹ 8,87,887	₹ 7,75,096
Neo 3 Max -7 STR BS-III	₹ 10,81,378	₹ 9,40,042
Neo 3 Max -10 STR BS-IV	₹ 9,78,374	₹ 8,54,708
Neo 3 Max -7 STR BS-IV	₹ 10,16,589	₹ 8,88,331
Neo 3 LS- 7 STR BS-III	₹ 12,26,913	₹ 10,54,322
Neo 3 LS- 7(C) STR BS-III	₹ 12,40,251	₹ 10,65,889
Neo 3 LS- 10 STR BS-IV	₹ 10,85,743	₹ 9,33,549
Neo 3 LS- 7 STR BS-IV	₹ 11,14,508	₹ 9,58,627
Neo 3 LS- 7(C) STR BS-IV	₹ 11,27,929	₹ 9,70,220
Neo 3 LT- 9 STR BS-III	₹ 13,66,704	₹ 11,75,555
Neo 3 LT- 7(C) STR BS-III	₹ 13,98,570	₹ 12,07,007
Neo 3 LT- 7(C) STR BS-IV	₹ 13,44,034	₹ 11,48,166
Neo 3 LT- 8 STR BS-IV	₹ 13,12,851	₹ 11,21,269
Neo 3 LT- 9 STR BS-IV	₹ 12,35,721	₹ 10,71,699
Neo 3 Max -9 STR BS-III	₹ 10,87,524	₹ 9,41,604
Neo 3-9 STR BS III	₹ 9,75,935	₹ 8,43,981
Neo 3 LS-9 STR-BSIII	₹ 11,95,837	₹ 10,27,371
Base 10 STR	₹ 9,82,761	₹ 8,34,557
Max 10 STR	₹ 10,66,587	₹ 9,06,576
LS 10 STR	₹ 12,05,421	₹ 10,03,304
LS 9 STR	₹ 11,37,945	₹ 9,67,883
LS 7 STR	₹ 12,85,044	₹ 10,62,105
LS 7(C) STR	₹ 11,82,649	₹ 9,92,430
LT 9 STR	₹ 12,88,566	₹ 10,73,681

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 Tavera NY B1 10-Str BS-III will be ₹ 11,608 but you will have to pay interest of ₹ 3,02,219 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 ₹ 23,338, but your interest payment will be only ₹ 1,67,315 over the 3 years period.

₹ 13,643
Chevrolet Tavera price starts from ₹ 7,44,764 in Mumbai.

We have considered
Down-payement : ₹ 71,911
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,49,000

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 Tavera starts from ₹ 7.45 Lakh, you can get a loan with an annual income as low as ₹ 2.49 lakh.

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

• 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.