Chevrolet Tavera Car Loan EMI Calculator

₹ 12,755.
Here is how - Chevrolet Tavera price starts from ₹ 6,92,862 in Ahmedabad. If you pay a down payment of ₹ 63,812 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,755.

The cheapest Tavera model is NY B1 10-Str BS-III which is priced at ₹ 6,92,862 in Ahmedabad. You will need to pay at least a ₹ 63,812 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 Ahmedabad	Max Loan
B1 7-Seater - BS III	₹ 6,86,907	₹ 6,19,131
B1 10-Seater - BS III	₹ 6,75,304	₹ 6,08,551
NY B1 7-Str BS-III	₹ 7,04,507	₹ 6,39,745
NY B1 10-Str BS-III	₹ 6,92,862	₹ 6,29,050
NY B2 7-Str BS-III	₹ 7,96,542	₹ 7,24,270
NY B2 10-Str BS-III	₹ 7,84,897	₹ 7,13,575
Neo LS B3 10-Str BS-III	₹ 8,86,757	₹ 8,04,368
Neo LS - B3 7-Seater - BS III	₹ 8,11,123	₹ 7,37,776
Neo LT L 7-Str BS-III	₹ 10,90,237	₹ 9,91,243
Neo LT L 9-Str BS-III	₹ 9,88,182	₹ 8,97,516
Neo SS D1 7-Str BS-III	₹ 10,77,527	₹ 9,79,570
Neo SS D1 8-Str BS-III	₹ 10,49,979	₹ 9,54,270
Neo LS B4 7-Str BS-III	₹ 8,65,788	₹ 7,87,865
Neo LS B4 7-Captain BS-III	₹ 8,77,433	₹ 7,98,560
Neo 3-10 STR BS-III	₹ 8,81,658	₹ 7,90,438
Neo 3 Max -10 STR BS-III	₹ 9,85,389	₹ 8,85,150
Neo 3 LS- 10 STR BS-III	₹ 10,78,574	₹ 9,70,228
Neo 3 LT- 8 STR BS-III	₹ 12,69,964	₹ 11,12,667
Neo 3-10 STR BS-IV	₹ 7,98,286	₹ 7,25,871
Neo 3 Max -7 STR BS-III	₹ 10,26,457	₹ 8,84,399
Neo 3 Max -10 STR BS-IV	₹ 8,86,303	₹ 8,03,951
Neo 3 Max -7 STR BS-IV	₹ 9,19,796	₹ 8,34,711
Neo 3 LS- 7 STR BS-III	₹ 11,10,959	₹ 10,00,235
Neo 3 LS- 7(C) STR BS-III	₹ 11,23,183	₹ 10,11,396
Neo 3 LS- 10 STR BS-IV	₹ 9,72,497	₹ 8,83,111
Neo 3 LS- 7 STR BS-IV	₹ 10,03,893	₹ 9,11,945
Neo 3 LS- 7(C) STR BS-IV	₹ 10,15,656	₹ 9,22,748
Neo 3 LT- 9 STR BS-III	₹ 12,28,430	₹ 11,07,114
Neo 3 LT- 7(C) STR BS-III	₹ 12,99,462	₹ 11,39,687
Neo 3 LT- 7(C) STR BS-IV	₹ 11,89,747	₹ 10,82,633
Neo 3 LT- 8 STR BS-IV	₹ 11,61,439	₹ 10,56,634
Neo 3 LT- 9 STR BS-IV	₹ 11,12,478	₹ 10,11,669
Neo 3 Max -9 STR BS-III	₹ 9,84,701	₹ 8,84,574
Neo 3-9 STR BS III	₹ 8,81,039	₹ 7,89,925
Neo 3 LS-9 STR-BSIII	₹ 10,77,884	₹ 9,69,656
Base 10 STR	₹ 9,27,471	₹ 8,34,557
Max 10 STR	₹ 10,06,180	₹ 9,06,576
LS 10 STR	₹ 11,19,418	₹ 10,03,304
LS 9 STR	₹ 10,73,182	₹ 9,67,883
LS 7 STR	₹ 10,85,999	₹ 9,79,611
LS 7(C) STR	₹ 11,07,452	₹ 9,92,430
LT 9 STR	₹ 11,96,860	₹ 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 ₹ 10,799 but you will have to pay interest of ₹ 2,78,066 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 ₹ 21,712, but your interest payment will be only ₹ 1,52,582 over the 3 years period.

₹ 12,755
Chevrolet Tavera price starts from ₹ 6,92,862 in Ahmedabad.

We have considered
Down-payement : ₹ 63,812
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 ₹ 2,31,000

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 ₹ 6.93 Lakh, you can get a loan with an annual income as low as ₹ 2.31 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.