Chevrolet Tavera Car Loan EMI Calculator

₹ 12,996.
Here is how - Chevrolet Tavera price starts from ₹ 7,71,067 in Bangalore. If you pay a down payment of ₹ 1,30,132 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,996.

The cheapest Tavera model is NY B1 10-Str BS-III which is priced at ₹ 7,71,067 in Bangalore. You will need to pay at least a ₹ 1,30,132 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 Bangalore	Max Loan
B1 7-Seater - BS III	₹ 7,51,515	₹ 6,30,338
B1 10-Seater - BS III	₹ 7,37,978	₹ 6,18,863
NY B1 7-Str BS-III	₹ 7,85,256	₹ 6,52,852
NY B1 10-Str BS-III	₹ 7,71,067	₹ 6,40,935
NY B2 7-Str BS-III	₹ 8,82,424	₹ 7,34,459
NY B2 10-Str BS-III	₹ 8,68,233	₹ 7,22,541
Neo LS B3 10-Str BS-III	₹ 9,80,852	₹ 8,17,125
Neo LS - B3 7-Seater - BS III	₹ 8,78,390	₹ 7,37,888
Neo LT L 7-Str BS-III	₹ 12,44,436	₹ 10,10,491
Neo LT L 9-Str BS-III	₹ 11,13,285	₹ 9,28,349
Neo SS D1 7-Str BS-III	₹ 11,96,899	₹ 9,98,573
Neo SS D1 8-Str BS-III	₹ 11,67,168	₹ 9,73,603
Neo LS B4 7-Str BS-III	₹ 9,53,373	₹ 7,94,046
Neo LS B4 7-Captain BS-III	₹ 9,66,617	₹ 8,05,169
Neo 3-10 STR BS-III	₹ 9,72,112	₹ 8,05,137
Neo 3 Max -10 STR BS-III	₹ 10,82,109	₹ 8,97,398
Neo 3 LS- 10 STR BS-III	₹ 11,84,928	₹ 9,83,639
Neo 3 LT- 8 STR BS-III	₹ 14,16,438	₹ 11,43,556
Neo 3-10 STR BS-IV	₹ 8,96,315	₹ 7,45,249
Neo 3 Max -7 STR BS-III	₹ 10,92,269	₹ 9,03,562
Neo 3 Max -10 STR BS-IV	₹ 9,86,331	₹ 8,20,761
Neo 3 Max -7 STR BS-IV	₹ 10,25,053	₹ 8,53,244
Neo 3 LS- 7 STR BS-III	₹ 12,51,011	₹ 10,10,834
Neo 3 LS- 7(C) STR BS-III	₹ 12,65,040	₹ 10,22,281
Neo 3 LS- 10 STR BS-IV	₹ 10,81,892	₹ 9,00,924
Neo 3 LS- 7 STR BS-IV	₹ 11,13,081	₹ 9,27,088
Neo 3 LS- 7(C) STR BS-IV	₹ 11,26,456	₹ 9,38,308
Neo 3 LT- 9 STR BS-III	₹ 13,97,033	₹ 11,29,984
Neo 3 LT- 7(C) STR BS-III	₹ 14,49,580	₹ 11,70,602
Neo 3 LT- 7(C) STR BS-IV	₹ 13,71,804	₹ 11,13,031
Neo 3 LT- 8 STR BS-IV	₹ 13,39,906	₹ 10,87,000
Neo 3 LT- 9 STR BS-IV	₹ 12,80,962	₹ 10,38,897
Neo 3 Max -9 STR BS-III	₹ 10,81,405	₹ 8,96,808
Neo 3-9 STR BS III	₹ 9,71,483	₹ 8,04,609
Neo 3 LS-9 STR-BSIII	₹ 11,84,158	₹ 9,82,993
Base 10 STR	₹ 10,08,177	₹ 8,34,557
Max 10 STR	₹ 10,94,110	₹ 9,06,576
LS 10 STR	₹ 12,50,460	₹ 10,03,304
LS 9 STR	₹ 11,67,261	₹ 9,67,883
LS 7 STR	₹ 11,81,255	₹ 9,79,611
LS 7(C) STR	₹ 11,96,551	₹ 9,92,430
LT 9 STR	₹ 13,37,305	₹ 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 ₹ 12,018 but you will have to pay interest of ₹ 3,68,577 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 ₹ 24,162, but your interest payment will be only ₹ 2,28,897 over the 3 years period.

₹ 12,996
Chevrolet Tavera price starts from ₹ 7,71,067 in Bangalore.

We have considered
Down-payement : ₹ 1,30,132
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 ₹ 2,58,000

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 ₹ 7.71 Lakh, you can get a loan with an annual income as low as ₹ 2.58 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.