Citroen eC3 Car Loan EMI Calculator

₹ 26,157.
Here is how - Citroen eC3 price starts from ₹ 13,69,954 in Mumbai. If you pay a down payment of ₹ 79,954 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 26,157.

The cheapest eC3 model is Feel 29.2 kWh which is priced at ₹ 13,69,954 in Mumbai. You will need to pay at least a ₹ 79,954 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 eC3.

Version	On-road price in Mumbai	Max Loan
Feel 29.2 kWh	₹ 13,69,954	₹ 12,90,000
Shine 29.2 kWh	₹ 13,96,097	₹ 13,19,800
Shine 29.2 kWh Vibe Pack	₹ 14,20,430	₹ 13,38,300
Shine 29.2 kWh Dual Tone	₹ 14,11,612	₹ 13,34,800
Shine 29.2 kWh Dual Tone Vibe Pack	₹ 14,36,106	₹ 13,53,300

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 eC3 Feel 29.2 kWh will be ₹ 21,352 but you will have to pay interest of ₹ 5,03,568 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 ₹ 42,929, but your interest payment will be only ₹ 2,55,444 over the 3 years period.

₹ 26,157
Citroen eC3 price starts from ₹ 13,69,954 in Mumbai.

We have considered
Down-payement : ₹ 79,954
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy eC3 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,57,000

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 eC3 starts from ₹ 13.70 Lakh, you can get a loan with an annual income as low as ₹ 4.57 lakh.

Here are the most important things you should consider while getting a car loan for a new eC3

• 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.