Datsun GO Car Loan EMI Calculator

₹ 8,167.
Here is how - Datsun GO price starts from ₹ 4,79,930 in Mumbai. If you pay a down payment of ₹ 77,152 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,167.

The cheapest GO model is D which is priced at ₹ 4,79,930 in Mumbai. You will need to pay at least a ₹ 77,152 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 GO.

Version	On-road price in Mumbai	Max Loan
D [2018-2020]	₹ 4,46,470	₹ 3,74,990
A [2018-2020]	₹ 5,55,416	₹ 4,69,990
A(O) [2018-2020]	₹ 5,89,821	₹ 4,99,990
T [2018-2019]	₹ 5,53,397	₹ 4,68,229
T(O) [2018-2019]	₹ 5,94,190	₹ 5,02,492
T W/VDC	₹ 6,23,974	₹ 5,28,464
T (O) W/VDC	₹ 6,52,130	₹ 5,53,015
T CVT [2019-2020]	₹ 6,99,663	₹ 5,94,464
T(O) CVT [2019-2020]	₹ 7,26,672	₹ 6,18,015
D	₹ 4,79,930	₹ 4,02,778
A	₹ 5,91,124	₹ 4,99,738
A(O)	₹ 6,38,955	₹ 5,40,138
T	₹ 6,79,494	₹ 5,75,488
T(O)	₹ 7,02,660	₹ 5,95,688
T CVT	₹ 7,43,199	₹ 6,31,038
T(O) CVT	₹ 7,66,364	₹ 6,51,238

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 GO D will be ₹ 7,480 but you will have to pay interest of ₹ 2,25,542 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 ₹ 15,039, but your interest payment will be only ₹ 1,38,626 over the 3 years period.

₹ 8,167
Datsun GO price starts from ₹ 4,79,930 in Mumbai.

We have considered
Down-payement : ₹ 77,152
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,60,000

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 GO starts from ₹ 4.80 Lakh, you can get a loan with an annual income as low as ₹ 1.60 lakh.

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

• 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.