Datsun redi-GO Car Loan EMI Calculator

₹ 7,782.
Here is how - Datsun redi-GO price starts from ₹ 4,44,728 in Lucknow. If you pay a down payment of ₹ 60,928 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,782.

The cheapest redi-GO model is D which is priced at ₹ 4,44,728 in Lucknow. You will need to pay at least a ₹ 60,928 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 redi-GO.

Version	On-road price in Lucknow	Max Loan
D	₹ 4,44,728	₹ 3,83,800
A	₹ 4,60,419	₹ 3,97,800
T	₹ 4,91,801	₹ 4,25,800
T(O)	₹ 5,22,959	₹ 4,53,600
T(O) 1.0	₹ 5,46,383	₹ 4,74,500
T(O) 1.0 AMT	₹ 5,70,031	₹ 4,95,600

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 redi-GO D will be ₹ 6,932 but you will have to pay interest of ₹ 1,98,488 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 ₹ 13,936, but your interest payment will be only ₹ 1,17,896 over the 3 years period.

₹ 7,782
Datsun redi-GO price starts from ₹ 4,44,728 in Lucknow.

We have considered
Down-payement : ₹ 60,928
Tenure : 5 years
Interest Rate : 8%

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

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

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 redi-GO starts from ₹ 4.45 Lakh, you can get a loan with an annual income as low as ₹ 1.49 lakh.

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