Fiat Linea [2008-2011] Car Loan EMI Calculator

₹ 13,949.
Here is how - Fiat Linea [2008-2011] price starts from ₹ 7,67,999 in Mumbai. If you pay a down payment of ₹ 80,063 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,949.

The cheapest Linea [2008-2011] model is Dynamic Pk 1.4 which is priced at ₹ 7,67,999 in Mumbai. You will need to pay at least a ₹ 80,063 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 Linea [2008-2011].

Version	On-road price in Mumbai	Max Loan
Active 1.4	₹ 7,94,374	₹ 7,13,448
Dynamic 1.4	₹ 9,09,576	₹ 8,14,987
Dynamic Pk 1.4	₹ 7,67,999	₹ 6,87,936
Emotion 1.4	₹ 8,49,458	₹ 7,63,297
Emotion Pk 1.4	₹ 8,84,715	₹ 7,95,204
Active 1.3 MJD	₹ 8,52,868	₹ 7,66,383
Dynamic 1.3 MJD	₹ 8,86,989	₹ 7,97,262
Dynamic Pk 1.3 MJD	₹ 8,69,162	₹ 7,79,536
Emotion 1.3 MJD	₹ 9,42,309	₹ 8,44,609
Emotion Pk 1.3 MJD	₹ 10,06,003	₹ 9,02,251
T-Jet	₹ 9,92,917	₹ 8,74,579
T-Jet Plus	₹ 10,49,614	₹ 9,24,976

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 Linea [2008-2011] Dynamic Pk 1.4 will be ₹ 11,970 but you will have to pay interest of ₹ 3,17,544 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 ₹ 24,066, but your interest payment will be only ₹ 1,78,440 over the 3 years period.

₹ 13,949
Fiat Linea [2008-2011] price starts from ₹ 7,67,999 in Mumbai.

We have considered
Down-payement : ₹ 80,063
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Linea [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,56,000

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 Linea [2008-2011] starts from ₹ 7.68 Lakh, you can get a loan with an annual income as low as ₹ 2.56 lakh.

Here are the most important things you should consider while getting a car loan for a new Linea [2008-2011]

• 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.