Fiat Linea Car Loan EMI Calculator

₹ 14,117.
Here is how - Fiat Linea price starts from ₹ 8,42,214 in Mumbai. If you pay a down payment of ₹ 1,45,970 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,117.

The cheapest Linea model is Active 1.4 which is priced at ₹ 8,42,214 in Mumbai. You will need to pay at least a ₹ 1,45,970 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.

Version	On-road price in Mumbai	Max Loan
Active T-Jet [2014-2016]	₹ 9,46,103	₹ 8,29,149
Dynamic T-Jet [2014-2016]	₹ 10,81,659	₹ 9,49,542
Emotion T-Jet [2014-2016]	₹ 11,51,667	₹ 10,02,813
Active Diesel [2014-2016]	₹ 10,30,442	₹ 8,86,967
Dynamic Diesel [2014-2016]	₹ 11,78,734	₹ 10,07,580
Emotion Diesel [2014-2016]	₹ 12,34,946	₹ 10,56,209
Active 1.4 [2014-2016]	₹ 8,24,698	₹ 7,22,656
Elegante Diesel	₹ 11,90,477	₹ 10,22,064
Active 1.4	₹ 8,42,214	₹ 6,96,244
Emotion T-Jet 1.4	₹ 11,68,491	₹ 9,78,147
Active Multijet 1.3	₹ 10,28,747	₹ 8,42,559
Dynamic Multijet 1.3	₹ 11,11,018	₹ 9,12,409
Emotion Multijet 1.3	₹ 11,80,992	₹ 9,71,818

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 Active 1.4 will be ₹ 13,127 but you will have to pay interest of ₹ 4,06,424 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 ₹ 26,392, but your interest payment will be only ₹ 2,53,868 over the 3 years period.

₹ 14,117
Fiat Linea price starts from ₹ 8,42,214 in Mumbai.

We have considered
Down-payement : ₹ 1,45,970
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,81,000

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 starts from ₹ 8.42 Lakh, you can get a loan with an annual income as low as ₹ 2.81 lakh.

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

• 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.