Fiat Palio Stile [2007-2011] Car Loan EMI Calculator

₹ 7,129.
Here is how - Fiat Palio Stile [2007-2011] price starts from ₹ 3,96,754 in Mumbai. If you pay a down payment of ₹ 45,162 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,129.

The cheapest Palio Stile [2007-2011] model is SL 1.1 which is priced at ₹ 3,96,754 in Mumbai. You will need to pay at least a ₹ 45,162 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 Palio Stile [2007-2011].

Version	On-road price in Mumbai	Max Loan
SL 1.1	₹ 3,96,754	₹ 3,51,592
SLE 1.1	₹ 4,16,392	₹ 3,69,353
SLX 1.1	₹ 4,35,386	₹ 3,86,532
Sport 1.6	₹ 5,23,033	₹ 4,63,362
SD 1.3	₹ 5,08,533	₹ 4,52,689
SDE 1.3	₹ 5,30,925	₹ 4,72,940
SDX 1.3	₹ 5,53,316	₹ 4,93,192

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 Palio Stile [2007-2011] SL 1.1 will be ₹ 6,184 but you will have to pay interest of ₹ 1,67,864 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 ₹ 12,433, but your interest payment will be only ₹ 95,996 over the 3 years period.

₹ 7,129
Fiat Palio Stile [2007-2011] price starts from ₹ 3,96,754 in Mumbai.

We have considered
Down-payement : ₹ 45,162
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Palio Stile [2007-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,33,000

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 Palio Stile [2007-2011] starts from ₹ 3.97 Lakh, you can get a loan with an annual income as low as ₹ 1.33 lakh.

Here are the most important things you should consider while getting a car loan for a new Palio Stile [2007-2011]

• 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.