Fiat Punto [2009-2011] Car Loan EMI Calculator

₹ 9,030.
Here is how - Fiat Punto [2009-2011] price starts from ₹ 4,96,596 in Mumbai. If you pay a down payment of ₹ 51,272 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,030.

The cheapest Punto [2009-2011] model is Active 1.2 which is priced at ₹ 4,96,596 in Mumbai. You will need to pay at least a ₹ 51,272 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 Punto [2009-2011].

Version	On-road price in Mumbai	Max Loan
Active 1.2	₹ 4,96,596	₹ 4,45,324
Dynamic 1.4	₹ 5,74,459	₹ 5,13,548
Emotion 1.4	₹ 6,26,617	₹ 5,61,632
Emotion Pack 1.4	₹ 6,93,720	₹ 6,22,359
Active 1.3	₹ 5,95,909	₹ 5,33,842
Dynamic 1.3	₹ 6,34,580	₹ 5,68,838
Emotion 1.3	₹ 6,83,484	₹ 6,13,095
Emotion Pack 1.3	₹ 7,47,176	₹ 6,70,735
Emotion 1.2	₹ 5,68,609	₹ 5,09,136
Dynamic 1.2	₹ 5,31,852	₹ 4,77,230

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 Punto [2009-2011] Active 1.2 will be ₹ 7,740 but you will have to pay interest of ₹ 2,04,836 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 ₹ 15,562, but your interest payment will be only ₹ 1,14,908 over the 3 years period.

₹ 9,030
Fiat Punto [2009-2011] price starts from ₹ 4,96,596 in Mumbai.

We have considered
Down-payement : ₹ 51,272
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Punto [2009-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,66,000

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 Punto [2009-2011] starts from ₹ 4.97 Lakh, you can get a loan with an annual income as low as ₹ 1.66 lakh.

Here are the most important things you should consider while getting a car loan for a new Punto [2009-2011]

• 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.