Fiat Punto [2011-2014] Car Loan EMI Calculator

₹ 10,405.
Here is how - Fiat Punto [2011-2014] price starts from ₹ 5,91,047 in Mumbai. If you pay a down payment of ₹ 77,867 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,405.

The cheapest Punto [2011-2014] model is Active 1.2 which is priced at ₹ 5,91,047 in Mumbai. You will need to pay at least a ₹ 77,867 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 [2011-2014].

Version	On-road price in Mumbai	Max Loan
Emotion 90HP	₹ 8,70,094	₹ 7,50,287
Active 1.2	₹ 5,91,047	₹ 5,13,180
Dynamic 1.2	₹ 6,18,199	₹ 5,37,314
Emotion 1.4	₹ 7,95,917	₹ 6,95,279
Active 1.3	₹ 6,82,080	₹ 5,83,718
Dynamic 1.3	₹ 7,58,472	₹ 6,50,433
Emotion 1.3	₹ 8,30,100	₹ 7,12,988
Sport 1.3	₹ 8,74,802	₹ 7,58,766
Sport	₹ 8,74,218	₹ 7,51,517

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 [2011-2014] Active 1.2 will be ₹ 9,212 but you will have to pay interest of ₹ 2,60,628 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 ₹ 18,521, but your interest payment will be only ₹ 1,53,576 over the 3 years period.

₹ 10,405
Fiat Punto [2011-2014] price starts from ₹ 5,91,047 in Mumbai.

We have considered
Down-payement : ₹ 77,867
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Punto [2011-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,98,000

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 [2011-2014] starts from ₹ 5.91 Lakh, you can get a loan with an annual income as low as ₹ 1.98 lakh.

Here are the most important things you should consider while getting a car loan for a new Punto [2011-2014]

• 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.