Fiat Punto Evo Car Loan EMI Calculator

₹ 9,597.
Here is how - Fiat Punto Evo price starts from ₹ 5,84,183 in Mumbai. If you pay a down payment of ₹ 1,10,876 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,597.

The cheapest Punto Evo model is Pure 1.2 which is priced at ₹ 5,84,183 in Mumbai. You will need to pay at least a ₹ 1,10,876 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 Evo.

Version	On-road price in Mumbai	Max Loan
Active 1.2 [2014-2016]	₹ 5,89,709	₹ 5,14,131
Active Multijet 1.3 [2014-2016]	₹ 7,11,750	₹ 6,11,689
Dynamic 1.2 [2014-2016]	₹ 6,45,154	₹ 5,63,392
Dynamic Multijet 1.3 [2014-2016]	₹ 7,94,926	₹ 6,84,297
Emotion Multijet 1.3 [2014-2016]	₹ 8,74,676	₹ 7,53,914
Emotion 1.4 [2014-2016]	₹ 8,58,797	₹ 7,53,203
Multijet 1.3 90 hp [2014-2016]	₹ 9,19,799	₹ 7,93,304
Sportivo 1.3 [2014-2016]	₹ 8,56,174	₹ 7,41,950
Dynamic 1.2	₹ 6,45,793	₹ 5,26,538
Active Multijet 1.3 90 hp	₹ 7,69,122	₹ 6,22,129
Dynamic Multijet 1.3 90 hp	₹ 8,41,395	₹ 6,83,491
Emotion Multijet 1.3 90 hp	₹ 9,06,317	₹ 7,38,612
Pure 1.2	₹ 5,84,183	₹ 4,73,307
Pure 1.3	₹ 7,03,449	₹ 5,89,491

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 Evo Pure 1.2 will be ₹ 9,105 but you will have to pay interest of ₹ 2,91,513 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 ₹ 18,306, but your interest payment will be only ₹ 1,85,709 over the 3 years period.

₹ 9,597
Fiat Punto Evo price starts from ₹ 5,84,183 in Mumbai.

We have considered
Down-payement : ₹ 1,10,876
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,95,000

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 Evo starts from ₹ 5.84 Lakh, you can get a loan with an annual income as low as ₹ 1.95 lakh.

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

• 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.