Force Motors Force One Car Loan EMI Calculator

₹ 16,578.
Here is how - Force Motors Force One price starts from ₹ 9,48,113 in Mumbai. If you pay a down payment of ₹ 1,30,498 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,578.

The cheapest Force One model is EX 7 STR which is priced at ₹ 9,48,113 in Mumbai. You will need to pay at least a ₹ 1,30,498 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 Force One.

Version	On-road price in Mumbai	Max Loan
SX 7 STR	₹ 13,64,792	₹ 11,70,482
SX 6 STR	₹ 13,73,555	₹ 11,78,059
SX ABS 6 STR	₹ 12,79,169	₹ 10,89,469
SX ABS 7 STR	₹ 12,71,461	₹ 10,82,854
EX 7 STR	₹ 9,48,113	₹ 8,17,615
LX ABS 7 STR	₹ 15,27,431	₹ 13,01,079

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 Force One EX 7 STR will be ₹ 14,777 but you will have to pay interest of ₹ 4,23,653 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 ₹ 29,710, but your interest payment will be only ₹ 2,51,945 over the 3 years period.

₹ 16,578
Force Motors Force One price starts from ₹ 9,48,113 in Mumbai.

We have considered
Down-payement : ₹ 1,30,498
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,17,000

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 Force One starts from ₹ 9.48 Lakh, you can get a loan with an annual income as low as ₹ 3.17 lakh.

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

• 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.