Ford Aspire Car Loan EMI Calculator

₹ 14,761.
Here is how - Ford Aspire price starts from ₹ 8,57,950 in Mumbai. If you pay a down payment of ₹ 1,29,950 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,761.

The cheapest Aspire model is Titanium 1.2 Ti-VCT which is priced at ₹ 8,57,950 in Mumbai. You will need to pay at least a ₹ 1,29,950 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 Aspire.

Version	On-road price in Mumbai	Max Loan
Ambiente 1.2 Ti-VCT [2018-2020]	₹ 7,06,152	₹ 5,98,500
Trend 1.2 Ti-VCT [2018-2020]	₹ 7,80,841	₹ 6,63,400
Trend Plus 1.2 Ti-VCT	₹ 8,19,971	₹ 6,97,400
Titanium 1.2 Ti-VCT [2018-2020]	₹ 8,66,005	₹ 7,37,400
Titanium Plus 1.2 Ti-VCT [2018-2020]	₹ 9,15,189	₹ 7,82,400
Ambiente 1.5 TDCi	₹ 8,33,833	₹ 6,99,400
Trend 1.5 TDCi [2018-2020]	₹ 8,79,136	₹ 7,37,400
Trend Plus 1.5 TDCi	₹ 9,25,986	₹ 7,77,400
Titanium1.5 TDCi [2018-2020]	₹ 9,72,836	₹ 8,17,400
Titanium Plus 1.5 TDCi [2018-2020]	₹ 10,27,181	₹ 8,62,400
Titanium 1.5 Ti-VCT AT	₹ 10,65,102	₹ 9,10,400
Ambiente CNG	₹ 7,12,354	₹ 6,27,414
Trend Plus CNG	₹ 8,67,167	₹ 7,37,557
Titanium Blu 1.2 Ti-VCT	₹ 8,92,253	₹ 7,62,400
Titanium Blu 1.5 TDCi	₹ 10,03,845	₹ 8,42,400
Ambiente 1.2 Ti-VCT	₹ 7,19,444	₹ 6,09,000
Trend 1.2 Ti-VCT	₹ 7,86,734	₹ 6,69,000
Titanium 1.2 Ti-VCT	₹ 8,57,950	₹ 7,28,000
Titanium Plus 1.2 Ti-VCT	₹ 8,98,232	₹ 7,63,000
Trend 1.5 TDCi	₹ 9,28,462	₹ 7,79,000
Titanium1.5 TDCi	₹ 10,04,651	₹ 8,38,000
Titanium Plus 1.5 TDCi	₹ 10,45,647	₹ 8,73,000

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 Aspire Titanium 1.2 Ti-VCT will be ₹ 13,372 but you will have to pay interest of ₹ 3,95,248 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 ₹ 26,885, but your interest payment will be only ₹ 2,39,860 over the 3 years period.

₹ 14,761
Ford Aspire price starts from ₹ 8,57,950 in Mumbai.

We have considered
Down-payement : ₹ 1,29,950
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,86,000

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 Aspire starts from ₹ 8.58 Lakh, you can get a loan with an annual income as low as ₹ 2.86 lakh.

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

• 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.