Ford Endeavour Car Loan EMI Calculator

₹ 59,207.
Here is how - Ford Endeavour price starts from ₹ 35,37,563 in Mumbai. If you pay a down payment of ₹ 6,17,563 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 59,207.

The cheapest Endeavour model is Titanium 2.2 4x2 MT which is priced at ₹ 35,37,563 in Mumbai. You will need to pay at least a ₹ 6,17,563 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 Endeavour.

Version	On-road price in Mumbai	Max Loan
Titanium Plus 2.2 4x2 AT	₹ 39,12,870	₹ 32,33,000
Titanium Plus 3.2 4x4 AT	₹ 41,97,047	₹ 34,70,000
Titanium 2.2 4x2 MT	₹ 35,37,563	₹ 29,20,000
Titanium Plus 2.0 4x2 AT	₹ 41,23,831	₹ 33,81,600
Titanium Plus 2.0 4x4 AT	₹ 43,40,123	₹ 35,61,600
Titanium 2.0 4x2 AT	₹ 36,40,287	₹ 29,99,000
Sport 2.0 4x4 AT	₹ 44,18,228	₹ 36,26,600

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 Endeavour Titanium 2.2 4x2 MT will be ₹ 55,137 but you will have to pay interest of ₹ 17,11,508 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 ₹ 1,10,854, but your interest payment will be only ₹ 10,70,744 over the 3 years period.

₹ 59,207
Ford Endeavour price starts from ₹ 35,37,563 in Mumbai.

We have considered
Down-payement : ₹ 6,17,563
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 11,80,000

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 Endeavour starts from ₹ 35.38 Lakh, you can get a loan with an annual income as low as ₹ 11.80 lakh.

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

• 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.