Ford Figo [2010-2012] Car Loan EMI Calculator

₹ 8,280.
Here is how - Ford Figo [2010-2012] price starts from ₹ 4,63,930 in Mumbai. If you pay a down payment of ₹ 55,559 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,280.

The cheapest Figo [2010-2012] model is Duratec Petrol LXI 1.2 which is priced at ₹ 4,63,930 in Mumbai. You will need to pay at least a ₹ 55,559 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 Figo [2010-2012].

Version	On-road price in Mumbai	Max Loan
Duratec Petrol LXI 1.2	₹ 4,63,930	₹ 4,08,371
Duratec Petrol EXI 1.2	₹ 5,08,758	₹ 4,48,218
Duratec Petrol ZXI 1.2	₹ 5,45,327	₹ 4,80,724
Duratec Petrol Titanium 1.2	₹ 6,04,635	₹ 5,32,108
Duratorq Diesel LXI 1.4	₹ 5,91,265	₹ 5,11,137
Duratorq Diesel EXI 1.4	₹ 6,38,088	₹ 5,52,030
Duratorq Diesel ZXI 1.4	₹ 6,75,312	₹ 5,84,540
Duratorq Diesel Titanium 1.4	₹ 7,34,144	₹ 6,35,922

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 Figo [2010-2012] Duratec Petrol LXI 1.2 will be ₹ 7,231 but you will have to pay interest of ₹ 1,99,033 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 ₹ 14,538, but your interest payment will be only ₹ 1,14,997 over the 3 years period.

₹ 8,280
Ford Figo [2010-2012] price starts from ₹ 4,63,930 in Mumbai.

We have considered
Down-payement : ₹ 55,559
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Figo [2010-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,55,000

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 Figo [2010-2012] starts from ₹ 4.64 Lakh, you can get a loan with an annual income as low as ₹ 1.55 lakh.

Here are the most important things you should consider while getting a car loan for a new Figo [2010-2012]

• 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.