Ford Freestyle Car Loan EMI Calculator

₹ 11,991.
Here is how - Ford Freestyle price starts from ₹ 6,97,880 in Mumbai. If you pay a down payment of ₹ 1,06,480 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,991.

The cheapest Freestyle model is Ambiente 1.2 Ti-VCT [2018-2020] which is priced at ₹ 6,97,880 in Mumbai. You will need to pay at least a ₹ 1,06,480 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 Freestyle.

Version	On-road price in Mumbai	Max Loan
Ambiente 1.2 Ti-VCT [2018-2020]	₹ 6,97,880	₹ 5,91,400
Trend 1.2 Ti-VCT [2018-2019]	₹ 7,44,315	₹ 6,33,400
Titanium 1.2 Ti-VCT [2018-2020]	₹ 8,47,591	₹ 7,21,400
Titanium Plus 1.2 Ti-VCT [2018-2020]	₹ 8,87,871	₹ 7,56,400
Ambiente 1.5 TDCi	₹ 8,09,602	₹ 6,76,400
Trend 1.5L TDCi [2018-2019]	₹ 8,50,328	₹ 7,13,400
Titanium 1.5 TDCi [2018-2020]	₹ 9,40,755	₹ 7,90,900
Titanium Plus 1.5 TDCi [2018-2020]	₹ 9,97,002	₹ 8,36,400
Trend Plus 1.2 Ti-VCT [2019-2020]	₹ 8,01,557	₹ 6,81,400
Trend Plus 1.5 TDCi [2019-2020]	₹ 8,91,003	₹ 7,45,900
Ambiente 1.2 Ti-VCT	₹ 7,07,935	₹ 5,99,000
Trend 1.2 Ti-VCT	₹ 7,69,532	₹ 6,54,000
Titanium 1.2 Ti-VCT	₹ 8,58,221	₹ 7,28,000
Titanium Plus 1.2 Ti-VCT	₹ 8,98,580	₹ 7,63,000
Trend 1.5 TDCi	₹ 9,10,960	₹ 7,64,000
Titanium Plus 1.5 TDCi	₹ 10,43,586	₹ 8,73,000
Titanium 1.5 TDCi	₹ 10,02,499	₹ 8,38,000
Flair Edition 1.2 Ti-VCT	₹ 9,33,173	₹ 7,93,000
Flair Edition 1.5 TDCi	₹ 10,78,802	₹ 9,03,000

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 Freestyle Ambiente 1.2 Ti-VCT [2018-2020] will be ₹ 10,877 but you will have to pay interest of ₹ 3,22,268 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 ₹ 21,869, but your interest payment will be only ₹ 1,95,884 over the 3 years period.

₹ 11,991
Ford Freestyle price starts from ₹ 6,97,880 in Mumbai.

We have considered
Down-payement : ₹ 1,06,480
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,33,000

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 Freestyle starts from ₹ 6.98 Lakh, you can get a loan with an annual income as low as ₹ 2.33 lakh.

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

• 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.