Isuzu MU7 [2014-2017] Car Loan EMI Calculator

₹ 39,488.
Here is how - Isuzu MU7 [2014-2017] price starts from ₹ 23,22,782 in Mumbai. If you pay a down payment of ₹ 3,75,310 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 39,488.

The cheapest MU7 [2014-2017] model is High BS IV which is priced at ₹ 23,22,782 in Mumbai. You will need to pay at least a ₹ 3,75,310 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 MU7 [2014-2017].

Version	On-road price in Mumbai	Max Loan
Base BS III	₹ 23,45,120	₹ 19,85,681
High BS III	₹ 24,44,484	₹ 20,70,782
Base BS IV	₹ 23,87,593	₹ 20,18,919
High BS IV	₹ 23,22,782	₹ 19,47,472
Premium AT	₹ 26,07,677	₹ 21,89,737

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 MU7 [2014-2017] High BS IV will be ₹ 36,203 but you will have to pay interest of ₹ 10,93,580 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 ₹ 72,788, but your interest payment will be only ₹ 6,72,896 over the 3 years period.

₹ 39,488
Isuzu MU7 [2014-2017] price starts from ₹ 23,22,782 in Mumbai.

We have considered
Down-payement : ₹ 3,75,310
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy MU7 [2014-2017] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,75,000

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 MU7 [2014-2017] starts from ₹ 23.23 Lakh, you can get a loan with an annual income as low as ₹ 7.75 lakh.

Here are the most important things you should consider while getting a car loan for a new MU7 [2014-2017]

• 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.