Nissan Gravite Car Loan EMI Calculator

₹ 11,456.
Here is how - Nissan Gravite price starts from ₹ 6,77,160 in Mumbai. If you pay a down payment of ₹ 1,12,160 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,456.

The cheapest Gravite model is Visia Petrol 1.0L Manual which is priced at ₹ 6,77,160 in Mumbai. You will need to pay at least a ₹ 1,12,160 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 Gravite.

Version	On-road price in Mumbai	Max Loan
Visia Petrol 1.0L Manual	₹ 6,77,160	₹ 5,65,000
Acenta Petrol 1.0L Manual	₹ 7,87,558	₹ 6,59,000
N-Connecta Petrol 1.0L Manual	₹ 8,59,199	₹ 7,20,000
N-Connecta Petrol 1.0L Automatic	₹ 9,29,666	₹ 7,80,000
Tekna Petrol 1.0L Manual	₹ 9,42,584	₹ 7,91,000
Tekna Petrol 1.0L Automatic	₹ 10,10,703	₹ 8,49,000
Tekna LE Petrol 1.0L Automatic	₹ 10,62,965	₹ 8,93,500
Tekna LE Petrol 1.0L Manual	₹ 9,94,847	₹ 8,35,500

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 Gravite Visia Petrol 1.0L Manual will be ₹ 10,554 but you will have to pay interest of ₹ 3,21,536 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 ₹ 21,220, but your interest payment will be only ₹ 1,98,920 over the 3 years period.

₹ 11,456
Nissan Gravite price starts from ₹ 6,77,160 in Mumbai.

We have considered
Down-payement : ₹ 1,12,160
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,26,000

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 Gravite starts from ₹ 6.77 Lakh, you can get a loan with an annual income as low as ₹ 2.26 lakh.

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

• 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.