Nissan Teana [2007-2014] Car Loan EMI Calculator

₹ 43,486.
Here is how - Nissan Teana [2007-2014] price starts from ₹ 21,44,672 in Ahmedabad. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 43,486.

Here is a model wise list of max loan amount for Teana [2007-2014].

Version	On-road price in Ahmedabad	Max Loan
MID	₹ 24,82,634	₹ 21,61,066
UPPER	₹ 29,20,187	₹ 25,44,529

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 Teana [2007-2014] 230JM will be ₹ 33,427 but you will have to pay interest of ₹ 6,63,196 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 ₹ 67,206, but your interest payment will be only ₹ 2,74,744 over the 3 years period.

₹ 43,486
Nissan Teana [2007-2014] price starts from ₹ 21,44,672 in Ahmedabad.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Teana [2007-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,15,000

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 Teana [2007-2014] starts from ₹ 21.45 Lakh, you can get a loan with an annual income as low as ₹ 7.15 lakh.

Here are the most important things you should consider while getting a car loan for a new Teana [2007-2014]

• 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.