Tata Indigo [2005-2009] Car Loan EMI Calculator

₹ 8,065.
Here is how - Tata Indigo [2005-2009] price starts from ₹ 4,41,264 in Mumbai. If you pay a down payment of ₹ 43,508 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,065.

The cheapest Indigo [2005-2009] model is GV BS-III which is priced at ₹ 4,41,264 in Mumbai. You will need to pay at least a ₹ 43,508 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 Indigo [2005-2009].

Version	On-road price in Mumbai	Max Loan
GLS BS-III	₹ 5,52,276	₹ 4,92,329
LS TDI BS-III	₹ 5,94,475	₹ 5,30,501
LX TDI BS-III	₹ 6,52,438	₹ 5,82,933
GLX BS-III	₹ 5,86,648	₹ 5,23,421
GLE BS-III	₹ 4,63,490	₹ 4,25,650
SX BS-III	₹ 6,65,539	₹ 6,13,690
GSX BS-III	₹ 6,24,928	₹ 5,75,890
GVE BS-III	₹ 4,59,011	₹ 4,13,919
GVS BS-III	₹ 4,94,943	₹ 4,46,643
VE BS-III	₹ 5,12,600	₹ 4,62,723
VS BS-III	₹ 5,36,481	₹ 4,84,472
LX DiCOR BS-III	₹ 6,65,437	₹ 6,00,548
V BS-III	₹ 4,92,122	₹ 4,44,074
GV BS-III	₹ 4,41,264	₹ 3,97,756
LS DiCOR BS-III	₹ 6,15,768	₹ 5,49,762

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 Indigo [2005-2009] GV BS-III will be ₹ 6,878 but you will have to pay interest of ₹ 1,79,996 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 ₹ 13,828, but your interest payment will be only ₹ 1,00,052 over the 3 years period.

₹ 8,065
Tata Indigo [2005-2009] price starts from ₹ 4,41,264 in Mumbai.

We have considered
Down-payement : ₹ 43,508
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indigo [2005-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,48,000

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 Indigo [2005-2009] starts from ₹ 4.41 Lakh, you can get a loan with an annual income as low as ₹ 1.48 lakh.

Here are the most important things you should consider while getting a car loan for a new Indigo [2005-2009]

• 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.