Tata Indigo CS [2008-2011] Car Loan EMI Calculator

₹ 7,758.
Here is how - Tata Indigo CS [2008-2011] price starts from ₹ 4,31,086 in Mumbai. If you pay a down payment of ₹ 48,492 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,758.

The cheapest Indigo CS [2008-2011] model is GLE which is priced at ₹ 4,31,086 in Mumbai. You will need to pay at least a ₹ 48,492 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 CS [2008-2011].

Version	On-road price in Mumbai	Max Loan
GLE	₹ 4,31,086	₹ 3,82,594
GLS	₹ 4,59,323	₹ 4,08,130
LE TDI	₹ 5,02,248	₹ 4,46,948
LS TDI	₹ 5,57,946	₹ 4,97,316
LS DiCOR	₹ 5,49,732	₹ 4,89,888
GLX	₹ 4,84,864	₹ 4,31,227
LX DiCOR	₹ 5,70,755	₹ 5,08,899
LX TDI	₹ 5,91,655	₹ 5,27,800

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 CS [2008-2011] GLE will be ₹ 6,719 but you will have to pay interest of ₹ 1,81,802 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 ₹ 13,509, but your interest payment will be only ₹ 1,03,730 over the 3 years period.

₹ 7,758
Tata Indigo CS [2008-2011] price starts from ₹ 4,31,086 in Mumbai.

We have considered
Down-payement : ₹ 48,492
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Indigo CS [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,44,000

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 CS [2008-2011] starts from ₹ 4.31 Lakh, you can get a loan with an annual income as low as ₹ 1.44 lakh.

Here are the most important things you should consider while getting a car loan for a new Indigo CS [2008-2011]

• 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.