Tata Manza [2009-2011] Car Loan EMI Calculator

₹ 10,719.
Here is how - Tata Manza [2009-2011] price starts from ₹ 5,90,139 in Mumbai. If you pay a down payment of ₹ 61,518 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,719.

The cheapest Manza [2009-2011] model is Aqua Safire BS-III which is priced at ₹ 5,90,139 in Mumbai. You will need to pay at least a ₹ 61,518 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 Manza [2009-2011].

Version	On-road price in Mumbai	Max Loan
Aqua Quadrajet BS-III	₹ 6,74,392	₹ 6,04,867
Aura Quadrajet BS-III	₹ 7,23,346	₹ 6,49,169
Aura (ABS) Quadrajet BS-III	₹ 7,62,878	₹ 6,84,945
Aura (+) Quadrajet BS-III	₹ 8,09,108	₹ 7,26,781
Aura (+) Safire BS-III	₹ 7,15,363	₹ 6,41,945
Aura (ABS) Safire BS-III	₹ 6,59,122	₹ 5,91,049
Aura Safire BS-III	₹ 6,31,313	₹ 5,65,882
Aqua Safire BS-III	₹ 5,90,139	₹ 5,28,621
Aqua Quadrajet BS-IV	₹ 7,03,945	₹ 6,31,612
Aqua Safire BS-IV	₹ 6,21,557	₹ 5,57,053
Aura (+) Quadrajet BS-IV	₹ 8,13,454	₹ 7,26,781
Aura (+) Safire BS-IV	₹ 7,19,761	₹ 6,41,945
Aura (ABS) Quadrajet BS-IV	₹ 8,01,743	₹ 7,20,116
Aura (ABS) Safire BS-IV	₹ 6,97,984	₹ 6,26,217
Aura Quadrajet BS-IV	₹ 7,52,901	₹ 6,75,916
Aura Safire BS-IV	₹ 6,60,866	₹ 5,92,626

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 Manza [2009-2011] Aqua Safire BS-III will be ₹ 9,198 but you will have to pay interest of ₹ 2,44,011 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 ₹ 18,493, but your interest payment will be only ₹ 1,37,127 over the 3 years period.

₹ 10,719
Tata Manza [2009-2011] price starts from ₹ 5,90,139 in Mumbai.

We have considered
Down-payement : ₹ 61,518
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Manza [2009-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,97,000

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 Manza [2009-2011] starts from ₹ 5.90 Lakh, you can get a loan with an annual income as low as ₹ 1.97 lakh.

Here are the most important things you should consider while getting a car loan for a new Manza [2009-2011]

• 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.