Tata Safari [2005-2007] Car Loan EMI Calculator

₹ 13,963.
Here is how - Tata Safari [2005-2007] price starts from ₹ 7,73,908 in Mumbai. If you pay a down payment of ₹ 85,255 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,963.

The cheapest Safari [2005-2007] model is 4x2 LX TCIC which is priced at ₹ 7,73,908 in Mumbai. You will need to pay at least a ₹ 85,255 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 Safari [2005-2007].

Version	On-road price in Mumbai	Max Loan
4x2 EX TCIC	₹ 9,84,418	₹ 9,08,926
4x2 LX TCIC	₹ 7,73,908	₹ 6,88,653
4x4 EX TCIC	₹ 10,81,225	₹ 9,98,894
4x4 LX TCIC	₹ 9,37,852	₹ 8,65,649
4x2 EX DICOR BS-III	₹ 11,37,082	₹ 9,82,556
4x2 LX DICOR BS-III	₹ 9,47,168	₹ 8,17,006
4x2 VX DICOR BS-III	₹ 13,10,947	₹ 11,64,570
4x4 EX DICOR BS-III	₹ 10,87,482	₹ 9,73,255
4x4 LX DICOR BS-III	₹ 9,38,305	₹ 8,46,820
4x4 VX DICOR BS-III	₹ 13,60,366	₹ 12,08,806

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 Safari [2005-2007] 4x2 LX TCIC will be ₹ 12,062 but you will have to pay interest of ₹ 3,24,555 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 ₹ 24,251, but your interest payment will be only ₹ 1,84,383 over the 3 years period.

₹ 13,963
Tata Safari [2005-2007] price starts from ₹ 7,73,908 in Mumbai.

We have considered
Down-payement : ₹ 85,255
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Safari [2005-2007] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,58,000

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 Safari [2005-2007] starts from ₹ 7.74 Lakh, you can get a loan with an annual income as low as ₹ 2.58 lakh.

Here are the most important things you should consider while getting a car loan for a new Safari [2005-2007]

• 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.