Toyota Etios [2010-2013] Car Loan EMI Calculator

₹ 10,973.
Here is how - Toyota Etios [2010-2013] price starts from ₹ 6,14,847 in Mumbai. If you pay a down payment of ₹ 73,662 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,973.

The cheapest Etios [2010-2013] model is J which is priced at ₹ 6,14,847 in Mumbai. You will need to pay at least a ₹ 73,662 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 Etios [2010-2013].

Version	On-road price in Mumbai	Max Loan
J	₹ 6,14,847	₹ 5,41,185
G	₹ 6,91,635	₹ 6,09,441
V	₹ 7,63,967	₹ 6,73,736
VX	₹ 8,17,844	₹ 7,21,627
G SP	₹ 7,12,719	₹ 6,28,183
VX-D	₹ 9,48,431	₹ 8,20,450
GD	₹ 7,77,180	₹ 6,73,507
VD	₹ 8,90,599	₹ 7,72,563
GD SP	₹ 8,38,447	₹ 7,27,015
TRD Sportivo Diesel Ltd	₹ 8,32,713	₹ 7,22,007
TRD Sportivo Petrol Ltd	₹ 7,07,080	₹ 6,23,170

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 Etios [2010-2013] J will be ₹ 9,583 but you will have to pay interest of ₹ 2,63,787 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 ₹ 19,267, but your interest payment will be only ₹ 1,52,427 over the 3 years period.

₹ 10,973
Toyota Etios [2010-2013] price starts from ₹ 6,14,847 in Mumbai.

We have considered
Down-payement : ₹ 73,662
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Etios [2010-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,05,000

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 Etios [2010-2013] starts from ₹ 6.15 Lakh, you can get a loan with an annual income as low as ₹ 2.05 lakh.

Here are the most important things you should consider while getting a car loan for a new Etios [2010-2013]

• 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.