Toyota Etios Liva [2011-2013] Car Loan EMI Calculator

₹ 9,762.
Here is how - Toyota Etios Liva [2011-2013] price starts from ₹ 5,46,140 in Mumbai. If you pay a down payment of ₹ 64,694 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,762.

The cheapest Etios Liva [2011-2013] model is J which is priced at ₹ 5,46,140 in Mumbai. You will need to pay at least a ₹ 64,694 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 Liva [2011-2013].

Version	On-road price in Mumbai	Max Loan
J	₹ 5,46,140	₹ 4,81,446
G	₹ 5,62,299	₹ 4,95,810
V	₹ 6,45,353	₹ 5,68,302
VX	₹ 7,02,526	₹ 6,19,122
G SP	₹ 5,86,640	₹ 5,16,113
GD	₹ 6,68,255	₹ 5,78,377
GD SP	₹ 7,04,439	₹ 6,09,978
TRD Sportivo Petrol Ltd	₹ 5,90,913	₹ 5,19,911
TRD Sportivo Diesel Ltd	₹ 7,28,391	₹ 6,30,897

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 Liva [2011-2013] J will be ₹ 8,512 but you will have to pay interest of ₹ 2,33,562 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 ₹ 17,114, but your interest payment will be only ₹ 1,34,658 over the 3 years period.

₹ 9,762
Toyota Etios Liva [2011-2013] price starts from ₹ 5,46,140 in Mumbai.

We have considered
Down-payement : ₹ 64,694
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Etios Liva [2011-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,83,000

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 Liva [2011-2013] starts from ₹ 5.46 Lakh, you can get a loan with an annual income as low as ₹ 1.83 lakh.

Here are the most important things you should consider while getting a car loan for a new Etios Liva [2011-2013]

• 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.