Toyota Etios Liva Car Loan EMI Calculator

₹ 11,424.
Here is how - Toyota Etios Liva price starts from ₹ 6,76,364 in Mumbai. If you pay a down payment of ₹ 1,12,964 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,424.

The cheapest Etios Liva model is GX which is priced at ₹ 6,76,364 in Mumbai. You will need to pay at least a ₹ 1,12,964 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.

Version	On-road price in Mumbai	Max Loan
GX	₹ 6,76,364	₹ 5,63,400
V	₹ 6,93,050	₹ 5,77,900
VX	₹ 7,55,191	₹ 6,31,900
GXD	₹ 8,44,376	₹ 6,96,900
VD	₹ 8,54,916	₹ 7,05,900
VXD	₹ 9,02,936	₹ 7,46,900
V Dual Tone	₹ 7,12,268	₹ 5,94,600
VX Dual Tone	₹ 7,68,655	₹ 6,43,600
VD Dual Tone	₹ 8,74,476	₹ 7,22,600
VXD Dual Tone	₹ 9,16,638	₹ 7,58,600
VX Dual Tone LE	₹ 7,92,820	₹ 6,64,600
VXD Dual Tone LE	₹ 9,41,233	₹ 7,79,600

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 GX will be ₹ 10,542 but you will have to pay interest of ₹ 3,22,128 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 ₹ 21,195, but your interest payment will be only ₹ 1,99,620 over the 3 years period.

₹ 11,424
Toyota Etios Liva price starts from ₹ 6,76,364 in Mumbai.

We have considered
Down-payement : ₹ 1,12,964
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Etios Liva with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,26,000

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 starts from ₹ 6.76 Lakh, you can get a loan with an annual income as low as ₹ 2.26 lakh.

Here are the most important things you should consider while getting a car loan for a new Etios Liva

• 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.