Toyota Fortuner Car Loan EMI Calculator

₹ 70,481.
Here is how - Toyota Fortuner price starts from ₹ 41,63,173 in Mumbai. If you pay a down payment of ₹ 6,87,173 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 70,481.

The cheapest Fortuner model is 4x2 2WD Petrol 2.7L Automatic which is priced at ₹ 41,63,173 in Mumbai. You will need to pay at least a ₹ 6,87,173 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 Fortuner.

Version	On-road price in Mumbai	Max Loan
4x2 2WD Petrol 2.7L Automatic	₹ 41,63,173	₹ 34,76,000
4x2 2WD Diesel 2.8L Turbo 6 Speed Manual	₹ 43,95,156	₹ 35,40,000
4x2 2WD Diesel 2.8L Turbo Automatic	₹ 46,66,859	₹ 37,61,000
4x4 4WD Diesel 2.8L Turbo 6 Speed Manual	₹ 48,80,779	₹ 39,35,000
GR-S 4WD Diesel 2.8L Turbo Automatic	₹ 62,46,672	₹ 50,46,000
4x4 4WD Mild Hybrid (Electric + Diesel) 2.8L Turbo Automatic	₹ 53,44,273	₹ 43,12,000
4x2 2WD Diesel 2.8L Turbo 6 Speed Manual Platinum White Pearl	₹ 44,19,745	₹ 35,60,000
4x2 2WD Diesel 2.8L Turbo Automatic Platinum White Pearl	₹ 46,91,448	₹ 37,81,000
4x4 4WD Diesel 2.8L Turbo 6 Speed Manual Platinum White Pearl	₹ 49,05,367	₹ 39,55,000
4x4 4WD Mild Hybrid (Electric + Diesel) 2.8L Turbo Automatic Platinum White Pearl	₹ 53,68,861	₹ 43,32,000
4x2 2WD Petrol 2.7L Automatic Platinum White Pearl	₹ 41,86,796	₹ 34,96,000

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 Fortuner 4x2 2WD Petrol 2.7L Automatic will be ₹ 64,888 but you will have to pay interest of ₹ 19,74,592 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 ₹ 1,30,459, but your interest payment will be only ₹ 12,20,524 over the 3 years period.

₹ 70,481
Toyota Fortuner price starts from ₹ 41,63,173 in Mumbai.

We have considered
Down-payement : ₹ 6,87,173
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 13,88,000

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 Fortuner starts from ₹ 41.63 Lakh, you can get a loan with an annual income as low as ₹ 13.88 lakh.

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

• 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.