Toyota Fortuner Car Loan EMI Calculator

₹ 66,892.
Here is how - Toyota Fortuner price starts from ₹ 39,39,608 in Mumbai. If you pay a down payment of ₹ 6,40,608 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 66,892.

The cheapest Fortuner model is 4X2 MT 2.7 Petrol which is priced at ₹ 39,39,608 in Mumbai. You will need to pay at least a ₹ 6,40,608 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 MT 2.7 Petrol	₹ 39,39,608	₹ 32,99,000
4X2 AT 2.7 Petrol	₹ 41,26,784	₹ 34,58,000
4X2 MT 2.8 Diesel	₹ 43,07,757	₹ 35,49,000
4X2 AT 2.8 Diesel	₹ 45,80,903	₹ 37,77,000
4X4 MT 2.8 Diesel	₹ 47,67,792	₹ 39,33,000
4X4 AT 2.8 Diesel	₹ 50,42,136	₹ 41,62,000
GR-S	₹ 61,34,719	₹ 50,74,000

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 MT 2.7 Petrol will be ₹ 61,404 but you will have to pay interest of ₹ 18,58,936 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 ₹ 1,23,453, but your interest payment will be only ₹ 11,45,308 over the 3 years period.

₹ 66,892
Toyota Fortuner price starts from ₹ 39,39,608 in Mumbai.

We have considered
Down-payement : ₹ 6,40,608
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 ₹ 13,14,000

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 ₹ 39.40 Lakh, you can get a loan with an annual income as low as ₹ 13.14 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.