Toyota Hilux Car Loan EMI Calculator

₹ 64,864.
Here is how - Toyota Hilux price starts from ₹ 39,01,251 in Mumbai. If you pay a down payment of ₹ 7,02,251 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 64,864.

The cheapest Hilux model is GX 2WD Diesel Turbo Automatic (TC) which is priced at ₹ 39,01,251 in Mumbai. You will need to pay at least a ₹ 7,02,251 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 Hilux.

Version	On-road price in Mumbai	Max Loan
GX 2WD Diesel Turbo Automatic (TC)	₹ 39,01,251	₹ 31,99,000
GX 4WD Diesel Turbo Automatic (TC)	₹ 41,05,517	₹ 33,69,000
VX 4WD Diesel Turbo Automatic (TC)	₹ 44,65,985	₹ 36,69,000
GX 2WD Diesel Turbo Automatic (TC) Platinum White Pearl	₹ 39,25,282	₹ 32,19,000
GX 4WD Diesel Turbo Automatic (TC) Platinum White Pearl	₹ 41,29,548	₹ 33,89,000
VX 4WD Diesel Turbo Automatic (TC) Platinum White Pearl	₹ 44,90,017	₹ 36,89,000

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 Hilux GX 2WD Diesel Turbo Automatic (TC) will be ₹ 60,806 but you will have to pay interest of ₹ 19,08,704 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 ₹ 1,22,251, but your interest payment will be only ₹ 12,02,036 over the 3 years period.

₹ 64,864
Toyota Hilux price starts from ₹ 39,01,251 in Mumbai.

We have considered
Down-payement : ₹ 7,02,251
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 13,01,000

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 Hilux starts from ₹ 39.01 Lakh, you can get a loan with an annual income as low as ₹ 13.01 lakh.

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

• 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.