Toyota Innova [2009-2012] Car Loan EMI Calculator

₹ 15,368.
Here is how - Toyota Innova [2009-2012] price starts from ₹ 8,48,106 in Mumbai. If you pay a down payment of ₹ 90,199 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,368.

The cheapest Innova [2009-2012] model is 2.5 E 8 STR which is priced at ₹ 8,48,106 in Mumbai. You will need to pay at least a ₹ 90,199 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 Innova [2009-2012].

Version	On-road price in Mumbai	Max Loan
2.5 E 7 STR	₹ 8,52,389	₹ 7,61,776
2.5 E 8 STR	₹ 8,48,106	₹ 7,57,907
2.5 GX 8 STR	₹ 11,94,983	₹ 10,61,663
2.5 GX 7 STR	₹ 11,90,449	₹ 10,57,605
2.5 VX 7 STR	₹ 13,95,829	₹ 12,41,470
2.5 VX 8 STR	₹ 14,00,361	₹ 12,45,528
2.0 VX 8 STR	₹ 14,05,431	₹ 12,50,067
2.0 GX 8 STR	₹ 11,52,751	₹ 10,23,855
2.5 EV CS 7 STR BS-IV	₹ 10,48,994	₹ 9,39,377
2.0 G1 BS-IV	₹ 10,19,878	₹ 9,13,075
2.0 GX 8 STR BS-IV	₹ 11,50,228	₹ 10,21,596
2.0 VX 8 STR BS-IV	₹ 13,59,031	₹ 12,08,527
2.5 EV MS 7 STR BS-IV	₹ 9,70,428	₹ 8,68,405
2.5 EV MS 8 STR BS-IV	₹ 9,65,935	₹ 8,64,346
2.5 EV PS 7 STR BS-IV	₹ 10,29,222	₹ 9,21,516
2.5 EV PS 8 STR BS-IV	₹ 10,24,729	₹ 9,17,457
2.5 G1 BS-IV	₹ 10,84,994	₹ 9,71,896
2.5 GX 7 STR BS-IV	₹ 12,18,375	₹ 10,82,605
2.5 GX 8 STR BS-IV	₹ 12,22,908	₹ 10,86,663
2.5 VX 7 STR BS-IV	₹ 14,23,754	₹ 12,66,470
2.5 VX 8 STR BS-IV	₹ 14,28,286	₹ 12,70,528
Crysta 2.5 VX BS-IV	₹ 15,29,593	₹ 13,61,223
Crysta 2.5 VX BS-III	₹ 15,00,412	₹ 13,35,098

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 Innova [2009-2012] 2.5 E 8 STR will be ₹ 13,219 but you will have to pay interest of ₹ 3,52,489 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 ₹ 26,577, but your interest payment will be only ₹ 1,98,865 over the 3 years period.

₹ 15,368
Toyota Innova [2009-2012] price starts from ₹ 8,48,106 in Mumbai.

We have considered
Down-payement : ₹ 90,199
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Innova [2009-2012] with a loan

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

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 Innova [2009-2012] starts from ₹ 8.48 Lakh, you can get a loan with an annual income as low as ₹ 2.83 lakh.

Here are the most important things you should consider while getting a car loan for a new Innova [2009-2012]

• 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.