Toyota Innova Crysta Car Loan EMI Calculator

₹ 38,789.
Here is how - Toyota Innova Crysta price starts from ₹ 23,25,083 in Mumbai. If you pay a down payment of ₹ 4,12,083 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 38,789.

The cheapest Innova Crysta model is G-SLF 7 STR which is priced at ₹ 23,25,083 in Mumbai. You will need to pay at least a ₹ 4,12,083 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 Crysta.

Version	On-road price in Mumbai	Max Loan
G-SLF 7 STR	₹ 23,25,083	₹ 19,13,000
G-SLF 8 STR	₹ 23,31,109	₹ 19,18,000
GX 7 STR	₹ 24,27,211	₹ 19,99,000
GX 8 STR	₹ 24,27,211	₹ 19,99,000
VX 2.4 7 STR	₹ 29,03,232	₹ 23,79,000
VX 2.4 8 STR	₹ 29,09,310	₹ 23,84,000
ZX 2.4 7 STR	₹ 30,99,696	₹ 25,43,000
VX FLT 2.4 7 STR	₹ 29,03,232	₹ 23,79,000
VX FLT 2.4 8 STR	₹ 29,09,310	₹ 23,84,000

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 Innova Crysta G-SLF 7 STR will be ₹ 36,239 but you will have to pay interest of ₹ 11,31,076 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 ₹ 72,860, but your interest payment will be only ₹ 7,09,960 over the 3 years period.

₹ 38,789
Toyota Innova Crysta price starts from ₹ 23,25,083 in Mumbai.

We have considered
Down-payement : ₹ 4,12,083
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,76,000

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 Crysta starts from ₹ 23.25 Lakh, you can get a loan with an annual income as low as ₹ 7.76 lakh.

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

• 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.