Toyota Platinum Etios Car Loan EMI Calculator

₹ 14,041.
Here is how - Toyota Platinum Etios price starts from ₹ 8,69,413 in Mumbai. If you pay a down payment of ₹ 1,76,913 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,041.

The cheapest Platinum Etios model is GX which is priced at ₹ 8,69,413 in Mumbai. You will need to pay at least a ₹ 1,76,913 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 Platinum Etios.

Version	On-road price in Mumbai	Max Loan
GX	₹ 8,69,413	₹ 6,92,500
V	₹ 9,08,616	₹ 7,25,000
VX	₹ 9,76,526	₹ 7,81,300
GXD	₹ 10,18,570	₹ 8,02,500
VD	₹ 10,58,439	₹ 8,35,000
VXD	₹ 11,27,505	₹ 8,91,300
Limited Edition Petrol [2018-2019]	₹ 9,45,597	₹ 8,06,300
Limited Edition Diesel [2018-2019]	₹ 10,90,072	₹ 9,16,300
Limited Edition Petrol	₹ 9,64,926	₹ 8,06,300
Limited Edition Diesel	₹ 11,10,239	₹ 9,16,300

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 Platinum Etios GX will be ₹ 13,551 but you will have to pay interest of ₹ 4,45,784 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 ₹ 27,244, but your interest payment will be only ₹ 2,88,284 over the 3 years period.

₹ 14,041
Toyota Platinum Etios price starts from ₹ 8,69,413 in Mumbai.

We have considered
Down-payement : ₹ 1,76,913
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,90,000

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 Platinum Etios starts from ₹ 8.69 Lakh, you can get a loan with an annual income as low as ₹ 2.90 lakh.

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

• 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.