Toyota Rumion Car Loan EMI Calculator

₹ 21,169.
Here is how - Toyota Rumion price starts from ₹ 12,30,648 in Nuvem. If you pay a down payment of ₹ 1,86,648 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,169.

The cheapest Rumion model is S MT which is priced at ₹ 12,30,648 in Nuvem. You will need to pay at least a ₹ 1,86,648 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 Rumion.

Version	On-road price in Nuvem	Max Loan
S MT	₹ 12,30,648	₹ 10,44,000
S AT	₹ 14,04,014	₹ 11,94,000
S CNG	₹ 13,40,446	₹ 11,39,000
G MT	₹ 13,64,718	₹ 11,60,000
V MT	₹ 14,49,089	₹ 12,33,000
V AT	₹ 16,10,897	₹ 13,73,000
G AT	₹ 15,26,526	₹ 13,00,000

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 Rumion S MT will be ₹ 19,181 but you will have to pay interest of ₹ 5,67,204 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 ₹ 38,564, but your interest payment will be only ₹ 3,44,304 over the 3 years period.

₹ 21,169
Toyota Rumion price starts from ₹ 12,30,648 in Nuvem.

We have considered
Down-payement : ₹ 1,86,648
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,11,000

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 Rumion starts from ₹ 12.31 Lakh, you can get a loan with an annual income as low as ₹ 4.11 lakh.

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

• 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.