Toyota Urban Cruiser Car Loan EMI Calculator

₹ 18,299.
Here is how - Toyota Urban Cruiser price starts from ₹ 10,51,759 in Mumbai. If you pay a down payment of ₹ 1,49,259 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,299.

The cheapest Urban Cruiser model is Mid Grade MT which is priced at ₹ 10,51,759 in Mumbai. You will need to pay at least a ₹ 1,49,259 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 Urban Cruiser.

Version	On-road price in Mumbai	Max Loan
Mid Grade MT	₹ 10,51,759	₹ 9,02,500
Mid Grade AT	₹ 12,00,150	₹ 10,14,900
High Grade MT	₹ 11,37,231	₹ 9,77,500
High Grade AT	₹ 13,01,957	₹ 11,02,500
Premium Grade MT	₹ 11,62,758	₹ 9,99,900
Premium Grade AT	₹ 13,83,725	₹ 11,73,000
Premium Grade MT Dual Tone	₹ 11,49,800	₹ 9,98,000
Premium Grade AT Dual Tone	₹ 13,48,620	₹ 11,55,000

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 Urban Cruiser Mid Grade MT will be ₹ 16,393 but you will have to pay interest of ₹ 4,74,512 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 ₹ 32,958, but your interest payment will be only ₹ 2,83,988 over the 3 years period.

₹ 18,299
Toyota Urban Cruiser price starts from ₹ 10,51,759 in Mumbai.

We have considered
Down-payement : ₹ 1,49,259
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,51,000

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 Urban Cruiser starts from ₹ 10.52 Lakh, you can get a loan with an annual income as low as ₹ 3.51 lakh.

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

• 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.