Toyota Yaris Car Loan EMI Calculator

₹ 17,762.
Here is how - Toyota Yaris price starts from ₹ 10,25,476 in Mumbai. If you pay a down payment of ₹ 1,49,476 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,762.

The cheapest Yaris model is J MT OPT [2019-2020] which is priced at ₹ 10,25,476 in Mumbai. You will need to pay at least a ₹ 1,49,476 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 Yaris.

Version	On-road price in Mumbai	Max Loan
J MT [2018-2020]	₹ 10,88,334	₹ 9,40,000
G MT [2018-2020]	₹ 12,48,366	₹ 10,55,000
V MT [2018-2020]	₹ 13,86,223	₹ 11,74,000
J CVT [2018-2020]	₹ 11,96,213	₹ 10,10,000
G CVT [2018-2020]	₹ 13,87,381	₹ 11,75,000
V CVT [2018-2020]	₹ 15,25,239	₹ 12,94,000
VX CVT [2018-2020]	₹ 16,68,888	₹ 14,18,000
VX MT [2018-2020]	₹ 15,27,555	₹ 12,96,000
J MT OPT [2019-2020]	₹ 10,25,476	₹ 8,76,000
G MT OPT [2019-2020]	₹ 11,37,269	₹ 9,74,000
V MT OPT Dual Tone [2019-2020]	₹ 14,25,610	₹ 12,08,000
J CVT OPT [2019-2020]	₹ 11,05,328	₹ 9,46,000
G CVT OPT [2019-2020]	₹ 12,93,546	₹ 10,94,000
V CVT OPT Dual Tone [2019-2020]	₹ 15,64,626	₹ 13,28,000
J MT	₹ 13,24,600	₹ 11,28,000
G MT	₹ 14,01,704	₹ 11,95,000
V MT	₹ 14,01,057	₹ 11,84,000
J CVT	₹ 14,05,156	₹ 11,98,000
G CVT	₹ 15,39,800	₹ 13,15,000
V CVT	₹ 15,40,773	₹ 13,04,000
VX CVT	₹ 17,06,666	₹ 14,60,000
VX MT	₹ 15,43,102	₹ 13,06,000
J MT OPT	₹ 10,62,127	₹ 9,16,000
G MT OPT	₹ 11,45,791	₹ 9,90,000
V MT OPT Dual Tone	₹ 14,52,339	₹ 12,39,000
J CVT OPT	₹ 11,41,269	₹ 9,86,000
G CVT OPT	₹ 13,22,298	₹ 11,26,000
V CVT OPT Dual Tone	₹ 15,90,435	₹ 13,59,000

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 Yaris J MT OPT [2019-2020] will be ₹ 15,983 but you will have to pay interest of ₹ 4,66,572 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 ₹ 32,135, but your interest payment will be only ₹ 2,80,860 over the 3 years period.

₹ 17,762
Toyota Yaris price starts from ₹ 10,25,476 in Mumbai.

We have considered
Down-payement : ₹ 1,49,476
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,42,000

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 Yaris starts from ₹ 10.25 Lakh, you can get a loan with an annual income as low as ₹ 3.42 lakh.

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

• 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.