Ford Endeavour [2003-2007] Car Loan EMI Calculator

₹ 30,857.
Here is how - Ford Endeavour [2003-2007] price starts from ₹ 16,48,322 in Bhopal. If you pay a down payment of ₹ 1,26,522 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 30,857.

The cheapest Endeavour [2003-2007] model is XLT 4X4 which is priced at ₹ 16,48,322 in Bhopal. You will need to pay at least a ₹ 1,26,522 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 Endeavour [2003-2007].

Version	On-road price in Bhopal	Max Loan
XLT 4X2	₹ 16,60,757	₹ 15,16,000
XLT 4X4	₹ 16,48,322	₹ 15,21,800

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 Endeavour [2003-2007] XLT 4X4 will be ₹ 25,691 but you will have to pay interest of ₹ 6,36,244 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 ₹ 51,652, but your interest payment will be only ₹ 3,37,672 over the 3 years period.

₹ 30,857
Ford Endeavour [2003-2007] price starts from ₹ 16,48,322 in Bhopal.

We have considered
Down-payement : ₹ 1,26,522
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Endeavour [2003-2007] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,50,000

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 Endeavour [2003-2007] starts from ₹ 16.48 Lakh, you can get a loan with an annual income as low as ₹ 5.50 lakh.

Here are the most important things you should consider while getting a car loan for a new Endeavour [2003-2007]

• 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.