There are many best auto companies in the Indian automobile market, which offer strong cars in various segments. Some of these cars have become so popular among the customers that their sales have not been affected due to the launch of new cars. A good example of this is Toyota Innova.
Even today, Toyota Innova has a good demand in the market. Toyota Innova Crysta is available in both 7-seater and 8-seater variants in the market. This Toyota car is in great demand in the market. The ex-showroom price of Innova Crysta starts from Rs 19.99 lakh to Rs 26.82 lakh. If you have enough money to buy this car, you can easily buy this car. But even if you have only 4 lakh rupees, you can still buy this car. For this you have to take a loan.
What will be EMI to buy Innova?
Toyota Innova Crysta is a diesel car. The cheapest model of this car DX 7STR is an on-road price of Rs 23.85 lakh. You can get a loan of 20 lakh rupees to buy this car. On the basis of interest on this loan, you will have to deposit a fixed amount in the bank every month as EMI.
To buy this 7-seater variant of Toyota Innova Crysta, you have to make a down payment of about Rs 3.85 lakh. If you take a loan for four years to buy this Toyota car and the bank takes 9 percent interest on this loan, then you will have to deposit an EMI of about Rs 50,000 every month. For this, your salary should be between Rs 1 lakh to Rs 1.5 lakh.
If you take a loan for five years to buy Innova, then you will have to deposit around Rs 40,000 in the bank every month at an interest rate of 9 percent. For this also your monthly salary should be between Rs 1 lakh to Rs 1.25 lakh.
If you take a loan for six years to buy this Toyota car, then you will have to pay an EMI of Rs 36,000 per month at an interest rate of 9 %. For this, you should have about 1 lakh rupees, so that it does not affect your other expenses.
The salary should be at least Rs 1 lakh.
Your monthly salary to buy Toyota Innova Crysta on the loan should be around 1 lakh rupees. Along with this, it is also necessary to read all the documents carefully before applying the loan. If the policies of banks vary, this figure will be different.
The post, how much salary should be made to buy Indians’ favorite Toyota Innova, so that EMI has to be paid every month? First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
