Car Loan for Ford Figo: Features & Benefits
Ford Endeavour Car Loan is a loan a car loan for a specific vehicle. Its main postulates are as follows:
Features | Car Loan |
Interest Rate | 8.25% – 14.26% (Avg – 9.40%) |
Processing Fee | 1.00% Min Rs. 5,000 Max Rs. 10,000 |
Loan Tenure | Up to 7 years |
Lowest EMI | ₹ 1,556 per lakh |
Loan Amount | Up to 100% of ex-showroom price |
Prepayment Charges | 5% from 13-24 months, 3% after 24 months |
Ford Endeavour Car Loan Eligibility Criteria
Ford Endeavour Car Loan, like all loans, possesses eligibility criteria to fulfil for the loan applicants:
Eligibility Criteria | Eligibility Details |
Age | 21 years – 60 years |
Minimum Annual Income | Salaried: ₹ 0.01 Lakh Lakhs
Self Employed Professionals: ₹ 0.01 Lakh Lakhs Self Employed Businessmen: ₹ 0.01 Lakh Lakhs |
Minimum Credit Score | 700 and above |
Loan Tenure | 7 years |
Loan to Value Ratio | 100% of ex-showroom price |
Ford Endeavour Car Loan EMI Calculator
All banks offer car loans of various kinds. The best tool to understand a loan is the Car EMI calculator, which allows the applicants to evaluate the actual burden they have to bear every month for the whole duration of the loan.
- Ford Endeavour Car Loan EMI computation differs from bank to bank based on the technique used.
- The typical practise should be to employ the EMI in arrears approach on a declining balance basis, which involves paying interest on the loan amount outstanding on a declining basis at or after the end of the month.
- In the end, all banks use the same base formula to calculate the EMI value to be stated to the loan recipient. The formula used is:
E= P. r. (1+r)n/[(1+r) n -1]
- E: denotes the monthly payment or EMI.
- P: denotes the principal amount for which you wish to apply.
- r: is the monthly interest rate computed as a percentage of yearly income,
- n: is the loan term in months.
Ford Endeavour Car Loan Interest Rate, Fees, and Charges
Interest Rate | 8.25% – 14.26% (Avg – 9.40%) |
Processing Fee | Lower of Rs. 10,000 or 0.4% of car loan sanctioned |
Foreclosure Charges | 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago) |
Documentation Fees | Rs. 600 each time |
Penalty for Late Payment | 2% each month |
Financing Quantum | up to 100% depending on customer profile |
Documents Required for Ford Endeavour Car Loan
If an applicant fulfils his eligibility criteria, the loan provider before the loan dispersal requires the applicant to submit some essential paperwork to validate his claims and discharge some of the legal requirements of loan provision. The documents required are as follows:
Individual | Documentation |
Salaried Applicant | Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification. Automobile quote Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof. 3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit Vehicle Registration and Insurance |
Self Employed Applicant | Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification. Car price quote Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport. Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit. Vehicle Registration and Insurance |
Ford Endeavour
Engine and Tranmission
Engine Type | EcoBlue engine |
Displacement (cc) | 1996 |
Max Power | 167.62bhp@3500rpm |
Max Torque | 420Nm@2000-2500rpm |
No. of cylinder | 4 |
Valves Per Cylinder | 4 |
Valve Configuration | 16-valve DOHC layout |
TransmissionType | Automatic |
Gear Box | 10 Speed |
Drive Type | 4WD |
Fuel & Performance
Fuel Type | Diesel |
Mileage (ARAI) | 13.9 |
Fuel Tank Capacity (Litres) | 80.0 |
Emission Norm Compliance | BS VI |
Suspension, Steering & Brakes
Front Suspension | Independent Coil Spring With Anti-Roll Bar |
Rear Suspension | Coil Spring with Anti Roll Bar |
Steering Type | Power |
Steering Column | Tilt |
Steering Gear Type | Rack & Pinion |
Front Brake Type | Disc |
Rear Brake Type | Disc |
Dimensions & Capacity
Length (mm) | 4903 |
Width (mm) | 1869 |
Height (mm) | 1837 |
Seating Capacity | 7 |
Wheel Base (mm) | 2850 |
Front Tread (mm) | 1560 |
Rear Tread (mm) | 1564 |
Kerb Weight (Kg) | 2415 |
No of Doors | 5 |
Key Specs of Ford Endeavour
ARAI Mileage | 13.9 kmpl |
Fuel Type | Diesel |
Engine Displacement (cc) | 1996 |
Max Power (bhp@rpm) | 167.62bhp@3500rpm |
Max Torque (nm@rpm) | 420Nm@2000-2500rpm |
Seating Capacity | 7 |
TransmissionType | Automatic |
Fuel Tank Capacity | 80.0 |
Body Type | SUV |
Service Cost (Avg. of 5 years) | Rs.6,315 |
Ford Endeavour Latest Update
Ford has just released the new version of the legendary Ford Endeavour after many years with modern features and brought even more fame to the already famous SUV. The customer has always preferred Ford cars in India for the driving customer.
- Ford Endeavour pricing ranges from Rs 29.99 lakh to Rs 35.10 lakh for the full-size SUV (ex-showroom).
- The Ford Endeavour comes in four different models: Titanium AT, Titanium+ AT 4×2, Titanium+ AT 4×4, and Sport AT.
- The Endeavour has a seating capacity of up to seven persons.
- The BS6 Endeavour is powered by a 2.0-litre, 4-cylinder turbo-diesel engine that produces 170PS and 420Nm and is mated to a 10-speed AT gearbox (a first in India). There is no option for a manual gearbox. Both 2WD and 4WD drivetrains are available.
- Ford Endeavour comes included with FordPass connected car technology, allowing customers to do remote vehicle operations, follow its real-time position, and check the car’s telematics via a smartphone app. Other options like cabin active noise cancellation, semi-autonomous parallel parking aid, power-folding third-row seats, dual-zone temperature control, and a panoramic sunroof are still available. It also comes with an 8-inch SYNC 3 touchscreen infotainment system that supports Apple CarPlay and Android Auto.
- Seven airbags, a tyre pressure monitoring system, and a hill launch aid are among the safety features available on the Ford Endeavour.
- The Ford Endeavour competes with the Mahindra Alturas G4, the Volkswagen Tiguan Allspace, and the Toyota Fortuner. It will also compete with the MG Gloster and the future Skoda Kodiaq petrol.
- The next-generation Ford Endeavour has been spotted testing and is likely to arrive in India by 2022.
Ford Endeavour Price
In the SUV segment, Ford Endeavour is a market leader for the premium SUV segment as it offers the best class features, the price of Ford Endeavor matches it, competitors. A car is a long term asset the customers also keep in mind the maintenance and servicing cost of the vehicle to assess its value which is less for the Endeavors than the other cars like the Fortuner, etc.
Prices of Ford Endeavour Ex-showroom Delhi
Model Variants | Key specs | Ex-showroom Price |
Endeavour Titanium 4X2 AT | 1996 cc, Automatic, Diesel
Mileage: 13.9 kmpl |
Rs.29.99 Lakh* |
Endeavour Titanium Plus 4X2 AT | 1996 cc, Automatic, Diesel
Mileage: 13.9 kmpl |
Rs.33.80 Lakh* |
Endeavour Titanium Plus 4X4 AT | 1996 cc, Automatic, Diesel
Mileage: 12.4 kmpl |
Rs.35.60 Lakh* |
Endeavour Sport Edition | 1996 cc, Automatic, Diesel
Mileage: 13.9 kmpl |
Rs.36.25 Lakh* |
Down payment required for Ford Endeavour
Ford Endeavor is a premium segment SUV; hence it curtails a substantial overall cost, and therefore the value of the initial down payment for a car loan for Ford Endeavour is high. All Banks and NBFCs offer sustainable car loans for all the variants of Ford Endeavor. To calculate a specific value for the down payment, let assume some factors of a car loan such as interest tenure, etc. The result would be as follows:
- Ford Endeavour Sport Edition at the rate of 9.8%: Rs.4.31 Lakh
- Ford Endeavour Titanium 4X2 AT at the rate of 9.8%: Rs.3.58 Lakh
- Ford Endeavour Titanium Plus 4X2 AT at the rate of 9.8%: Rs.4.03 Lakh
- Ford Endeavour Titanium Plus 4X4 AT at the rate of 9.8%: Rs.4.24 Lakh
Calculate Loan EMI for Ford Endeavour
Ford Endeavor involves paying a good part of your income as the equated monthly instalment, or the EMI; different variants have different costs; hence the value of EMI also changes for each model variant of the Ford Endeavor.
- Ford Endeavour Sport Edition at the rate of 9.8% for a maximum tenure of 5 years, then the EMI would be Rs.82,180
- Ford Endeavour Titanium 4X2 AT at the rate of 9.8% for a maximum tenure of 5 years, then the EMI Rs.68,238
- Ford Endeavour Titanium Plus 4X2 AT at the rate of 9.8% for a maximum tenure of 5 years; then the EMI would be Rs.76,737
- Ford Endeavour Titanium Plus 4X4 AT at the rate of 9.8% for a maximum tenure of 5 years; then the EMI would be Rs.80,743
About Ford Endeavour
The Ford Motor Company, or simply Ford, is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, a Detroit suburb. Henry Ford started the company, which was formed on June 16, 1903. The Ford brand offers automobiles and commercial vehicles, whereas the Lincoln brand offers most premium cars.
In India, the brand provides premium segment vehicles that compete with the top automobile manufacturers worldwide.
Ford Endeavor is considered to be Ford’s most successful car in India as all the sedan class cars offered by ford were overshadowed by Japanese car-makers like Honda and Maruti Suzuki
New Safety & Security Features which are found on every model of Ford Endeavour
Ford Endeavor is designed as a proper modern SUV, and it masters all terrains. This is possible due to the robust engine; customers that frequent off-road terrain would prefer to buy the 4X4 powered variant as it adds to the mobility and control over rocky and uneven terrain. The in-built features that make Ford Endeavor a safe car are:
- Dual-stage driver and front passenger airbags are standard on the 2017 Endeavour.
- An anti-lock braking system (ABS) with electronic brake-force distribution (EBD),
- seatbelt pre-tensioner and load limiter, front fog lights, and remote keyless entry with anti-theft alarm.
- The front driver and passenger-side airbags and the limited-slip differential are only available on the top-end model.
Ford Endeavour Comparison with similar cars
Vehicle | Ford Endeavor | MG Gloster | Toyota Fortuner |
Engine Type | EcoBlue engine | Diesel 2.0 Turbo | 2.8 L Diesel engine |
Displacement (cc) | 1996 | 1996 | 2755 |
Max Power (bhp@rpm) | 167.62bhp@3500rpm | 160.77bhp@4000rpm | 201.15bhp@3400rpm |
Max Torque (nm@rpm) | 420Nm@2000-2500rpm | 375nm@1500-2400rpm | 420nm@1400-3400rpm |
No Of Cylinder | 4 | 4 | 4 |
Valves Per Cylinder | 4 | 4 | 4 |
Valve Configuration | 16-valve DOHC layout | – | DOHC |
Fuel Supply System | – | – | Direct Injection |
Transmission Type | Automatic | Automatic | Manual |
Gear Box | 10 speed | 8 speed | 6 Speed iMT |
Drive Type | RWD | 2WD | 2WD |
Fuel & Performance | |||
Fuel Type | Diesel | Diesel | Diesel |
Mileage (ARAI) | 13.9 kmpl | 14.5 kmpl | – |
Fuel Tank Capacity | 80.0 (Litres) | 75.0 (Litres) | 80.0 (Litres) |
Emission Norm Compliance | BS VI | BS VI | BS VI |
Ford Endeavour Mileage
Model Variants | Key specs |
Endeavour Titanium 4X2 AT | 1996 cc, Automatic, Diesel
ARAI Mileage: 13.9 kmpl, City Mileage: 12.4 kmpl |
Endeavour Titanium Plus 4X2 AT | 1996 cc, Automatic, Diesel
ARAI Mileage: 13.9 kmpl, City Mileage: 12.4 kmpl |
Endeavour Titanium Plus 4X4 AT | 1996 cc, Automatic, Diesel
ARAI Mileage:13.9 kmpl, City Mileage: 12.4 kmpl |
Endeavour Sport Edition | 1996 cc, Automatic, Diesel
ARAI Mileage: 13.9 kmpl, City Mileage: 12.4 kmpl |
How to get Ford Endeavour Car Loan
Ford Endeavor is an excellent purchase decision for customers interested in buying a premium SUV from a reputable car manufacturer. However, all banks and NBFC might not be able to fund the car’s value for their customers.
To save interested customers the trouble, the easiest method of getting a car loan for Ford Endeavor is with the help of India First Financial Helpline, Dialabank.
To find the best car loan for all kinds of four-wheelers, visit the Dialabank website.
OR
Call us at Dialabank: 9878981166
News for Car Loan for Ford Endeavour
31-05-2021:
This Ford Ranger spy shot shows the next-generation Endeavour. Ford has been testing the new-generation Ranger pickup truck in Australia, and we’ve seen spy photos of it on the internet. The design of the headlights is intriguing. It’s comparable to the C-shaped body of the new, much larger F150 pickup truck, which has smaller portions of the headlights inside the ‘C.’
24-04-2021:
The Fortuner and Endeavour are both SUVs that can do it all, whether it’s room, comfort, or the capacity to drive everywhere. But how much are they going to cost you in the long run? After all, gas costs are rising, and increased fuel economy is never a bad thing. So we put these two SUVs through a fuel economy test to see which one gives you the best bang for your cash.
20-04-2021:
The Endeavour’s price has been hiked by up to Rs 80,000. As a result, the Ford Endeavour costs have risen for the second time in four months. In January 2021, the popular SUV experienced a price increase of up to Rs 35,000.
Previously priced between Rs 29.99 lakh and Rs 35.45 lakh (ex-showroom, Delhi), the Ford Endeavour is now priced between Rs 29.99 lakh and Rs 36.25 lakh (ex-showroom, Delhi).
FAQs Car Loan for Ford Endeavour
✅ Is Ford Endeavor a good investment?
Yes, Ford Endeavour is a segment-leading car that possesses all the modern perks and a trustworthy past. The current version of the Endeavour is the second generation of the vehicle. This shows the successful performance history of the car and the brand as well in the Indian SUV market.
✅ What is the Ford Endeavour’s accurate on-road price?
Endeavour’s on-road pricing in Delhi starts at Rs. 35,27,380. RTO fees and insurance are included in the on-road pricing.
✅ Endeavour or Gloster: which automobile is better?
The Endeavour costs Rs 29.99 lakh ex-showroom, while the Gloster costs Rs 29.98 lakh ex-showroom. Although each car has its advantages, it depends on the customers which features appear more critical for a vehicle.
✅ What will the Ford Endeavour’s EMI or down payment be?
The EMI for a Ford Endeavour starts at 68,238 a month for a 60-month term at 9.8% for a loan sum of Rs 32.27 lakh and a down payment of Rs 3.59 lakh.