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Renault Kiger Car Loan EMI Calculator

Best Renault Kiger Car Loan EMI Calculator With Downpayment - Check out the Cheapest Renault Kiger Car Loan EMI Calculator With Downpayment from all banks with lower inerest rates, Loan for 5 Years, 7 Years and 8 Years plan with minimum eligibility and documentations with Private Banks and Govt Banks. Check out the Interest Rates of Hyundai Car Loan EMI of All Private and Government Banks HDFC Bank, ICICI Bank, Syndicate Bank, SBI Bank, Kotak Mahindra Bank, Canara Bank, IDBI First Bank, HSBC Bank, Punjab National Bank and many more.

Renault Kiger

The EMI for a Renault Kiger starts at ₹ 22,561 per month for a 60-month term at 9.8 percent for a loan amount of ₹ 10.09 Lakh*. The AutoSpyders EMI Calculator tool provides a full breakdown of the entire due amount and assists you in choosing the best vehicle loan for your Kiger.

Renault Kiger Down Payment and EMI

Renault Kiger VARIANTS
LOAN @ RATE%
DOWN PAYMENT
EMI AMOUNT (60 MONTHS)
EMI AMOUNT (84 MONTHS)
Renault Kiger RXE
9.8%
₹ 63,000
₹ 12,078
₹ 9,422
Renault Kiger RXL
9.8%
₹ 75,000
₹ 14,283
₹ 11,142
Renault Kiger RXT
9.8%
₹ 80,000
₹ 15,299
₹ 11,935
Renault Kiger RXL AMT
9.8%
₹ 81,000
₹ 15,325
₹ 11,955
Renault Kiger RXT DT
9.8%
₹ 83,000
₹ 15,731
₹ 12,271
Renault Kiger RXT Opt
9.8%
₹ 84,000
₹ 16,056
₹ 12,525
Renault Kiger RXT AMT
9.8%
₹ 86,000
₹ 16,341
₹ 12,747
Renault Kiger RXT Opt DT
9.8%
₹ 87,000
₹ 16,487
₹ 12,862
Renault Kiger RXT AMT DT
9.8%
₹ 88,000
₹ 16,793
₹ 13,101
Renault Kiger RXT AMT Opt
9.8%
₹ 90,000
₹ 17,127
₹ 13,360
Renault Kiger RXZ
9.8%
₹ 90,000
₹ 17,168
₹ 13,392
Renault Kiger RXT AMT Opt DT
9.8%
₹ 92,000
₹ 17,579
₹ 13,714
Renault Kiger RXZ DT
9.8%
₹ 93,000
₹ 17,599
₹ 13,729
Renault Kiger RXT Turbo
9.8%
₹ 92,000
₹ 17,616
₹ 13,742
Renault Kiger RXT Turbo DT
9.8%
₹ 95,000
₹ 18,048
₹ 14,079
Renault Kiger RXZ AMT
9.8%
₹ 96,000
₹ 18,209
₹ 14,205
Renault Kiger RXZ AMT DT
9.8%
₹ 98,000
₹ 18,662
₹ 14,558
Renault Kiger RXT Turbo CVT
9.8%
₹ 1,02,000
₹ 19,448
₹ 15,171
Renault Kiger RXZ Turbo
9.8%
₹ 1,02,000
₹ 19,485
₹ 15,200
Renault Kiger RXT Turbo CVT DT
9.8%
₹ 1,04,000
₹ 19,901
₹ 15,524
Renault Kiger RXZ Turbo DT
9.8%
₹ 1,05,000
₹ 19,916
₹ 15,537
Renault Kiger RXZ Turbo CVT
9.8%
₹ 1,12,000
₹ 21,360
₹ 16,663
Renault Kiger RXZ Turbo CVT DT
9.8%
₹ 1,19,000
₹ 22,561
₹ 17,600

Due to the many auto loan options given by various lenders, it is much easier to acquire your ideal car nowadays. Car loans are available with low interest rates and up to an 8-year payback period. A Car Loan EMI Calculator is available from a variety of banks and third-party websites, and it helps you to calculate the Equated Monthly Instalments (EMIs) that must be paid. AutoSpyder's Car Loan EMI Calculator is simple to use and completely free. To calculate the EMI, basic information such as the payback term, principle amount, and interest rate must be input.

Car Loan EMI Structure of Renault Kiger RXE

Model Name

Renault Kiger RXE

Price

₹ 5.64 Lakh* (Ex-Showroom)

Loan Amount

₹ 5,71,099

Downpayment

₹ 63,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 99,353
₹ 1,53,583
₹ 1,41,263
₹ 2,20,350
Total Amount Payable
₹ 6,70,452
₹ 7,24,682
₹ 7,12,362
₹ 7,91,449

Monthly EMI

₹ 11,174

₹ 12,078

₹ 8,480

₹ 9,422

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXL

Model Name

Renault Kiger RXL

Price

₹ 6.54 Lakh* (Ex-Showroom)

Loan Amount

₹ 6,75,370

Downpayment

₹ 75,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,17,493
₹ 1,81,625
₹ 1,67,055
₹ 2,60,581
Total Amount Payable
₹ 7,92,863
₹ 8,56,995
₹ 8,42,425
₹ 9,35,951

Monthly EMI

₹ 13,214

₹ 14,283

₹ 10,029

₹ 11,142

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT

Model Name

Renault Kiger RXT

Price

₹ 7.02 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,23,412

Downpayment

₹ 80,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,25,851
₹ 1,94,544
₹ 1,78,938
₹ 2,79,117
Total Amount Payable
₹ 8,49,263
₹ 9,17,956
₹ 9,02,350
₹ 10,02,529

Monthly EMI

₹ 14,154

₹ 15,299

₹ 10,742

₹ 11,935

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXL AMT

Model Name

Renault Kiger RXL AMT

Price

₹ 7.04 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,24,622

Downpayment

₹ 81,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,26,062
₹ 1,94,870
₹ 1,79,237
₹ 2,79,584
Total Amount Payable
₹ 8,50,684
₹ 9,19,492
₹ 9,03,859
₹ 10,04,206

Monthly EMI

₹ 14,178

₹ 15,325

₹ 10,760

₹ 11,955

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT DT

Model Name

Renault Kiger RXT DT

Price

₹ 7.22 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,43,812

Downpayment

₹ 83,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,29,400
₹ 2,00,031
₹ 1,83,984
₹ 2,86,988
Total Amount Payable
₹ 8,73,212
₹ 9,43,843
₹ 9,27,796
₹ 10,30,800

Monthly EMI

₹ 14,554

₹ 15,731

₹ 11,045

₹ 12,271

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT Opt

Model Name

Renault Kiger RXT Opt

Price

₹ 7.37 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,59,185

Downpayment

₹ 84,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,32,075
₹ 2,04,165
₹ 1,87,786
₹ 2,92,920
Total Amount Payable
₹ 8,91,260
₹ 9,63,350
₹ 9,46,971
₹ 10,52,105

Monthly EMI

₹ 14,854

₹ 16,056

₹ 11,273

₹ 12,525

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT AMT

Model Name

Renault Kiger RXT AMT

Price

₹ 7.52 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,72,665

Downpayment

₹ 86,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,34,420
₹ 2,07,790
₹ 1,91,121
₹ 2,98,121
Total Amount Payable
₹ 9,07,085
₹ 9,80,455
₹ 9,63,786
₹ 10,70,786

Monthly EMI

₹ 15,118

₹ 16,341

₹ 11,474

₹ 12,747

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT Opt DT

Model Name

Renault Kiger RXT Opt DT

Price

₹ 7.57 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,79,585

Downpayment

₹ 87,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,35,624
₹ 2,09,651
₹ 1,92,832
₹ 3,00,791
Total Amount Payable
₹ 9,15,209
₹ 9,89,236
₹ 9,72,417
₹ 10,80,376

Monthly EMI

₹ 15,253

₹ 16,487

₹ 11,576

₹ 12,862

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT AMT DT

Model Name

Renault Kiger RXT AMT DT

Price

₹ 7.72 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,94,065

Downpayment

₹ 88,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,38,143
₹ 2,13,545
₹ 1,96,414
₹ 3,06,378
Total Amount Payable
₹ 9,32,208
₹ 10,07,610
₹ 9,90,479
₹ 11,00,443

Monthly EMI

₹ 15,537

₹ 16,793

₹ 11,791

₹ 13,101

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT AMT Opt

Model Name

Renault Kiger RXT AMT Opt

Price

₹ 7.87 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,09,824

Downpayment

₹ 90,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,40,884
₹ 2,17,783
₹ 2,00,312
₹ 3,12,458
Total Amount Payable
₹ 9,50,708
₹ 10,27,607
₹ 10,10,136
₹ 11,22,282

Monthly EMI

₹ 15,845

₹ 17,127

₹ 12,025

₹ 13,360

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ

Model Name

Renault Kiger RXZ

Price

₹ 7.91 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,11,763

Downpayment

₹ 90,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,41,222
₹ 2,18,304
₹ 2,00,792
₹ 3,13,206
Total Amount Payable
₹ 9,52,985
₹ 10,30,067
₹ 10,12,555
₹ 11,24,969

Monthly EMI

₹ 15,883

₹ 17,168

₹ 12,054

₹ 13,392

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT AMT Opt DT

Model Name

Renault Kiger RXT AMT Opt DT

Price

₹ 8.07 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,31,224

Downpayment

₹ 92,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,44,607
₹ 2,23,538
₹ 2,05,605
₹ 3,20,715
Total Amount Payable
₹ 9,75,831
₹ 10,54,762
₹ 10,36,829
₹ 11,51,939

Monthly EMI

₹ 16,264

₹ 17,579

₹ 12,343

₹ 13,714

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ DT

Model Name

Renault Kiger RXZ DT

Price

₹ 8.11 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,32,163

Downpayment

₹ 93,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,44,770
₹ 2,23,790
₹ 2,05,838
₹ 3,21,077
Total Amount Payable
₹ 9,76,933
₹ 10,55,953
₹ 10,38,001
₹ 11,53,240

Monthly EMI

₹ 16,282

₹ 17,599

₹ 12,357

₹ 13,729

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT Turbo

Model Name

Renault Kiger RXT Turbo

Price

₹ 8.12 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,32,969

Downpayment

₹ 92,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,44,911
₹ 2,24,007
₹ 2,06,037
₹ 3,21,388
Total Amount Payable
₹ 9,77,880
₹ 10,56,976
₹ 10,39,006
₹ 11,54,357

Monthly EMI

₹ 16,298

₹ 17,616

₹ 12,369

₹ 13,742

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT Turbo DT

Model Name

Renault Kiger RXT Turbo DT

Price

₹ 8.32 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,53,369

Downpayment

₹ 95,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,48,460
₹ 2,29,493
₹ 2,11,083
₹ 3,29,259
Total Amount Payable
₹ 10,01,829
₹ 10,82,862
₹ 10,64,452
₹ 11,82,628

Monthly EMI

₹ 16,697

₹ 18,048

₹ 12,672

₹ 14,079

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ AMT

Model Name

Renault Kiger RXZ AMT

Price

₹ 8.41 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,61,015

Downpayment

₹ 96,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,49,790
₹ 2,31,550
₹ 2,12,974
₹ 3,32,209
Total Amount Payable
₹ 10,10,805
₹ 10,92,565
₹ 10,73,989
₹ 11,93,224

Monthly EMI

₹ 16,847

₹ 18,209

₹ 12,786

₹ 14,205

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ AMT DT

Model Name

Renault Kiger RXZ AMT DT

Price

₹ 8.61 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,82,415

Downpayment

₹ 98,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,53,513
₹ 2,37,305
₹ 2,18,268
₹ 3,40,466
Total Amount Payable
₹ 10,35,928
₹ 11,19,720
₹ 11,00,683
₹ 12,22,881

Monthly EMI

₹ 17,265

₹ 18,662

₹ 13,103

₹ 14,558

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT Turbo CVT

Model Name

Renault Kiger RXT Turbo CVT

Price

₹ 9.00 Lakh* (Ex-Showroom)

Loan Amount

₹ 9,19,583

Downpayment

₹ 1,02,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,59,979
₹ 2,47,300
₹ 2,27,461
₹ 3,54,807
Total Amount Payable
₹ 10,79,562
₹ 11,66,883
₹ 11,47,044
₹ 12,74,390

Monthly EMI

₹ 17,993

₹ 19,448

₹ 13,655

₹ 15,171

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ Turbo

Model Name

Renault Kiger RXZ Turbo

Price

₹ 9.01 Lakh* (Ex-Showroom)

Loan Amount

₹ 9,21,319

Downpayment

₹ 1,02,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,60,281
₹ 2,47,767
₹ 2,27,891
₹ 3,55,477
Total Amount Payable
₹ 10,81,600
₹ 11,69,086
₹ 11,49,210
₹ 12,76,796

Monthly EMI

₹ 18,027

₹ 19,485

₹ 13,681

₹ 15,200

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXT Turbo CVT DT

Model Name

Renault Kiger RXT Turbo CVT DT

Price

₹ 9.20 Lakh* (Ex-Showroom)

Loan Amount

₹ 9,40,983

Downpayment

₹ 1,04,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,63,702
₹ 2,53,055
₹ 2,32,755
₹ 3,63,064
Total Amount Payable
₹ 11,04,685
₹ 11,94,038
₹ 11,73,738
₹ 13,04,047

Monthly EMI

₹ 18,411

₹ 19,901

₹ 13,973

₹ 15,524

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ Turbo DT

Model Name

Renault Kiger RXZ Turbo DT

Price

₹ 9.21 Lakh* (Ex-Showroom)

Loan Amount

₹ 9,41,719

Downpayment

₹ 1,05,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,63,830
₹ 2,53,253
₹ 2,32,937
₹ 3,63,348
Total Amount Payable
₹ 11,05,549
₹ 11,94,972
₹ 11,74,656
₹ 13,05,067

Monthly EMI

₹ 18,426

₹ 19,916

₹ 13,984

₹ 15,537

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ Turbo CVT

Model Name

Renault Kiger RXZ Turbo CVT

Price

₹ 9.89 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,10,003

Downpayment

₹ 1,12,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,75,709
₹ 2,71,616
₹ 2,49,827
₹ 3,89,694
Total Amount Payable
₹ 11,85,712
₹ 12,81,619
₹ 12,59,830
₹ 13,99,697

Monthly EMI

₹ 19,762

₹ 21,360

₹ 14,998

₹ 16,663

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Renault Kiger RXZ Turbo CVT DT

Model Name

Renault Kiger RXZ Turbo CVT DT

Price

₹ 10.09 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,66,764

Downpayment

₹ 1,19,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,85,584
₹ 2,86,881
₹ 2,63,867
₹ 4,11,594
Total Amount Payable
₹ 12,52,348
₹ 13,53,645
₹ 13,30,631
₹ 14,78,358

Monthly EMI

₹ 20,872

₹ 22,561

₹ 15,841

₹ 17,600

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

About Renault Kiger

On February 15, 2021, Renault India unveiled the Kiger in India. Renault Kiger is available in Radiant Red, Caspian Blue, Ice Cool White, Moonlight Grey, Planet Grey, and Mahogany Brown are among the six exterior colours offered across four trim levels: RXE, RXL, RXT, and RXZ. LED headlights, LED DRLs, 16-inch diamond-cut alloy wheels, muscular wheel arches and body cladding, silver roof rails, LED tail lights, and an integrated spoiler are among the exterior features of the 2021 Renault Kiger.

The Renault Kiger has an eight-inch touchscreen infotainment system with Apple CarPlay and Android Auto, wireless charging, automated climate control, driving modes, cruise control, a completely digital instrument cluster, ambient lighting, rear AC vents, and an air purifier on the inside. Four airbags, ABS with EBD, speed alert system, seat-belt reminders, and rear parking sensors are included in the model's safety features.

The new Renault Kiger comes with two engine options: a 1.0-litre NA petrol engine that generates 70bhp and 96Nm of torque, and a 1.0-litre turbo-petrol engine that produces 97bhp and 160Nm of torque. A five-speed manual transmission is standard, although an automatic transmission (AMT) and a continuously variable transmission (CVT) are available as options with the former and latter, respectively. The Nissan Magnite, Kia Sonet, Maruti Suzuki Vitara Brezza, Hyundai Venue, Toyota Urban Cruiser, Tata Nexon, Mahindra XUV300, and Ford EcoSport will all be competitors.

Car Loan EMI Table

Loan amount (Rs.)
Interest rate
EMI for 2 years (Rs.)
EMI for 3 years (Rs.)
EMI for 4 years (Rs.)
EMI for 5 years (Rs.)
EMI for 6 years (Rs.)
EMI for 7 years (Rs.)
1 lakh
9.75%
₹ 4,603
₹ 3,215
₹ 2,524
₹ 2,112
₹ 1,840
₹ 1,647
5 lakh
9.75%
₹ 23,015
₹ 16,075
₹ 12,621
₹ 10,562
₹ 9,200
₹ 8,236
10 lakh
9.75%
₹ 46,030
₹ 32,150
₹ 25,243
₹ 21,124
₹ 18,400
₹ 16,472
15 lakh
9.75%
₹ 69,044
₹ 48,225
₹ 37,864
₹ 31,686
₹ 27,600
₹ 24,708
20 lakh
9.75%
₹ 92,059
₹ 64,300
₹ 50,485
₹ 42,248
₹ 36,800
₹ 32,945
25 lakh
9.75%
₹ 1,15,074
₹ 80,375
₹ 63,107
₹ 52,811
₹ 46,000
₹ 41,181
30 lakh
9.75%
₹ 1,38,089
₹ 96,450
₹ 75,728
₹ 63,373
₹ 55,200
₹ 49,417
35 lakh
9.75%
₹ 1,61,104
₹ 1,12,525
₹ 88,349
₹ 73,935
₹ 64,400
₹ 57,653
Car Loan EMI Calculator

The Benefits of Using an EMI Calculator for a Car Loan

  • The Following is a breakdown of the due amount: The EMI calculator for a car loan allows you to determine the processing costs, interest paid, total amount due, and principle amount.
  • Your Budget Can Be Planned: Once you know how much EMI you'll have to pay, you can make a budget. If the loan amount is substantial, you may want to consider a longer repayment period. The vehicle loan EMI calculator can help you figure out these data.
  • Accuracy: The answers presented on the calculator are correct based on the information entered on the calculator. The results of manual computations may not be correct.
  • Saves Time: The main goal of the EMI calculator for a car loan is to save time. The results are presented relatively soon when the appropriate details are submitted.
  • No Limit: There is no limit to how many times you may use the calculator. As a result, you utilise the calculator to experiment with various options. This might assist you in determining the best lender and the required down payment.
  • Compare: You can compare the EMIs for different numbers because the calculator has no restriction on how many times it can be used.

New Car Loan Interest Rates Comparison Offered by Top Lenders

Name of the Lender Interest Rate (p.a.) Loan Amount Processing Fee
Union Bank of India 7.40% onwards Up to ₹ 125 lakh 0.25% to 0.50% of the loan amount
IDBI Bank 7.35% onwards (floating) Up to ₹ 25 lakh -
Axis Bank 7.45% onwards ₹ 1 lakh onwards ₹ 3,500 to ₹ 5,500
State Bank of India 7.20% onwards Up to 48 times of monthly income Nil (Until 31 January 2022)
Jammu And Kashmir Bank

RLLR + 0.75% onwards (floating)

RLLR + 1.50% onwards (fixed)

₹ 50 lakh 0.5% of loan amount Min: ₹ 1,500
Canara Bank Car Loan 7.30% onwards Up to 90% of the car's value 0.25% of loan amount Min: ₹ 1,000 Max: ₹ 5,000
Federal Bank Car Loan 8.50% onwards Up to 100% of the car's ex-showroom price ₹ 1,500 to ₹ 2,500
Bank of Baroda 7.00% onwards ₹ 1,500 (plus GST) 0.5% of loan amount Max: ₹ 10,000
Bank of India Car Loan 7.35% onwards ₹ 200 lakh 0.25% of loan amount

Car Loan Eligibility

Do you have questions regarding your auto loan eligibility and what you can do to improve your chances of being approved? BankBazaar provides you with all of the information you need about vehicle loan eligibility from the most reputable institutions. Get a trustworthy guide to selecting the best auto loan for you so you can make the best decision and apply for the best car loan right now. Your eligibility for a vehicle loan may differ depending on the lender, however many will look for the following criteria:

Particulars Details
Minimum Age of the Applicant 18 years
Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income ₹ 3 lakh
Car Model Any approved car model
Type of Employment Salaried or self-employed
Country or Place of Residence India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence A minimum of 1 year

How is EMI determined

The EMI for any type of loan is essentially calculated using a formula. The formula is as follows:

E = P x R x (1+R)^n / {(1+R)^n – 1}

where ‘E’ stands for the EMI you owe,

‘P’ stands for the principal amount,

‘R’ stands for the interest rate applicable to your car loan,

and ‘n’ stands for the tenure of the car loan (in months).

Disclaimer: The EMI Calculator's computation is based on the information you gave and is only intended to be used as a guide. The figures in this computation are in Indian Rupees and have been rounded to the nearest whole number. Monthly payments are estimated and do not include any processing or other fees that may apply depending on the financial institution / banks. All loan amounts are based on non-commercial use and are contingent on credit clearance from a third-party lender. Depending on the kind and use of the car, regional lender restrictions, and the quality of your credit, the actual down payment and resultant monthly payments may vary. For a precise monthly payment, check with your dealer.

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