Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,899.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,57,820 in Delhi. If you pay a down payment of ₹ 69,626 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,899.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,57,820 in Delhi. You will need to pay at least a ₹ 69,626 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 KUV100 NXT.

Version	On-road price in Delhi	Max Loan
K2 6 STR	₹ 5,57,820	₹ 4,88,194
K2 Plus 6 STR [2017-2020]	₹ 6,05,188	₹ 5,32,184
K4 Plus 6 STR [2017-2020]	₹ 6,56,294	₹ 5,79,645
K6 Plus 6 STR [2017-2020]	₹ 7,30,683	₹ 6,31,144
K8 6 STR [2017-2020]	₹ 7,99,754	₹ 6,93,550
K2 D 6 STR	₹ 6,74,212	₹ 5,90,798
K2 Plus D 6 STR	₹ 7,05,126	₹ 6,19,243
K4 Plus D 6 STR	₹ 7,82,347	₹ 6,67,273
K6 Plus D 6 STR	₹ 8,80,471	₹ 7,54,548
K8 D 6 STR	₹ 9,17,299	₹ 7,87,304
K4 Plus 5 STR	₹ 6,49,408	₹ 5,73,250
K6 Plus 5 STR	₹ 7,30,685	₹ 6,31,146
K8 5 STR	₹ 7,92,698	₹ 6,87,175
K8 6 STR Dual Tone [2017-2020]	₹ 8,08,049	₹ 7,01,045
K4 Plus D 5 STR	₹ 7,75,106	₹ 6,60,832
K6 Plus D 5 STR	₹ 8,73,253	₹ 7,48,128
K8 D 5 STR	₹ 9,10,081	₹ 7,80,884
K8 D 6 STR Dual Tone	₹ 9,15,137	₹ 7,94,800
K2 Plus 6 STR	₹ 7,02,665	₹ 6,17,834
K4 Plus 6 STR	₹ 7,56,272	₹ 6,66,709
K6 Plus 6 STR	₹ 8,02,613	₹ 7,17,074
K8 6 STR	₹ 8,84,953	₹ 7,84,034
K8 6 STR Dual Tone	₹ 8,93,164	₹ 7,91,520

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 KUV100 NXT K2 6 STR will be ₹ 8,694 but you will have to pay interest of ₹ 2,42,102 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 ₹ 17,480, but your interest payment will be only ₹ 1,41,086 over the 3 years period.

₹ 9,899
Mahindra KUV100 NXT price starts from ₹ 5,57,820 in Delhi.

We have considered
Down-payement : ₹ 69,626
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy KUV100 NXT with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,86,000

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 KUV100 NXT starts from ₹ 5.58 Lakh, you can get a loan with an annual income as low as ₹ 1.86 lakh.

Here are the most important things you should consider while getting a car loan for a new KUV100 NXT

• 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.