Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,928.
Here is how - Mahindra KUV100 NXT price starts from ₹ 6,04,776 in Bangalore. If you pay a down payment of ₹ 1,15,153 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,928.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 6,04,776 in Bangalore. You will need to pay at least a ₹ 1,15,153 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 Bangalore	Max Loan
K2 6 STR	₹ 6,04,776	₹ 4,89,623
K2 Plus 6 STR [2017-2020]	₹ 6,58,849	₹ 5,30,248
K4 Plus 6 STR [2017-2020]	₹ 7,13,981	₹ 5,76,321
K6 Plus 6 STR [2017-2020]	₹ 8,11,860	₹ 6,58,006
K8 6 STR [2017-2020]	₹ 8,52,091	₹ 6,91,614
K2 D 6 STR	₹ 7,34,622	₹ 5,93,493
K2 Plus D 6 STR	₹ 7,64,436	₹ 6,18,432
K4 Plus D 6 STR	₹ 8,23,241	₹ 6,67,510
K6 Plus D 6 STR	₹ 9,26,368	₹ 7,53,737
K8 D 6 STR	₹ 9,66,925	₹ 7,87,541
K4 Plus 5 STR	₹ 6,97,397	₹ 5,69,926
K6 Plus 5 STR	₹ 7,94,805	₹ 6,51,630
K8 5 STR	₹ 8,34,874	₹ 6,85,239
K8 6 STR Dual Tone [2017-2020]	₹ 8,61,051	₹ 6,99,109
K4 Plus D 5 STR	₹ 8,06,059	₹ 6,61,069
K6 Plus D 5 STR	₹ 9,08,884	₹ 7,47,317
K8 D 5 STR	₹ 9,49,185	₹ 7,81,121
K8 D 6 STR Dual Tone	₹ 9,66,686	₹ 7,95,037
K2 Plus 6 STR	₹ 7,56,087	₹ 6,15,677
K4 Plus 6 STR	₹ 8,12,884	₹ 6,63,161
K6 Plus 6 STR	₹ 9,12,473	₹ 7,46,421
K8 6 STR	₹ 9,54,880	₹ 7,81,875
K8 6 STR Dual Tone	₹ 9,63,834	₹ 7,89,360

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 ₹ 9,426 but you will have to pay interest of ₹ 3,02,161 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 ₹ 18,951, but your interest payment will be only ₹ 1,92,613 over the 3 years period.

₹ 9,928
Mahindra KUV100 NXT price starts from ₹ 6,04,776 in Bangalore.

We have considered
Down-payement : ₹ 1,15,153
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 ₹ 2,02,000

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 ₹ 6.05 Lakh, you can get a loan with an annual income as low as ₹ 2.02 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.