Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,913.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,59,250 in Ahmedabad. If you pay a down payment of ₹ 70,376 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,913.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,59,250 in Ahmedabad. You will need to pay at least a ₹ 70,376 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 Ahmedabad	Max Loan
K2 6 STR	₹ 5,59,250	₹ 4,88,874
K2 Plus 6 STR [2017-2020]	₹ 6,03,946	₹ 5,29,499
K4 Plus 6 STR [2017-2020]	₹ 6,54,637	₹ 5,75,572
K6 Plus 6 STR [2017-2020]	₹ 7,44,509	₹ 6,57,257
K8 6 STR [2017-2020]	₹ 7,83,002	₹ 6,90,866
K2 D 6 STR	₹ 6,72,969	₹ 5,92,732
K2 Plus D 6 STR	₹ 7,00,389	₹ 6,17,672
K4 Plus D 6 STR	₹ 7,54,341	₹ 6,66,750
K6 Plus D 6 STR	₹ 8,50,568	₹ 7,52,977
K8 D 6 STR	₹ 8,87,973	₹ 7,86,781
K4 Plus 5 STR	₹ 6,37,880	₹ 5,69,177
K6 Plus 5 STR	₹ 7,26,873	₹ 6,50,882
K8 5 STR	₹ 7,63,480	₹ 6,84,491
K8 6 STR Dual Tone [2017-2020]	₹ 7,91,266	₹ 6,98,361
K4 Plus D 5 STR	₹ 7,37,141	₹ 6,60,309
K6 Plus D 5 STR	₹ 8,31,083	₹ 7,46,557
K8 D 5 STR	₹ 8,67,902	₹ 7,80,361
K8 D 6 STR Dual Tone	₹ 8,80,075	₹ 7,94,276
K2 Plus 6 STR	₹ 6,86,921	₹ 6,14,686
K4 Plus 6 STR	₹ 7,38,363	₹ 6,62,171
K6 Plus 6 STR	₹ 8,31,354	₹ 7,36,273
K8 6 STR	₹ 8,66,968	₹ 7,80,886
K8 6 STR Dual Tone	₹ 8,75,078	₹ 7,88,373

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 ₹ 8,717 but you will have to pay interest of ₹ 2,43,354 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 ₹ 17,525, but your interest payment will be only ₹ 1,42,026 over the 3 years period.

₹ 9,913
Mahindra KUV100 NXT price starts from ₹ 5,59,250 in Ahmedabad.

We have considered
Down-payement : ₹ 70,376
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 ₹ 1,87,000

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 ₹ 5.59 Lakh, you can get a loan with an annual income as low as ₹ 1.87 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.