Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,945.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,97,430 in Hyderabad. If you pay a down payment of ₹ 1,06,961 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,945.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,97,430 in Hyderabad. You will need to pay at least a ₹ 1,06,961 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 Hyderabad	Max Loan
K2 6 STR	₹ 5,97,430	₹ 4,90,469
K2 Plus 6 STR [2017-2020]	₹ 6,44,611	₹ 5,31,095
K4 Plus 6 STR [2017-2020]	₹ 6,98,308	₹ 5,77,168
K6 Plus 6 STR [2017-2020]	₹ 7,93,349	₹ 6,58,852
K8 6 STR [2017-2020]	₹ 8,32,456	₹ 6,92,461
K2 D 6 STR	₹ 7,18,304	₹ 5,94,352
K2 Plus D 6 STR	₹ 7,47,321	₹ 6,19,291
K4 Plus D 6 STR	₹ 8,04,424	₹ 6,68,370
K6 Plus D 6 STR	₹ 9,04,754	₹ 7,54,597
K8 D 6 STR	₹ 9,44,084	₹ 7,88,401
K4 Plus 5 STR	₹ 6,90,870	₹ 5,70,772
K6 Plus 5 STR	₹ 7,85,934	₹ 6,52,477
K8 5 STR	₹ 8,25,036	₹ 6,86,086
K8 6 STR Dual Tone [2017-2020]	₹ 8,41,176	₹ 6,99,956
K4 Plus D 5 STR	₹ 7,96,930	₹ 6,61,929
K6 Plus D 5 STR	₹ 8,97,283	₹ 7,48,177
K8 D 5 STR	₹ 9,36,614	₹ 7,81,981
K8 D 6 STR Dual Tone	₹ 9,45,754	₹ 7,95,896
K2 Plus 6 STR	₹ 7,53,260	₹ 6,16,350
K4 Plus 6 STR	₹ 8,09,624	₹ 6,63,837
K6 Plus 6 STR	₹ 9,09,043	₹ 7,47,095
K8 6 STR	₹ 9,50,522	₹ 7,82,550
K8 6 STR Dual Tone	₹ 9,59,407	₹ 7,90,037

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 ₹ 9,312 but you will have to pay interest of ₹ 2,91,739 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 ₹ 18,721, but your interest payment will be only ₹ 1,83,487 over the 3 years period.

₹ 9,945
Mahindra KUV100 NXT price starts from ₹ 5,97,430 in Hyderabad.

We have considered
Down-payement : ₹ 1,06,961
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 ₹ 2,00,000

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 ₹ 5.97 Lakh, you can get a loan with an annual income as low as ₹ 2 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.