Renault Lodgy Car Loan EMI Calculator

₹ 15,386.
Here is how - Renault Lodgy price starts from ₹ 8,60,276 in Kolkata. If you pay a down payment of ₹ 1,01,477 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,386.

The cheapest Lodgy model is 85 PS STD 8 STR which is priced at ₹ 8,60,276 in Kolkata. You will need to pay at least a ₹ 1,01,477 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 Lodgy.

Version	On-road price in Kolkata	Max Loan
85 PS RxE 8 STR	₹ 11,22,218	₹ 9,99,999
85 PS STD 8 STR	₹ 8,60,276	₹ 7,58,799
110 PS RxL [2015-2016]	₹ 11,92,631	₹ 10,71,229
85 PS RXL [2015-2016]	₹ 11,40,098	₹ 10,29,800
85 PS RXZ [2015-2016]	₹ 12,95,786	₹ 11,65,087
110 PS RXZ [2015-2016]	₹ 13,64,412	₹ 12,27,527
110 PS RXZ 7 STR [2015-2016]	₹ 13,98,724	₹ 12,58,747
110 PS RXZ STEPWAY [2015-2016]	₹ 14,09,944	₹ 12,68,955
110 PS RXZ 7 STR STEPWAY [2015-2016]	₹ 14,44,256	₹ 13,00,175
85 PS RxE 7 STR	₹ 11,22,218	₹ 9,99,999
110 PS RxL 7 STR [2016]	₹ 11,92,631	₹ 10,71,229
110 PS World Edition 8 STR	₹ 12,16,126	₹ 10,78,099
85 PS World Edition 8 STR	₹ 11,43,793	₹ 10,12,799
85 PS RXL Stepway 8 STR	₹ 12,26,929	₹ 10,88,899
85 PS RXZ Stepway 8 STR	₹ 13,13,533	₹ 11,68,099
110 PS RXL Stepway 8 STR	₹ 12,50,908	₹ 11,09,499
110 PS RXZ Stepway 8 STR	₹ 14,02,653	₹ 12,49,599
110 PS RXZ Stepway 7 STR	₹ 14,02,653	₹ 12,49,599

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 Lodgy 85 PS STD 8 STR will be ₹ 13,408 but you will have to pay interest of ₹ 3,67,473 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 ₹ 26,958, but your interest payment will be only ₹ 2,11,689 over the 3 years period.

₹ 15,386
Renault Lodgy price starts from ₹ 8,60,276 in Kolkata.

We have considered
Down-payement : ₹ 1,01,477
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,87,000

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 Lodgy starts from ₹ 8.60 Lakh, you can get a loan with an annual income as low as ₹ 2.87 lakh.

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

• 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.