Renault Lodgy Car Loan EMI Calculator

₹ 18,018.
Here is how - Renault Lodgy price starts from ₹ 10,80,320 in Bangalore. If you pay a down payment of ₹ 1,91,721 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,018.

The cheapest Lodgy model is 85 PS STD 8 STR which is priced at ₹ 10,80,320 in Bangalore. You will need to pay at least a ₹ 1,91,721 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 Bangalore	Max Loan
85 PS RxE 8 STR	₹ 12,09,072	₹ 9,93,599
85 PS STD 8 STR	₹ 10,80,320	₹ 8,88,599
110 PS RxL [2015-2016]	₹ 13,00,177	₹ 10,54,502
85 PS RXL [2015-2016]	₹ 11,82,884	₹ 9,84,781
85 PS RXZ [2015-2016]	₹ 14,12,753	₹ 11,47,563
110 PS RXZ [2015-2016]	₹ 14,87,656	₹ 12,09,481
110 PS RXZ 7 STR [2015-2016]	₹ 15,45,223	₹ 12,40,440
110 PS RXZ STEPWAY [2015-2016]	₹ 15,37,369	₹ 12,50,576
110 PS RXZ 7 STR STEPWAY [2015-2016]	₹ 15,95,621	₹ 12,81,535
85 PS RxE 7 STR	₹ 12,09,072	₹ 9,93,599
110 PS RxL 7 STR [2016]	₹ 13,17,195	₹ 10,54,502
110 PS World Edition 8 STR	₹ 13,46,045	₹ 10,73,199
85 PS World Edition 8 STR	₹ 12,06,882	₹ 9,93,199
85 PS RXL Stepway 8 STR	₹ 13,45,169	₹ 10,71,099
85 PS RXZ Stepway 8 STR	₹ 14,51,948	₹ 11,57,699
110 PS RXL Stepway 8 STR	₹ 13,84,991	₹ 11,04,299
110 PS RXZ Stepway 8 STR	₹ 15,50,834	₹ 12,37,899
110 PS RXZ Stepway 7 STR	₹ 15,50,834	₹ 12,37,899

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 ₹ 16,838 but you will have to pay interest of ₹ 5,25,793 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 ₹ 33,853, but your interest payment will be only ₹ 3,30,109 over the 3 years period.

₹ 18,018
Renault Lodgy price starts from ₹ 10,80,320 in Bangalore.

We have considered
Down-payement : ₹ 1,91,721
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 ₹ 3,61,000

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 ₹ 10.80 Lakh, you can get a loan with an annual income as low as ₹ 3.61 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.