Renault Lodgy Car Loan EMI Calculator

₹ 17,505.
Here is how - Renault Lodgy price starts from ₹ 10,03,059 in Delhi. If you pay a down payment of ₹ 1,39,760 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,505.

The cheapest Lodgy model is 85 PS STD 8 STR which is priced at ₹ 10,03,059 in Delhi. You will need to pay at least a ₹ 1,39,760 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 Delhi	Max Loan
85 PS RxE 8 STR	₹ 11,16,500	₹ 9,64,199
85 PS STD 8 STR	₹ 10,03,059	₹ 8,63,299
110 PS RxL [2015-2016]	₹ 12,15,701	₹ 10,40,575
85 PS RXL [2015-2016]	₹ 10,63,123	₹ 9,43,810
85 PS RXZ [2015-2016]	₹ 13,24,029	₹ 11,33,452
110 PS RXZ [2015-2016]	₹ 13,95,456	₹ 11,95,371
110 PS RXZ 7 STR [2015-2016]	₹ 14,31,170	₹ 12,26,330
110 PS RXZ STEPWAY [2015-2016]	₹ 14,43,182	₹ 12,36,649
110 PS RXZ 7 STR STEPWAY [2015-2016]	₹ 14,78,787	₹ 12,67,608
85 PS RxE 7 STR	₹ 11,16,500	₹ 9,64,199
110 PS RxL 7 STR [2016]	₹ 12,20,721	₹ 10,40,575
110 PS World Edition 8 STR	₹ 12,60,300	₹ 10,54,499
85 PS World Edition 8 STR	₹ 11,38,641	₹ 9,88,499
85 PS RXL Stepway 8 STR	₹ 12,64,775	₹ 10,53,899
85 PS RXZ Stepway 8 STR	₹ 13,53,877	₹ 11,30,099
110 PS RXL Stepway 8 STR	₹ 12,90,610	₹ 10,78,499
110 PS RXZ Stepway 8 STR	₹ 14,49,175	₹ 12,11,599
110 PS RXZ Stepway 7 STR	₹ 14,49,175	₹ 12,11,599

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 ₹ 15,634 but you will have to pay interest of ₹ 4,49,957 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 ₹ 31,432, but your interest payment will be only ₹ 2,68,253 over the 3 years period.

₹ 17,505
Renault Lodgy price starts from ₹ 10,03,059 in Delhi.

We have considered
Down-payement : ₹ 1,39,760
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 ₹ 3,35,000

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 ₹ 10.03 Lakh, you can get a loan with an annual income as low as ₹ 3.35 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.