Jaguar XJ L Car Loan EMI Calculator

₹ 2,01,869.
Here is how - Jaguar XJ L price starts from ₹ 1,19,65,215 in Mumbai. If you pay a down payment of ₹ 20,09,360 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,01,869.

The cheapest XJ L model is 3.0 Premium Luxury [2016-2018] which is priced at ₹ 1,19,65,215 in Mumbai. You will need to pay at least a ₹ 20,09,360 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 XJ L.

Version	On-road price in Mumbai	Max Loan
3.0 Premium Luxury [2016-2018]	₹ 1,19,65,215	₹ 99,55,855
3.0 Portfolio	₹ 1,33,84,597	₹ 1,10,21,800
2.0 Portfolio	₹ 1,19,11,066	₹ 1,00,79,120
5.0 V8 Autobiography	₹ 2,26,38,855	₹ 1,96,75,177
50	₹ 1,35,15,221	₹ 1,11,29,599
3.0 Premium Luxury	₹ 1,23,51,104	₹ 1,02,57,952

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 XJ L 3.0 Premium Luxury [2016-2018] will be ₹ 1,86,492 but you will have to pay interest of ₹ 57,09,473 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 ₹ 3,74,946, but your interest payment will be only ₹ 35,42,201 over the 3 years period.

₹ 2,01,869
Jaguar XJ L price starts from ₹ 1,19,65,215 in Mumbai.

We have considered
Down-payement : ₹ 20,09,360
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 39,89,000

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 XJ L starts from ₹ 1.20 Crore, you can get a loan with an annual income as low as ₹ 39.89 lakh.

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

• 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.