Jeep Compass Car Loan EMI Calculator

₹ 43,473.
Here is how - Jeep Compass price starts from ₹ 26,35,218 in Mumbai. If you pay a down payment of ₹ 4,91,218 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 43,473.

The cheapest Compass model is Sport 2.0 Diesel which is priced at ₹ 26,35,218 in Mumbai. You will need to pay at least a ₹ 4,91,218 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 Compass.

Version	On-road price in Mumbai	Max Loan
Sport 1.4 Petrol DCT	₹ 26,45,043	₹ 22,07,000
Limited (O) 1.4 Petrol DCT	₹ 31,23,158	₹ 26,09,000
Model S (O) 1.4 Petrol DCT	₹ 33,84,813	₹ 28,29,000
Sport 2.0 Diesel	₹ 26,35,218	₹ 21,44,000
Limited (O) 2.0 Diesel	₹ 31,44,219	₹ 25,64,000
Model S (O) 2.0 Diesel	₹ 34,10,839	₹ 27,84,000
Limited (O) 2.0 Diesel 4x4 AT	₹ 36,04,745	₹ 29,44,000
Model S (O) Diesel 4x4 AT	₹ 38,71,365	₹ 31,64,000

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 Compass Sport 2.0 Diesel will be ₹ 41,073 but you will have to pay interest of ₹ 13,06,132 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 ₹ 82,578, but your interest payment will be only ₹ 8,28,808 over the 3 years period.

₹ 43,473
Jeep Compass price starts from ₹ 26,35,218 in Mumbai.

We have considered
Down-payement : ₹ 4,91,218
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 8,79,000

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 Compass starts from ₹ 26.35 Lakh, you can get a loan with an annual income as low as ₹ 8.79 lakh.

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

• 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.