Kia Carens Clavis EV Car Loan EMI Calculator

₹ 36,477.
Here is how - Kia Carens Clavis EV price starts from ₹ 19,01,593 in Mumbai. If you pay a down payment of ₹ 1,02,593 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 36,477.

The cheapest Carens Clavis EV model is HTK Plus 42.0 kWh 7 STR which is priced at ₹ 19,01,593 in Mumbai. You will need to pay at least a ₹ 1,02,593 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 Carens Clavis EV.

Version	On-road price in Mumbai	Max Loan
HTK Plus 42.0 kWh 7 STR	₹ 19,01,593	₹ 17,99,000
HTX 42.0 kWh 7 STR	₹ 21,61,835	₹ 20,49,000
HTX ER 51.4 kWh 7 STR	₹ 23,70,027	₹ 22,49,000
HTX Plus ER 51.4 kWh 7 STR	₹ 25,78,221	₹ 24,49,000
HTX E 42.0 kWh 7 STR	₹ 21,12,548	₹ 19,99,000
HTX E ER 51.4 kWh 7 STR	₹ 23,19,617	₹ 21,99,000
HTX E 42.0 kWh 6 STR	₹ 21,12,548	₹ 19,99,000
X-Line 51.4 kWh 7 STR	₹ 26,28,721	₹ 24,99,000
HTX ER 51.4 kWh 6 STR	₹ 23,70,027	₹ 22,49,000
HTX 42.0 kWh 6 STR	₹ 21,61,835	₹ 20,49,000
GTX 51.4 kWh 6 STR	₹ 24,31,675	₹ 22,99,000
GTX Plus 51.4 kWh 6 STR	₹ 26,28,721	₹ 24,99,000
HTX Plus ER 51.4 kWh 6 STR	₹ 25,78,221	₹ 24,49,000
X-Line 51.4 kWh 6 STR	₹ 26,28,721	₹ 24,99,000
GTX 51.4 kWh 7 STR	₹ 24,31,675	₹ 22,99,000
GTX Plus 51.4 kWh 7 STR	₹ 26,28,721	₹ 24,99,000
HTX E ER 51.4 kWh 6 STR	₹ 23,19,617	₹ 21,99,000

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 Carens Clavis EV HTK Plus 42.0 kWh 7 STR will be ₹ 29,639 but you will have to pay interest of ₹ 6,90,676 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 ₹ 59,589, but your interest payment will be only ₹ 3,46,204 over the 3 years period.

₹ 36,477
Kia Carens Clavis EV price starts from ₹ 19,01,593 in Mumbai.

We have considered
Down-payement : ₹ 1,02,593
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Carens Clavis EV with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,34,000

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 Carens Clavis EV starts from ₹ 19.02 Lakh, you can get a loan with an annual income as low as ₹ 6.34 lakh.

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

• 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.