Kia Carens Car Loan EMI Calculator

₹ 21,187.
Here is how - Kia Carens price starts from ₹ 12,45,882 in Mumbai. If you pay a down payment of ₹ 2,00,982 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,187.

The cheapest Carens model is Premium 1.5 Petrol 7 STR which is priced at ₹ 12,45,882 in Mumbai. You will need to pay at least a ₹ 2,00,982 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.

Version	On-road price in Mumbai	Max Loan
Premium 1.5 Petrol 7 STR	₹ 12,45,882	₹ 10,44,900
Prestige 1.5 Petrol 7 STR	₹ 13,86,186	₹ 11,64,900
Premium 1.5 Diesel iMT 7 STR	₹ 15,28,911	₹ 12,64,900
Prestige 1.5 Diesel iMT 7 STR	₹ 16,71,663	₹ 13,84,900
Prestige Plus 1.5 Diesel iMT 7 STR	₹ 18,54,183	₹ 15,34,900
Luxury 1.5 Diesel iMT 7 STR	₹ 20,26,676	₹ 16,79,900
Luxury Plus 1.5 Diesel iMT 6 STR	₹ 21,69,428	₹ 17,99,900
Luxury Plus 1.5 Diesel iMT 7 STR	₹ 21,69,428	₹ 17,99,900
Luxury Plus 1.5 Diesel AT 6 STR	₹ 22,76,492	₹ 18,89,900
Luxury Plus 1.5 Diesel AT 7 STR	₹ 22,82,440	₹ 18,94,900
Luxury Plus 1.5 Turbo Petrol DCT 6 STR	₹ 21,79,478	₹ 18,39,900
Luxury Plus 1.5 Turbo Petrol DCT 7 STR	₹ 21,85,324	₹ 18,44,900
Prestige Plus 1.5 Turbo Petrol DCT 7 STR	₹ 18,69,406	₹ 15,74,700
Luxury Plus 1.5 Turbo Petrol iMT 7 STR	₹ 20,80,096	₹ 17,54,900
Luxury Plus 1.5 Turbo Petrol iMT 6 STR	₹ 20,74,250	₹ 17,49,900
Prestige 1.5 Turbo Petrol iMT 7 STR	₹ 15,73,259	₹ 13,24,900
Prestige Plus 1.5 Turbo Petrol iMT 7 STR	₹ 17,48,639	₹ 14,74,900
Premium 1.5 Turbo Petrol iMT 7 STR	₹ 14,27,108	₹ 11,99,900
Luxury 1.5 Turbo Petrol iMT 7 STR	₹ 19,22,253	₹ 16,19,900
Premium 1.4 Petrol 7 STR	₹ 13,74,494	₹ 11,54,900
Luxury Plus 1.4 Petrol 7 STR	₹ 20,21,636	₹ 17,04,900

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 Premium 1.5 Petrol 7 STR will be ₹ 19,419 but you will have to pay interest of ₹ 5,86,296 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 ₹ 39,041, but your interest payment will be only ₹ 3,60,576 over the 3 years period.

₹ 21,187
Kia Carens price starts from ₹ 12,45,882 in Mumbai.

We have considered
Down-payement : ₹ 2,00,982
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,16,000

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 starts from ₹ 12.46 Lakh, you can get a loan with an annual income as low as ₹ 4.16 lakh.

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

• 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.