Kia Carens Car Loan EMI Calculator

₹ 21,329.
Here is how - Kia Carens price starts from ₹ 12,54,067 in Mumbai. If you pay a down payment of ₹ 2,02,167 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,329.

The cheapest Carens model is Premium 1.5 Petrol 7 STR which is priced at ₹ 12,54,067 in Mumbai. You will need to pay at least a ₹ 2,02,167 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	₹ 12,54,067	₹ 10,51,900
Premium (O) 1.5 Petrol 7 STR	₹ 13,00,835	₹ 10,91,900
Prestige 1.5 Petrol 7 STR	₹ 14,23,601	₹ 11,96,900
Prestige (O) 1.5 Petrol 7 STR	₹ 14,41,139	₹ 12,11,900
Prestige (O) 1.5 Petrol 6 STR	₹ 14,41,139	₹ 12,11,900
Premium (O) 1.5 Turbo Petrol iMT 7 STR	₹ 14,76,215	₹ 12,41,900
Prestige 1.5 Turbo Petrol iMT 7 STR	₹ 16,16,519	₹ 13,61,900
Luxury 1.5 Turbo Petrol iMT 7 STR	₹ 19,83,052	₹ 16,71,900
Luxury Plus 1.5 Turbo Petrol iMT 6 STR	₹ 21,05,818	₹ 17,76,900
Luxury Plus 1.5 Turbo Petrol iMT 7 STR	₹ 21,11,664	₹ 17,81,900
Luxury Plus 1.5 Turbo Petrol DCT 6 STR	₹ 22,11,047	₹ 18,66,900
Luxury Plus 1.5 Turbo Petrol DCT 7 STR	₹ 22,16,893	₹ 18,71,900
X Line 1.5 Turbo Petrol DCT 6 STR	₹ 22,75,353	₹ 19,21,900
X Line 1.5 Turbo Petrol DCT 7 STR	₹ 22,75,353	₹ 19,21,900
Premium 1.5 Diesel MT 7 STR	₹ 15,31,290	₹ 12,66,900
Prestige 1.5 Diesel MT 7 STR	₹ 16,91,886	₹ 14,01,900
Prestige Plus 1.5 Diesel MT 7 STR	₹ 18,68,459	₹ 15,46,900
Luxury 1.5 Diesel MT 7 STR	₹ 20,70,691	₹ 17,16,900
Luxury Plus 1.5 Diesel MT 7 STR	₹ 21,89,651	₹ 18,16,900
Luxury Plus 1.5 Diesel MT 6 STR	₹ 21,89,651	₹ 18,16,900
Luxury 1.5 Diesel iMT 7 STR	₹ 20,82,587	₹ 17,26,900
Luxury Plus 1.5 Diesel iMT 7 STR	₹ 22,13,444	₹ 18,36,900
Luxury Plus 1.5 Diesel iMT 6 STR	₹ 22,13,444	₹ 18,36,900
Luxury Plus 1.5 Diesel AT 7 STR	₹ 23,02,664	₹ 19,11,900
Luxury Plus 1.5 Diesel AT 6 STR	₹ 23,14,560	₹ 19,21,900
X Line 1.5 Diesel AT 6 STR	₹ 23,68,092	₹ 19,66,900
Prestige Plus 1.5 Turbo Petrol iMT 7 STR	₹ 17,68,516	₹ 14,91,900
Prestige Plus (O) 1.5 Turbo DCT 7 STR	₹ 19,12,900	₹ 16,11,900
Premium (O) 1.5 Diesel MT 7 STR	₹ 15,61,030	₹ 12,91,900
Prestige Plus (O) 1.5 Diesel AT 7 STR	₹ 19,99,315	₹ 16,56,900

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 ₹ 19,546 but you will have to pay interest of ₹ 5,89,964 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 ₹ 39,298, but your interest payment will be only ₹ 3,62,828 over the 3 years period.

₹ 21,329
Kia Carens price starts from ₹ 12,54,067 in Mumbai.

We have considered
Down-payement : ₹ 2,02,167
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 ₹ 4,19,000

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 ₹ 12.54 Lakh, you can get a loan with an annual income as low as ₹ 4.19 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.