Kia Carens Car Loan EMI Calculator

₹ 21,329.
Here is how - Kia Carens price starts from ₹ 12,48,811 in Mumbai. If you pay a down payment of ₹ 1,96,911 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 ₹ 12,48,811 in Mumbai. You will need to pay at least a ₹ 1,96,911 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	₹ 12,48,811	₹ 10,51,900
Premium (O) 1.5 Petrol 7 STR	₹ 13,23,517	₹ 11,15,900
Prestige 1.5 Petrol 7 STR	₹ 14,21,569	₹ 11,99,900
Prestige (O) 1.5 Petrol 7 STR	₹ 14,33,735	₹ 12,09,900
Prestige (O) 1.5 Petrol 6 STR	₹ 14,33,242	₹ 12,09,900
Premium (O) 1.5 Turbo Petrol iMT 7 STR	₹ 14,86,939	₹ 12,55,900
Prestige 1.5 Turbo Petrol iMT 7 STR	₹ 16,11,817	₹ 13,61,900
Luxury 1.5 Turbo Petrol iMT 7 STR	₹ 19,73,675	₹ 16,71,900
Luxury Plus 1.5 Turbo Petrol iMT 6 STR	₹ 20,95,886	₹ 17,76,900
Luxury Plus 1.5 Turbo Petrol iMT 7 STR	₹ 21,02,076	₹ 17,81,900
Luxury Plus 1.5 Turbo Petrol DCT 6 STR	₹ 22,00,941	₹ 18,66,900
Luxury Plus 1.5 Turbo Petrol DCT 7 STR	₹ 22,31,665	₹ 18,93,900
X Line 1.5 Turbo Petrol DCT 6 STR	₹ 22,89,676	₹ 19,43,900
X Line 1.5 Turbo Petrol DCT 7 STR	₹ 22,90,030	₹ 19,43,900
Premium 1.5 Diesel MT 7 STR	₹ 15,26,140	₹ 12,66,900
Prestige 1.5 Diesel MT 7 STR	₹ 17,01,978	₹ 14,14,900
Prestige Plus 1.5 Diesel MT 7 STR	₹ 18,74,252	₹ 15,59,900
Luxury 1.5 Diesel MT 7 STR	₹ 20,70,288	₹ 17,24,900
Luxury Plus 1.5 Diesel MT 7 STR	₹ 22,00,978	₹ 18,34,900
Luxury Plus 1.5 Diesel MT 6 STR	₹ 21,80,382	₹ 18,16,900
Luxury 1.5 Diesel iMT 7 STR	₹ 20,73,808	₹ 17,26,900
Luxury Plus 1.5 Diesel iMT 7 STR	₹ 22,03,352	₹ 18,36,900
Luxury Plus 1.5 Diesel iMT 6 STR	₹ 22,04,144	₹ 18,36,900
Luxury Plus 1.5 Diesel AT 7 STR	₹ 23,12,658	₹ 19,28,900
Luxury Plus 1.5 Diesel AT 6 STR	₹ 23,05,132	₹ 19,21,900
X Line 1.5 Diesel AT 6 STR	₹ 23,90,671	₹ 19,93,900
Prestige Plus 1.5 Turbo Petrol iMT 7 STR	₹ 17,83,429	₹ 15,09,900
Prestige Plus (O) 1.5 Turbo Petrol DCT 7 STR	₹ 19,24,671	₹ 16,30,900
Premium (O) 1.5 Diesel MT 7 STR	₹ 15,72,477	₹ 13,05,900
Prestige Plus (O) 1.5 Diesel AT 7 STR	₹ 20,18,012	₹ 16,80,900
Gravity 1.5 Petrol MT	₹ 14,33,242	₹ 12,09,900
Gravity 1.5 Turbo Petrol iMT	₹ 15,96,664	₹ 13,49,900
Gravity 1.5 Diesel MT	₹ 16,84,157	₹ 13,99,900

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 ₹ 19,464 but you will have to pay interest of ₹ 5,83,076 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 ₹ 39,133, but your interest payment will be only ₹ 3,56,888 over the 3 years period.

₹ 21,329
Kia Carens price starts from ₹ 12,48,811 in Mumbai.

We have considered
Down-payement : ₹ 1,96,911
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 ₹ 4,17,000

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 ₹ 12.49 Lakh, you can get a loan with an annual income as low as ₹ 4.17 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.