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Kia Carnival Car Loan EMI Calculator

Kia Carnival ₹ 36.37 - 49.51 Lakh

Versions Premium 7 STR

City Mumbai

Adjust Carnival Car Loan Parameters

₹ 51,685 EMI for 5 Years

On-Road Price

₹ 36,36,521

Down Payment

₹

Loan Tenure

Loan Interest Rate

Kia Carnival Premium 7 STR Car Loan EMI

On-Road Price	₹36,36,521
Ex-Showroom Price	₹25,49,000
Max Loan Amount	₹25,49,000
Down Payment as per your Selection	₹10,87,521

Loan Amount	₹25,49,000
EMI Amount	₹51,685

Interest Component	₹5,52,100 (17.8%)
Principal Component	₹25,49,000 (82.2%)

Total Payable over 5 Years

₹ 31,01,100

Note: This doesn't include bank processing fee.

Kia Carnival Loan Repayment Schedule

This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

Months	Principal Paid	Interest Paid	Balance Loan
12	₹4,31,903	₹1,88,312	₹21,17,097
24	₹4,67,751	₹1,52,464	₹16,49,347
36	₹5,06,574	₹1,13,641	₹11,42,773
48	₹5,48,619	₹71,595	₹5,94,154
60	₹5,94,154	₹26,060	₹0

Kia Carnival EMI

Kia Carnival Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹10.88 Lakh

On-Road Price in Mumbai	Down Payment	EMI
Premium 8 STR ₹30,57,837	₹5,42,837	₹50,995
Premium 7 STR ₹36,36,521	₹10,87,521	₹51,685
Prestige 6 STR ₹42,38,691	₹12,39,691*	₹60,809
Prestige 7 STR ₹43,21,587	₹12,72,587*	₹61,823
Limousine 7 STR ₹46,71,064	₹13,72,064*	₹66,892
Limousine Plus 7 STR ₹49,50,646	₹14,51,646*	₹70,947

Car Loan EMI value of Kia Carnival Similar Cars

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FAQ’s

What is an EMI for Kia Carnival car loan?

₹51,685.

Here is how - Kia Carnival price starts from ₹36,36,521 in Mumbai. If you pay a down payment of ₹10,87,521 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹51,685.

What is the minimum down payment needed to buy Kia Carnival with a loan?

The cheapest Carnival model is Premium 7 STR which is priced at ₹50,590 in Delhi.

You will need to pay at least a ₹4,42,918 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.

What is the maximum loan I can get to buy a new Kia Carnival?

Here is a model wise list of max loan amount for Carnival.

Version	On-road price Mumbai	Max Loan
Premium 7 STR	3636521	2549000
Premium 8 STR	3057837	2515000
Prestige 9 STR	3633147	2995000
Prestige 6 STR	4238691	2999000
Prestige 7 STR	4321587	3049000
Limousine 7 STR	4671064	3299000
Limousine Plus 7 STR	4950646	3499000

How many years I should take a car loan?

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 Carnival will be ₹39,729 but you will have to pay interest of ₹7,88,236 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹1,09,646, but your interest payment will be only ₹4,48,256 over the period of 3 years period.

What will be the minimum monthly instalment amount to buy Carnival?

₹51,685.

Kia Carnival price starts from ₹36,36,521 in Mumbai.

We have considered

Down-payment: 10,87,521

Tenure: 5 years

Interest rate: 8%

Can I get a car loan to buy a new Carnival?

You will need to fulfil the following 2 criteria to buy Carnival with a loan.

1. Age should be above 21.

2. Your annual income should be above ₹9,09,000

How much salary do I need to buy Kia Carnival on EMI?

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 Carnival starts from 36,36,521, you can get a loan with an annual income as low as 9,09,000.

How to choose a car loan before buying Kia Carnival?

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

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.

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