Kia Seltos Car Loan EMI Calculator

₹ 22,081.
Here is how - Kia Seltos price starts from ₹ 12,97,444 in Mumbai. If you pay a down payment of ₹ 2,08,444 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,081.

The cheapest Seltos model is HTE 1.5 which is priced at ₹ 12,97,444 in Mumbai. You will need to pay at least a ₹ 2,08,444 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 Seltos.

Version	On-road price in Mumbai	Max Loan
HTE 1.5	₹ 12,97,444	₹ 10,89,000
HTK 1.5	₹ 14,27,226	₹ 12,00,000
HTK Plus 1.5	₹ 15,55,838	₹ 13,10,000
HTX 1.5	₹ 17,66,295	₹ 14,90,000
HTX 1.5 CVT	₹ 18,87,295	₹ 15,90,000
HTE 1.5 Diesel iMT	₹ 14,98,100	₹ 12,39,000
HTK 1.5 Diesel iMT	₹ 16,52,749	₹ 13,69,000
HTK Plus 1.5 Diesel iMT	₹ 18,47,165	₹ 15,29,000
HTX 1.5 Diesel iMT	₹ 20,01,813	₹ 16,59,000
HTX Plus 1.5 Diesel iMT	₹ 21,20,774	₹ 17,59,000
HTX 1.5 Diesel AT	₹ 21,20,774	₹ 17,59,000
GTX Plus 1.5 Diesel AT	₹ 23,30,144	₹ 19,35,000
X Line 1.5 Diesel AT	₹ 23,65,832	₹ 19,65,000
HTX Plus 1.5 Diesel iMT Dual Tone	₹ 21,44,566	₹ 17,79,000
GTX Plus 1.5 Diesel AT Dual Tone	₹ 23,53,936	₹ 19,55,000
GTX Plus 1.4	₹ 20,61,506	₹ 17,39,000

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 Seltos HTE 1.5 will be ₹ 20,222 but you will have to pay interest of ₹ 6,09,648 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 ₹ 40,657, but your interest payment will be only ₹ 3,74,652 over the 3 years period.

₹ 22,081
Kia Seltos price starts from ₹ 12,97,444 in Mumbai.

We have considered
Down-payement : ₹ 2,08,444
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,33,000

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 Seltos starts from ₹ 12.97 Lakh, you can get a loan with an annual income as low as ₹ 4.33 lakh.

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

• 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.