Kia Seltos Car Loan EMI Calculator

₹ 22,099.
Here is how - Kia Seltos price starts from ₹ 12,98,496 in Mumbai. If you pay a down payment of ₹ 2,08,596 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,099.

The cheapest Seltos model is HTE 1.5 Petrol MT which is priced at ₹ 12,98,496 in Mumbai. You will need to pay at least a ₹ 2,08,596 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 Petrol MT	₹ 12,98,496	₹ 10,89,900
HTK 1.5 Petrol MT	₹ 14,55,170	₹ 12,23,900
HTK Plus 1.5 Petrol MT	₹ 16,67,965	₹ 14,05,900
HTX 1.5 Petrol MT	₹ 18,17,025	₹ 15,29,900
HTK Plus 1.5 Petrol CVT	₹ 18,31,056	₹ 15,41,900
HTX 1.5 Petrol CVT	₹ 19,83,052	₹ 16,71,900
HTK Plus 1.5 Turbo Petrol iMT	₹ 18,34,563	₹ 15,44,900
HTX Plus 1.5 Turbo Petrol iMT	₹ 22,18,061	₹ 18,72,900
HTX Plus 1.5 Turbo Petrol DCT	₹ 23,34,982	₹ 19,72,900
GTX Plus (S) 1.5 Turbo Petrol DCT	₹ 22,96,398	₹ 19,39,900
GTX Plus 1.5 Turbo Petrol DCT	₹ 23,66,550	₹ 19,99,900
X Line (S) 1.5 Turbo Petrol DCT	₹ 23,25,628	₹ 19,64,900
X Line 1.5 Turbo Petrol DCT	₹ 24,28,228	₹ 20,34,900
HTE 1.5 Diesel MT	₹ 14,93,222	₹ 12,34,900
HTK 1.5 Diesel MT	₹ 16,51,440	₹ 13,67,900
HTK Plus 1.5 Diesel MT	₹ 18,77,975	₹ 15,54,900
HTX 1.5 Diesel MT	₹ 20,26,676	₹ 16,79,900
HTX Plus 1.5 Diesel MT	₹ 22,52,700	₹ 18,69,900
HTX 1.5 Diesel iMT	₹ 20,50,468	₹ 16,99,900
HTX Plus 1.5 Diesel iMT	₹ 22,82,440	₹ 18,94,900
HTK Plus 1.5 Diesel AT	₹ 20,40,951	₹ 16,91,900
HTX 1.5 Diesel AT	₹ 21,95,599	₹ 18,21,900
GTX Plus (S) 1.5 Diesel AT	₹ 23,35,972	₹ 19,39,900
GTX Plus 1.5 Diesel AT	₹ 24,07,348	₹ 19,99,900
X Line (S) 1.5 Diesel AT	₹ 23,65,712	₹ 19,64,900
X Line 1.5 Diesel AT	₹ 24,69,740	₹ 20,34,900

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 Seltos HTE 1.5 Petrol MT will be ₹ 20,239 but you will have to pay interest of ₹ 6,10,176 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 ₹ 40,690, but your interest payment will be only ₹ 3,74,940 over the 3 years period.

₹ 22,099
Kia Seltos price starts from ₹ 12,98,496 in Mumbai.

We have considered
Down-payement : ₹ 2,08,596
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 ₹ 12.98 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.