Kia Seltos Car Loan EMI Calculator

₹ 22,099.
Here is how - Kia Seltos price starts from ₹ 12,89,768 in Mumbai. If you pay a down payment of ₹ 1,99,868 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 ₹ 12,89,768 in Mumbai. You will need to pay at least a ₹ 1,99,868 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	₹ 12,89,768	₹ 10,89,900
HTK 1.5 Petrol MT	₹ 14,61,135	₹ 12,36,900
HTK Plus 1.5 Petrol MT	₹ 16,67,474	₹ 14,13,900
HTX 1.5 Petrol MT	₹ 18,22,521	₹ 15,46,900
HTK Plus 1.5 Petrol CVT	₹ 18,26,018	₹ 15,49,900
HTX 1.5 Petrol CVT	₹ 19,95,054	₹ 16,94,900
HTK Plus 1.5 Turbo Petrol iMT	₹ 18,40,008	₹ 15,61,900
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	₹ 23,50,611	₹ 19,99,900
X Line (S) 1.5 Turbo Petrol DCT	₹ 23,25,628	₹ 19,64,900
X Line 1.5 Turbo Petrol DCT	₹ 24,24,346	₹ 20,44,900
HTE 1.5 Diesel MT	₹ 15,06,308	₹ 12,45,900
HTK 1.5 Diesel MT	₹ 16,75,232	₹ 13,87,900
HTK Plus 1.5 Diesel MT	₹ 18,87,493	₹ 15,62,900
HTX 1.5 Diesel MT	₹ 20,55,226	₹ 17,03,900
HTX Plus 1.5 Diesel MT	₹ 22,69,354	₹ 18,83,900
HTX 1.5 Diesel iMT	₹ 20,82,587	₹ 17,26,900
HTX Plus 1.5 Diesel iMT	₹ 22,82,440	₹ 18,94,900
HTK Plus 1.5 Diesel AT	₹ 20,50,468	₹ 16,99,900
HTX 1.5 Diesel AT	₹ 22,25,340	₹ 18,46,900
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	₹ 24,81,738	₹ 20,44,900
GTX 1.5 Turbo Petrol DCT	₹ 22,43,361	₹ 19,07,900
GTX 1.5 Diesel AT	₹ 22,97,905	₹ 19,07,900
Gravity 1.5 Petrol MT	₹ 19,57,749	₹ 16,62,900
Gravity 1.5 Petrol CVT	₹ 21,24,453	₹ 18,05,900
Gravity 1.5 Diesel MT	₹ 21,94,410	₹ 18,20,900
GTX Plus 1.5 Turbo Petrol DCT Dual Tone	₹ 23,94,941	₹ 20,19,900
GTX Plus (S) 1.5 Turbo Petrol DCT Dual Tone	₹ 23,19,782	₹ 19,59,900
GTX Plus 1.5 Diesel AT Dual Tone	₹ 24,51,743	₹ 20,19,900
GTX Plus (S) 1.5 Diesel AT Dual Tone	₹ 23,59,764	₹ 19,59,900

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 ₹ 20,103 but you will have to pay interest of ₹ 5,98,752 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 ₹ 40,417, but your interest payment will be only ₹ 3,65,112 over the 3 years period.

₹ 22,099
Kia Seltos price starts from ₹ 12,89,768 in Mumbai.

We have considered
Down-payement : ₹ 1,99,868
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 ₹ 4,30,000

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 ₹ 12.90 Lakh, you can get a loan with an annual income as low as ₹ 4.30 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.