Kia Sonet Car Loan EMI Calculator

₹ 14,840.
Here is how - Kia Sonet price starts from ₹ 8,55,439 in Mumbai. If you pay a down payment of ₹ 1,23,539 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,840.

The cheapest Sonet model is HTE Petrol 1.2L 5 Speed Manual which is priced at ₹ 8,55,439 in Mumbai. You will need to pay at least a ₹ 1,23,539 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 Sonet.

Version	On-road price in Mumbai	Max Loan
HTE (O) Petrol 1.2L 5 Speed Manual	₹ 9,04,609	₹ 7,74,900
HTK (O) Petrol 1.2L 5 Speed Manual	₹ 10,20,105	₹ 8,75,900
HTE (O) Diesel 1.5L Turbo 6 Speed Manual	₹ 10,66,275	₹ 8,99,900
HTK (O) Diesel 1.5L Turbo 6 Speed Manual	₹ 11,82,707	₹ 9,99,900
HTK Plus (O) Petrol 1.2L 5 Speed Manual	₹ 11,19,590	₹ 9,62,900
HTK (O) Petrol 1.0L Turbo Clutchless Manual (IMT)	₹ 10,58,577	₹ 9,14,900
HTK Plus (O) Petrol 1.0L Turbo Clutchless Manual (IMT)	₹ 11,96,681	₹ 10,09,900
HTE Petrol 1.2L 5 Speed Manual	₹ 8,55,439	₹ 7,31,900
HTX Petrol 1.0L Turbo Automatic (DCT)	₹ 13,67,880	₹ 11,64,900
GTX Plus Petrol 1.0L Turbo Automatic (DCT)	₹ 15,89,925	₹ 13,55,900
X Line Petrol 1.0L Turbo Automatic (DCT)	₹ 16,06,201	₹ 13,69,900
HTX Diesel 1.5L Turbo 6 Speed Manual	₹ 13,58,309	₹ 11,30,900
GTX Plus Diesel 1.5L Turbo Automatic (TC)	₹ 16,96,334	₹ 14,06,900
HTX Diesel 1.5L Turbo Automatic (TC)	₹ 14,51,903	₹ 12,09,900
GTX Plus Petrol 1.0L Turbo Automatic (DCT) Dual Tone	₹ 16,12,295	₹ 13,65,900
GTX Plus Diesel 1.5L Turbo Automatic (TC) Dual Tone	₹ 17,08,230	₹ 14,16,900
HTK Plus (O) Diesel 1.5L Turbo 6 Speed Manual	₹ 13,04,996	₹ 10,85,900
HTK Plus Petrol 1.2L 5 Speed Manual	₹ 10,62,415	₹ 9,12,900
HTK Plus Diesel 1.5L Turbo 6 Speed Manual	₹ 12,44,620	₹ 10,29,748
HTK Plus Diesel 1.5L Turbo Automatic (TC)	₹ 13,40,538	₹ 11,15,900
HTK (O) Diesel 1.5L Turbo Automatic (TC)	₹ 12,97,887	₹ 10,79,900
HTK (O) Petrol 1.0L Turbo Automatic (DCT)	₹ 11,49,949	₹ 9,94,900
HTK Plus (O) Diesel 1.5L Turbo Automatic (TC)	₹ 13,99,774	₹ 11,65,900
HTE (O) Diesel 1.5L Turbo Automatic (TC)	₹ 11,59,421	₹ 9,79,900
HTK Plus (O) Petrol 1.0L Turbo Automatic (DCT)	₹ 12,90,077	₹ 10,89,900

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 Sonet HTE Petrol 1.2L 5 Speed Manual will be ₹ 13,333 but you will have to pay interest of ₹ 3,88,072 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 ₹ 26,806, but your interest payment will be only ₹ 2,33,116 over the 3 years period.

₹ 14,840
Kia Sonet price starts from ₹ 8,55,439 in Mumbai.

We have considered
Down-payement : ₹ 1,23,539
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,86,000

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 Sonet starts from ₹ 8.55 Lakh, you can get a loan with an annual income as low as ₹ 2.86 lakh.

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

• 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.