Kia Sonet Car Loan EMI Calculator

₹ 16,201.
Here is how - Kia Sonet price starts from ₹ 9,39,175 in Mumbai. If you pay a down payment of ₹ 1,40,175 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,201.

The cheapest Sonet model is HTE 1.2 Petrol MT which is priced at ₹ 9,39,175 in Mumbai. You will need to pay at least a ₹ 1,40,175 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 1.2 Petrol MT	₹ 9,39,175	₹ 7,99,000
HTK 1.2 Petrol MT	₹ 10,45,645	₹ 8,89,000
HTK Plus 1.2 Petrol MT	₹ 11,73,070	₹ 9,99,900
HTK Plus 1.0 Turbo Petrol iMT	₹ 12,51,885	₹ 10,55,900
HTX 1.0 Turbo Petrol iMT	₹ 13,68,630	₹ 11,55,900
HTX 1.0 Turbo Petrol DCT	₹ 14,62,026	₹ 12,35,900
HTX Plus 1.0 Turbo Petrol iMT	₹ 15,95,115	₹ 13,49,900
GTX Plus 1.0 Turbo Petrol DCT	₹ 17,17,698	₹ 14,54,900
X-Line 1.0 Turbo Petrol DCT	₹ 17,41,047	₹ 14,74,900
HTE 1.5 Diesel MT	₹ 11,70,080	₹ 9,79,900
HTK 1.5 Diesel MT	₹ 12,73,146	₹ 10,49,900
HTX 1.5 Diesel MT	₹ 14,63,482	₹ 12,09,900
HTX 1.5 Diesel iMT	₹ 15,34,859	₹ 12,69,900
GTX Plus 1.5 Diesel AT	₹ 18,77,975	₹ 15,54,900
X-Line 1.5 Diesel AT	₹ 19,01,767	₹ 15,74,900
HTK Plus 1.5 Diesel MT	₹ 13,86,158	₹ 11,44,900
HTX Plus 1.5 Diesel MT	₹ 16,65,715	₹ 13,79,900
HTX Plus 1.5 Diesel iMT	₹ 17,48,987	₹ 14,49,900
HTX 1.5 Diesel AT	₹ 15,82,443	₹ 13,09,900
HTE (O) 1.2 Petrol MT	₹ 9,65,215	₹ 8,19,000
HTK (O) 1.2 Petrol MT	₹ 10,86,895	₹ 9,24,900
HTE (O) 1.5 Diesel MT	₹ 11,93,468	₹ 9,99,900
HTK (O) 1.5 Diesel MT	₹ 13,14,782	₹ 10,84,900
HTX Plus 1.0 Turbo Petrol iMT Dual Tone	₹ 16,06,790	₹ 13,59,900
GTX Plus 1.0 Turbo Petrol DCT Dual Tone	₹ 17,29,373	₹ 14,64,900
GTX Plus 1.5 Diesel AT Dual Tone	₹ 18,89,871	₹ 15,64,900
HTX Plus 1.5 Diesel MT Dual Tone	₹ 16,77,611	₹ 13,89,900
HTX Plus 1.5 Diesel iMT Dual Tone	₹ 17,60,883	₹ 14,59,900

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 Sonet HTE 1.2 Petrol MT will be ₹ 14,638 but you will have to pay interest of ₹ 4,30,592 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 ₹ 29,430, but your interest payment will be only ₹ 2,60,480 over the 3 years period.

₹ 16,201
Kia Sonet price starts from ₹ 9,39,175 in Mumbai.

We have considered
Down-payement : ₹ 1,40,175
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 ₹ 3,14,000

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 ₹ 9.39 Lakh, you can get a loan with an annual income as low as ₹ 3.14 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.