Kia Sorento Car Loan EMI Calculator

₹ 56,754.
Here is how - Kia Sorento price starts from ₹ 34,07,366 in Mumbai. If you pay a down payment of ₹ 6,08,366 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 56,754.

The cheapest Sorento model is HTE 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR which is priced at ₹ 34,07,366 in Mumbai. You will need to pay at least a ₹ 6,08,366 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 Sorento.

Version	On-road price in Mumbai	Max Loan
HTE 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR	₹ 35,27,440	₹ 29,49,000
HTE 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR	₹ 34,07,366	₹ 27,99,000
HTE(O) 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR	₹ 35,87,600	₹ 29,49,000
HTK 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR	₹ 39,61,329	₹ 32,49,000
HTK(A) 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR Black Line	₹ 41,05,517	₹ 33,69,000
HTK(A) 2WD Diesel 2.2L Turbo Automatic (DCT) 6 STR Black Line	₹ 41,29,548	₹ 33,89,000
HTX AWD Diesel 2.2L Turbo Automatic (DCT) 7 STR	₹ 45,62,110	₹ 37,49,000
HTK 2WD Diesel 2.2L Turbo Automatic (DCT) 6 STR	₹ 39,85,360	₹ 32,69,000
HTK(A) 2WD Diesel 2.2L Turbo Automatic (DCT) 6 STR	₹ 41,05,517	₹ 33,69,000
HTX AWD Diesel 2.2L Turbo Automatic (DCT) 6 STR	₹ 45,86,142	₹ 37,69,000
HTX AWD Diesel 2.2L Turbo Automatic (DCT) 6 STR Black Line	₹ 46,10,173	₹ 37,89,000
HTX (A) AWD Diesel 2.2L Turbo Automatic (DCT) 6 STR	₹ 47,06,298	₹ 38,69,000
HTX (A) AWD Diesel 2.2L Turbo Automatic (DCT) 6 STR Black Line	₹ 47,30,329	₹ 38,89,000
HTE(O) 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR	₹ 37,17,875	₹ 30,99,000
HTK 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR	₹ 40,72,223	₹ 33,99,000
HTK(A) 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR	₹ 41,90,340	₹ 34,99,000
HTK(A) 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR Black Line	₹ 42,13,963	₹ 35,19,000
HTX AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR	₹ 46,62,805	₹ 38,99,000
HTX AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR Black Line	₹ 46,86,428	₹ 39,19,000
HTX (A) AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR	₹ 47,80,921	₹ 39,99,000
HTX (A) AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 7 STR Black Line	₹ 48,04,544	₹ 40,19,000
HTK 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR	₹ 40,95,847	₹ 34,19,000
HTK(A) 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR	₹ 42,13,963	₹ 35,19,000
HTK(A) 2WD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR Black Line	₹ 42,37,586	₹ 35,39,000
HTX AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR	₹ 46,86,428	₹ 39,19,000
HTX AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR Black Line	₹ 47,10,051	₹ 39,39,000
HTX (A) AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR	₹ 48,04,544	₹ 40,19,000
HTX (A) AWD Hybrid (Electric + Petrol) 1.6L Turbo Automatic (TC) 6 STR Black Line	₹ 48,28,167	₹ 40,39,000
HTK(A) 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR	₹ 40,81,485	₹ 33,49,000
HTX AWD Diesel 2.2L Turbo Automatic (DCT) 7 STR Black Line	₹ 45,86,142	₹ 37,69,000
HTX (A) AWD Diesel 2.2L Turbo Automatic (DCT) 7 STR	₹ 46,82,267	₹ 38,49,000
HTX (A) AWD Diesel 2.2L Turbo Automatic (DCT) 7 STR Black Line	₹ 47,06,298	₹ 38,69,000

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 Sorento HTE 2WD Diesel 2.2L Turbo Automatic (DCT) 7 STR will be ₹ 53,108 but you will have to pay interest of ₹ 16,62,072 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 ₹ 1,06,774, but your interest payment will be only ₹ 10,44,864 over the 3 years period.

₹ 56,754
Kia Sorento price starts from ₹ 34,07,366 in Mumbai.

We have considered
Down-payement : ₹ 6,08,366
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 11,36,000

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 Sorento starts from ₹ 34.07 Lakh, you can get a loan with an annual income as low as ₹ 11.36 lakh.

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

• 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.