Kia Syros Car Loan EMI Calculator

₹ 19,261.
Here is how - Kia Syros price starts from ₹ 11,08,946 in Mumbai. If you pay a down payment of ₹ 1,59,046 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,261.

The cheapest Syros model is HTK 1.0 Turbo 6MT which is priced at ₹ 11,08,946 in Mumbai. You will need to pay at least a ₹ 1,59,046 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 Syros.

Version	On-road price in Mumbai	Max Loan
HTK 1.0 Turbo 6MT	₹ 11,08,946	₹ 9,49,900
HTK (O) 1.0 Turbo 6MT	₹ 12,21,530	₹ 10,29,900
HTK Plus 1.0 Turbo 6MT	₹ 13,96,648	₹ 11,79,900
HTX 1.0 Turbo 6MT	₹ 15,71,884	₹ 13,30,000
HTK (O) 1.5 Diesel 6MT	₹ 13,68,314	₹ 11,29,900
HTK Plus 1.5 Diesel 6MT	₹ 15,46,755	₹ 12,79,900
HTX 1.5 Diesel 6MT	₹ 17,25,315	₹ 14,30,000
HTK Plus 1.0 Turbo 7DCT	₹ 15,48,417	₹ 13,09,900
HTX 1.0 Turbo 7DCT	₹ 17,23,653	₹ 14,60,000
HTX Plus 1.0 Turbo 7DCT	₹ 18,91,176	₹ 16,00,000
HTX Plus (O) 1.0 Turbo 7DCT	₹ 19,84,573	₹ 16,80,000
HTX Plus 1.5 Diesel 6AT	₹ 20,50,587	₹ 17,00,000
HTX Plus (O) 1.5 Diesel 6AT	₹ 21,45,755	₹ 17,80,000

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 Syros HTK 1.0 Turbo 6MT will be ₹ 17,284 but you will have to pay interest of ₹ 5,01,956 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 ₹ 34,750, but your interest payment will be only ₹ 3,01,100 over the 3 years period.

₹ 19,261
Kia Syros price starts from ₹ 11,08,946 in Mumbai.

We have considered
Down-payement : ₹ 1,59,046
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,70,000

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 Syros starts from ₹ 11.09 Lakh, you can get a loan with an annual income as low as ₹ 3.70 lakh.

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

• 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.