Kia Syros Car Loan EMI Calculator

₹ 17,030.
Here is how - Kia Syros price starts from ₹ 9,81,248 in Mumbai. If you pay a down payment of ₹ 1,41,348 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,030.

The cheapest Syros model is HTE Petrol 1.0L Turbo Manual which is priced at ₹ 9,81,248 in Mumbai. You will need to pay at least a ₹ 1,41,348 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
HTE Petrol 1.0L Turbo Manual	₹ 9,81,248	₹ 8,39,900
HTE (O) Petrol 1.0L Turbo Manual	₹ 10,73,028	₹ 9,19,900
HTE (O) Diesel 1.5L Turbo Manual	₹ 11,91,968	₹ 9,99,900
HTK EX Petrol 1.0L Turbo Manual	₹ 11,41,864	₹ 9,79,900
HTK EX Diesel 1.5L Turbo Manual	₹ 12,83,542	₹ 10,59,900
HTK Plus Petrol 1.0L Turbo Manual	₹ 12,71,399	₹ 10,73,900
HTK Plus Diesel 1.5L Turbo Manual	₹ 13,95,364	₹ 11,53,900
HTK Plus Petrol 1.0L Turbo Automatic (DCT)	₹ 14,11,493	₹ 11,93,900
HTX Petrol 1.0L Turbo Automatic (DCT)	₹ 16,51,988	₹ 13,99,900
HTK Plus Diesel 1.5L Turbo Automatic (TC)	₹ 15,38,117	₹ 12,73,900
HTK Plus (O) Petrol 1.0L Turbo Manual	₹ 14,18,497	₹ 11,99,900
HTK Plus (O) Petrol 1.0L Turbo Automatic (DCT)	₹ 15,58,592	₹ 13,19,900
HTK Plus (O) Diesel 1.5L Turbo Manual	₹ 15,45,255	₹ 12,79,900
HTK Plus (O) Diesel 1.5L Turbo Automatic (TC)	₹ 16,88,007	₹ 13,99,900
HTX (O) Petrol 1.0L Turbo Automatic (DCT)	₹ 17,68,733	₹ 14,99,900
HTX (O) Diesel 1.5L Turbo Automatic (TC)	₹ 19,06,215	₹ 15,79,900
HTX Diesel 1.5L Turbo Automatic (TC)	₹ 17,83,175	₹ 14,79,900

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 Syros HTE Petrol 1.0L Turbo Manual will be ₹ 15,294 but you will have to pay interest of ₹ 4,44,796 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 ₹ 30,749, but your interest payment will be only ₹ 2,67,064 over the 3 years period.

₹ 17,030
Kia Syros price starts from ₹ 9,81,248 in Mumbai.

We have considered
Down-payement : ₹ 1,41,348
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 ₹ 3,28,000

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 ₹ 9.81 Lakh, you can get a loan with an annual income as low as ₹ 3.28 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.