Kia Syros Car Loan EMI Calculator

₹ 17,581.
Here is how - Kia Syros price starts from ₹ 10,07,974 in Mumbai. If you pay a down payment of ₹ 1,40,921 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,581.

The cheapest Syros model is HTK Petrol 1.0L Turbo Manual which is priced at ₹ 10,07,974 in Mumbai. You will need to pay at least a ₹ 1,40,921 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 Petrol 1.0L Turbo Manual	₹ 10,07,974	₹ 8,67,053
HTK (O) Petrol 1.0L Turbo Manual	₹ 10,90,543	₹ 9,39,109
HTK Plus Petrol 1.0L Turbo Manual	₹ 12,66,983	₹ 10,73,957
HTX Petrol 1.0L Turbo Manual	₹ 14,25,916	₹ 12,10,484
HTK (O) Diesel 1.5L Turbo Manual	₹ 12,24,963	₹ 10,13,980
HTK Plus Diesel 1.5L Turbo Manual	₹ 13,82,167	₹ 11,46,160
HTX Diesel 1.5L Turbo Manual	₹ 15,43,310	₹ 12,80,481
HTK Plus Petrol 1.0L Turbo Automatic (DCT)	₹ 14,04,946	₹ 11,92,281
HTX Petrol 1.0L Turbo Automatic (DCT)	₹ 15,65,527	₹ 13,28,808
HTX Plus Petrol 1.0L Turbo Automatic (DCT)	₹ 17,14,345	₹ 14,56,233
HTX Plus (O) Petrol 1.0L Turbo Automatic (DCT)	₹ 17,99,383	₹ 15,29,047
HTX Plus Diesel 1.5L Turbo Automatic (TC)	₹ 18,31,227	₹ 15,22,260
HTX Plus (O) Diesel 1.5L Turbo Automatic (TC)	₹ 19,16,534	₹ 15,93,899
HTK EX Petrol 1.0L Turbo Manual	₹ 11,52,304	₹ 9,89,000
HTK EX Diesel 1.5L Turbo Manual	₹ 12,88,300	₹ 10,63,900

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 HTK Petrol 1.0L Turbo Manual will be ₹ 15,710 but you will have to pay interest of ₹ 4,52,587 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 ₹ 31,586, but your interest payment will be only ₹ 2,70,043 over the 3 years period.

₹ 17,581
Kia Syros price starts from ₹ 10,07,974 in Mumbai.

We have considered
Down-payement : ₹ 1,40,921
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 ₹ 3,36,000

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 Syros starts from ₹ 10.08 Lakh, you can get a loan with an annual income as low as ₹ 3.36 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.