Land Rover Defender Car Loan EMI Calculator

₹ 1,96,681.
Here is how - Land Rover Defender price starts from ₹ 1,19,90,961 in Anekal. If you pay a down payment of ₹ 22,90,961 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,96,681.

The cheapest Defender model is 110 SE 2.0 Petrol which is priced at ₹ 1,19,90,961 in Anekal. You will need to pay at least a ₹ 22,90,961 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 Defender.

Version	On-road price in Anekal	Max Loan
90 HSE 3.0 Diesel	₹ 1,50,47,374	₹ 1,21,90,000
90 HSE 2.0 Petrol	₹ 1,21,75,082	₹ 98,50,000
90 Carpathian 5.0 Petrol	₹ 2,71,62,552	₹ 2,20,60,000
90 5.0 Petrol V8	₹ 2,61,43,748	₹ 2,12,30,000
110 HSE 3.0 Diesel	₹ 1,55,26,089	₹ 1,25,80,000
110 X-Dynamic HSE 3.0 Diesel	₹ 1,58,69,782	₹ 1,28,60,000
110 X 3.0 Diesel	₹ 1,68,39,487	₹ 1,36,50,000
110 SE 2.0 Petrol	₹ 1,19,90,961	₹ 97,00,000
110 HSE 2.0 Petrol	₹ 1,24,69,676	₹ 1,00,90,000
110 X-Dynamic HSE 2.0 Petrol	₹ 1,23,77,615	₹ 1,00,15,000
110 HSE 3.0 Petrol	₹ 1,55,26,089	₹ 1,25,80,000
90 X 3.0 Petrol	₹ 1,62,25,750	₹ 1,31,50,000
110 X 3.0 Petrol	₹ 1,68,39,487	₹ 1,36,50,000
110 Carpathian 5.0 Petrol	₹ 2,83,53,203	₹ 2,30,30,000
110 5.0 Petrol V8	₹ 2,73,22,124	₹ 2,21,90,000
130 HSE 3.0 Diesel	₹ 1,71,09,532	₹ 1,38,70,000
130 X 3.0 Diesel	₹ 1,80,54,687	₹ 1,46,40,000
130 HSE 3.0 Petrol	₹ 1,71,09,532	₹ 1,38,70,000
130 X 3.0 Petrol	₹ 1,80,54,687	₹ 1,46,40,000
110 X 2.0 Petrol PHEV	₹ 1,83,73,831	₹ 1,49,00,000

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 Defender 110 SE 2.0 Petrol will be ₹ 1,86,894 but you will have to pay interest of ₹ 59,99,096 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 ₹ 3,75,753, but your interest payment will be only ₹ 38,27,108 over the 3 years period.

₹ 1,96,681
Land Rover Defender price starts from ₹ 1,19,90,961 in Anekal.

We have considered
Down-payement : ₹ 22,90,961
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 39,97,000

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 Defender starts from ₹ 1.20 Crore, you can get a loan with an annual income as low as ₹ 39.97 lakh.

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

• 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.