Land Rover Defender Car Loan EMI Calculator

₹ 2,08,644.
Here is how - Land Rover Defender price starts from ₹ 1,29,71,820 in Mumbai. If you pay a down payment of ₹ 26,81,820 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,08,644.

The cheapest Defender model is 110 X Dynamic HSE Petrol 2.0L Turbo Automatic 5 STR which is priced at ₹ 1,29,71,820 in Mumbai. You will need to pay at least a ₹ 26,81,820 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 Mumbai	Max Loan
110 X Dynamic HSE Diesel 3.0L Turbo Automatic 5 STR	₹ 1,62,28,482	₹ 1,28,90,000
110 X Diesel 3.0L Turbo Automatic 5 STR	₹ 1,73,55,788	₹ 1,37,90,000
110 X Dynamic HSE Petrol 2.0L Turbo Automatic 5 STR	₹ 1,29,71,820	₹ 1,02,90,000
130 X Mild Hybrid (Electric + Diesel) 3.0L Turbo Automatic 8 STR	₹ 1,91,09,376	₹ 1,51,90,000
Sedona Edition Diesel 3.0L Turbo Automatic 5 STR	₹ 1,66,83,162	₹ 1,32,53,000
130 X Dynamic HSE Mild Hybrid (Electric + Diesel) 3.0L Turbo Automatic 8 STR	₹ 1,78,56,813	₹ 1,41,90,000
90 X Petrol 5.0L Turbo Automatic 5 STR	₹ 1,79,82,070	₹ 1,42,90,000
110 X Dynamic HSE Petrol 5.0L Turbo Automatic 5 STR	₹ 1,77,31,557	₹ 1,40,90,000
110 X Petrol 5.0L Turbo Automatic 5 STR	₹ 1,88,58,863	₹ 1,49,90,000
130 X Dynamic V8 HSE Petrol 5.0L Turbo Automatic 8 STR	₹ 1,96,10,401	₹ 1,55,90,000
130 X V8 Petrol 5.0L Turbo Automatic 8 STR	₹ 2,08,62,963	₹ 1,65,90,000
Octa Mild Hybrid(Electric + Petrol) 4.4L Turbo Automatic 5 STR	₹ 3,03,57,386	₹ 2,41,70,000
110 Diesel 3.0L Turbo Automatic 5 STR Trophy Edition	₹ 1,63,66,264	₹ 1,30,00,000
110 Diesel 3.0L Turbo Automatic 5 STR Trophy Edition Keswick	₹ 1,63,32,445	₹ 1,29,73,000
130 V8 Petrol 5.0L Turbo Automatic 8 STR	₹ 2,28,79,589	₹ 1,82,00,000
90 V8 Petrol 5.0L Turbo Automatic 5 STR	₹ 2,04,87,194	₹ 1,62,90,000
Octa Black Mild Hybrid(Electric + Petrol) 4.4L Turbo Automatic 5 STR	₹ 3,28,87,562	₹ 2,61,90,000

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 X Dynamic HSE Petrol 2.0L Turbo Automatic 5 STR will be ₹ 2,02,182 but you will have to pay interest of ₹ 66,93,288 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 ₹ 4,06,490, but your interest payment will be only ₹ 43,43,640 over the 3 years period.

₹ 2,08,644
Land Rover Defender price starts from ₹ 1,29,71,820 in Mumbai.

We have considered
Down-payement : ₹ 26,81,820
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 ₹ 43,24,000

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 ₹ 1.30 Crore, you can get a loan with an annual income as low as ₹ 43.24 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.