Land Rover Discovery Car Loan EMI Calculator

₹ 1,78,554.
Here is how - Land Rover Discovery price starts from ₹ 1,06,08,376 in Mumbai. If you pay a down payment of ₹ 18,02,376 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,78,554.

The cheapest Discovery model is 2.0 Petrol which is priced at ₹ 1,06,08,376 in Mumbai. You will need to pay at least a ₹ 18,02,376 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 Discovery.

Version	On-road price in Mumbai	Max Loan
2.0 Petrol	₹ 1,06,08,376	₹ 88,06,000
S 2.0 Petrol	₹ 1,09,65,655	₹ 91,05,000
SE 2.0 Petrol	₹ 1,11,84,366	₹ 92,88,000
HSE 2.0 Petrol	₹ 1,16,14,554	₹ 96,48,000
S R-Dynamic 2.0 Petrol	₹ 1,12,95,491	₹ 93,81,000
SE R-Dynamic 2.0 Petrol	₹ 1,15,14,202	₹ 95,64,000
HSE R-Dynamic 2.0 Petrol	₹ 1,17,80,663	₹ 97,87,000
S 3.0 Petrol	₹ 1,13,00,274	₹ 93,85,000
SE 3.0 Petrol	₹ 1,15,18,984	₹ 95,68,000
HSE 3.0 Petrol	₹ 1,19,49,172	₹ 99,28,000
S R-Dynamic 3.0 Petrol	₹ 1,16,30,110	₹ 96,61,000
SE R-Dynamic 3.0 Petrol	₹ 1,18,48,819	₹ 98,44,000
S 3.0 Diesel	₹ 1,35,51,110	₹ 1,10,87,000
SE 3.0 Diesel	₹ 1,38,29,543	₹ 1,13,17,000
HSE 3.0 Diesel	₹ 1,42,12,036	₹ 1,16,33,000
S R-Dynamic 3.0 Diesel	₹ 1,39,71,149	₹ 1,14,34,000
SE R-Dynamic 3.0 Diesel	₹ 1,42,49,583	₹ 1,16,64,000
HSE R-Dynamic 3.0 Diesel	₹ 1,46,32,075	₹ 1,19,80,000
Metropolitan Edition	₹ 1,52,90,225	₹ 1,26,55,000

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 Discovery 2.0 Petrol will be ₹ 1,65,344 but you will have to pay interest of ₹ 50,82,896 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 ₹ 3,32,428, but your interest payment will be only ₹ 31,61,408 over the 3 years period.

₹ 1,78,554
Land Rover Discovery price starts from ₹ 1,06,08,376 in Mumbai.

We have considered
Down-payement : ₹ 18,02,376
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 35,37,000

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 Discovery starts from ₹ 1.06 Crore, you can get a loan with an annual income as low as ₹ 35.37 lakh.

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

• 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.