Land Rover Freelander 2 [2009-2011] Car Loan EMI Calculator

₹ 78,527.
Here is how - Land Rover Freelander 2 [2009-2011] price starts from ₹ 45,14,013 in Mumbai. If you pay a down payment of ₹ 6,41,204 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 78,527.

The cheapest Freelander 2 [2009-2011] model is SE which is priced at ₹ 45,14,013 in Mumbai. You will need to pay at least a ₹ 6,41,204 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 Freelander 2 [2009-2011].

Version	On-road price in Mumbai	Max Loan
S	₹ 42,49,773	₹ 34,69,980
SE	₹ 45,14,013	₹ 38,72,809
HSE	₹ 51,10,631	₹ 43,88,304

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 Freelander 2 [2009-2011] SE will be ₹ 70,356 but you will have to pay interest of ₹ 20,37,095 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 ₹ 1,41,453, but your interest payment will be only ₹ 12,19,499 over the 3 years period.

₹ 78,527
Land Rover Freelander 2 [2009-2011] price starts from ₹ 45,14,013 in Mumbai.

We have considered
Down-payement : ₹ 6,41,204
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Freelander 2 [2009-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 15,05,000

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 Freelander 2 [2009-2011] starts from ₹ 45.14 Lakh, you can get a loan with an annual income as low as ₹ 15.05 lakh.

Here are the most important things you should consider while getting a car loan for a new Freelander 2 [2009-2011]

• 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.