Land Rover Range Rover Car Loan EMI Calculator

₹ 4,68,385.
Here is how - Land Rover Range Rover price starts from ₹ 2,90,17,144 in Mumbai. If you pay a down payment of ₹ 59,17,144 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,68,385.

The cheapest Range Rover model is HSE 3.0 Diesel which is priced at ₹ 2,90,17,144 in Mumbai. You will need to pay at least a ₹ 59,17,144 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 Range Rover.

Version	On-road price in Mumbai	Max Loan
SV Ranthambore Edition	₹ 5,83,02,053	₹ 4,64,80,000
SV 3.0 Diesel LWB	₹ 4,80,61,103	₹ 3,83,04,000
SV 4.4 Petrol LWB	₹ 5,33,33,554	₹ 4,25,13,333
SV 4.4 Petrol LWB Masara Edition	₹ 5,84,18,957	₹ 4,65,73,333
HSE 3.0 Diesel	₹ 2,90,17,144	₹ 2,31,00,000
Autobiography 3.0 Petrol	₹ 3,22,31,219	₹ 2,56,66,000

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 Range Rover HSE 3.0 Diesel will be ₹ 4,52,267 but you will have to pay interest of ₹ 1,48,90,428 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 ₹ 9,09,292, but your interest payment will be only ₹ 96,34,512 over the 3 years period.

₹ 4,68,385
Land Rover Range Rover price starts from ₹ 2,90,17,144 in Mumbai.

We have considered
Down-payement : ₹ 59,17,144
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 96,73,000

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 Range Rover starts from ₹ 2.90 Crore, you can get a loan with an annual income as low as ₹ 96.73 lakh.

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

• 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.