Land Rover Range Rover Car Loan EMI Calculator

₹ 4,86,633.
Here is how - Land Rover Range Rover price starts from ₹ 3,01,21,950 in Mumbai. If you pay a down payment of ₹ 61,21,950 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,86,633.

The cheapest Range Rover model is HSE LWB 3.0 Diesel which is priced at ₹ 3,01,21,950 in Mumbai. You will need to pay at least a ₹ 61,21,950 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
Autobiography LWB 3.0 Petrol	₹ 3,38,65,838	₹ 2,70,00,000
HSE LWB 3.0 Diesel	₹ 3,01,21,950	₹ 2,40,00,000
SV Ranthambore Edition	₹ 6,23,92,340	₹ 4,98,00,000
SV 3.0 Diesel SWB	₹ 4,93,20,918	₹ 3,93,40,000
Autobiography 4.4 Petrol SWB	₹ 4,18,48,254	₹ 3,33,80,000
SV 4.4 Petrol SWB	₹ 5,48,47,831	₹ 4,37,70,000
SV 3.0 Diesel LWB	₹ 5,14,48,574	₹ 4,10,40,000
SV 4.4 Petrol LWB	₹ 5,70,74,900	₹ 4,55,50,000
Autobiography 4.4 Petrol LWB	₹ 4,40,87,835	₹ 3,51,70,000
HSE 3.0 Diesel LWB 7 STR	₹ 3,74,43,591	₹ 2,98,50,000
Autobiography 4.4 Petrol LWB 7 STR	₹ 4,56,26,764	₹ 3,64,00,000
Autobiography 3.0 SWB PHEV	₹ 4,08,47,324	₹ 3,25,80,000
SV 3.0 SWB PHEV	₹ 5,38,71,924	₹ 4,29,90,000
Autobiography 3.0 LWB PHEV	₹ 4,39,12,672	₹ 3,50,30,000
SV 3.0 LWB PHEV	₹ 5,51,60,622	₹ 4,40,20,000
SV 4.4 Petrol LWB Masara Edition	₹ 6,25,87,317	₹ 4,99,00,000

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 Range Rover HSE LWB 3.0 Diesel will be ₹ 4,69,487 but you will have to pay interest of ₹ 1,54,36,908 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 ₹ 9,43,912, but your interest payment will be only ₹ 99,80,832 over the 3 years period.

₹ 4,86,633
Land Rover Range Rover price starts from ₹ 3,01,21,950 in Mumbai.

We have considered
Down-payement : ₹ 61,21,950
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 ₹ 1,00,41,000

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 ₹ 3.01 Crore, you can get a loan with an annual income as low as ₹ 1 crore.

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.