Land Rover Range Rover Car Loan EMI Calculator

₹ 4,86,633.
Here is how - Land Rover Range Rover price starts from ₹ 3,01,44,450 in Mumbai. If you pay a down payment of ₹ 61,44,450 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 3.0 Diesel which is priced at ₹ 3,01,44,450 in Mumbai. You will need to pay at least a ₹ 61,44,450 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 Petrol 3.0L Turbo Automatic 5 STR	₹ 5,83,02,053	₹ 4,64,80,000
SV Mild Hybrid (Electric + Diesel) 3.0L Turbo Automatic 5 STR	₹ 4,80,61,103	₹ 3,83,04,000
SV Mild Hybrid(Electric + Petrol) 4.4L Turbo Automatic 5 STR	₹ 5,33,33,554	₹ 4,25,13,333
SV Mild Hybrid(Electric + Petrol) 4.4L Turbo Automatic 5 STR Masara Edition	₹ 5,84,18,957	₹ 4,65,73,333
HSE 3.0 Diesel	₹ 3,01,44,450	₹ 2,40,00,000
Autobiography 3.0 Petrol	₹ 3,32,75,856	₹ 2,65,00,000
SV Ultra Mild Hybrid(Electric + Petrol) 4.4L Turbo Automatic 5 STR	₹ 4,49,67,124	₹ 3,80,00,000

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 3.0 Diesel will be ₹ 4,69,838 but you will have to pay interest of ₹ 1,54,66,392 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 ₹ 9,44,618, but your interest payment will be only ₹ 1,00,06,248 over the 3 years period.

₹ 4,86,633
Land Rover Range Rover price starts from ₹ 3,01,44,450 in Mumbai.

We have considered
Down-payement : ₹ 61,44,450
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 ₹ 1,00,49,000

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.