This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
Months
Principal Paid
Interest Paid
Balance Loan
12
₹40,47,416
₹17,64,691
₹1,98,39,584
24
₹43,83,349
₹14,28,758
₹1,54,56,235
36
₹47,47,165
₹10,64,942
₹1,07,09,070
48
₹51,41,177
₹6,70,929
₹55,67,893
60
₹55,67,893
₹2,44,214
₹0
Land Rover Range Rover EMI
Land Rover Range Rover Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹44.12 Lakh
Here is how - Land Rover Range Rover price starts from ₹2,82,98,879 in Mumbai. If you pay a down payment of ₹44,11,879 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹4,84,342.
The cheapest Range Rover model is SE 3.0 Petrol which is priced at ₹4,84,342 in Delhi.
You will need to pay at least a ₹66,22,038 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 Mumbai
Max Loan
SE 3.0 Petrol
28298879
23887000
SE 3.0 Diesel
28786174
23887000
SE 4.4 Petrol
30123775
25432000
SE LWB 3.0 Petrol
30383631
25652000
SE LWB 3.0 Diesel
30906932
25652000
HSE 3.0 Petrol
31297850
26426000
HSE 3.0 Diesel
31836941
26426000
SE LWB 3.0 Diesel 7 STR
32316364
26825000
SE LWB 3.0 Petrol 7 STR
31769134
26825000
SE 4.4 LWB Petrol
32208526
27197000
HSE 4.4 Petrol
33122746
27971000
HSE LWB 3.0 Petrol
33255036
28083000
HSE LWB 3.0 Diesel
33827930
28083000
SE LWB 4.4 Petrol 7 STR
33594030
28370000
HSE LWB 3.0 Petrol 7 STR
34626366
29244000
HSE LWB 3.0 Diesel 7 STR
35222944
29244000
HSE 4.4 LWB Petrol
35079932
29628000
Autobiography 3.0 Petrol
35447274
29939000
Autobiography 3.0 Diesel
36058030
29939000
HSE LWB 4.4 Petrol 7 STR
36451262
30789000
Autobiography 4.4 Petrol
37272170
31484000
Autobiography LWB 3.0 Diesel
38063437
31608000
Autobiography 3.0 LWB Petrol
37418633
31608000
First Edition 3.0 Diesel
38858872
32270000
First Edition 3.0 Petrol
38200564
32270000
Autobiography 3.0 Petrol 7 STR
38779333
32760000
Autobiography LWB 3.0 Diesel 7 STR
39447637
32760000
Autobiography 4.4 LWB Petrol
39243529
33153000
First Edition 4.4 Petrol
39642762
33491000
First Edition 3.0 LWB Petrol
40171923
33939000
First Edition LWB 3.0 Diesel
40864279
33939000
Autobiography LWB 4.4 Petrol 7 STR
40604229
34305000
First Edition 4.4 LWB Petrol
41605854
35153000
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 will be ₹3,72,308 but you will have to pay interest of ₹73,86,872 over the period of 7 years.
2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹11,01,567, but your interest payment will be only ₹45,03,412 over the period of 3 years period.
₹4,84,342.
Land Rover Range Rover price starts from ₹2,82,98,879 in Mumbai.
We have considered
Down-payment: 44,11,879
Tenure: 5 years
Interest rate: 8%
You will need to fulfil the following 2 criteria to buy Range Rover with a loan.
1. Age should be above 21.
2. Your annual income should be above ₹70,75,000
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 2,82,98,879, you can get a loan with an annual income as low as 70,75,000.
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.
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