Lexus RX Car Loan EMI Calculator

₹ 1,94,248.
Here is how - Lexus RX price starts from ₹ 1,13,99,989 in Mumbai. If you pay a down payment of ₹ 18,19,989 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,94,248.

The cheapest RX model is 350h Luxury which is priced at ₹ 1,13,99,989 in Mumbai. You will need to pay at least a ₹ 18,19,989 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 RX.

Version	On-road price in Mumbai	Max Loan
350h Luxury	₹ 1,13,99,989	₹ 95,80,000
500h F-Sport Plus	₹ 1,40,33,981	₹ 1,18,10,000

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 RX 350h Luxury will be ₹ 1,77,683 but you will have to pay interest of ₹ 53,45,372 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 ₹ 3,57,234, but your interest payment will be only ₹ 32,80,424 over the 3 years period.

₹ 1,94,248
Lexus RX price starts from ₹ 1,13,99,989 in Mumbai.

We have considered
Down-payement : ₹ 18,19,989
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 38,00,000

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 RX starts from ₹ 1.14 Crore, you can get a loan with an annual income as low as ₹ 38 lakh.

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

• 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.