Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,998.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,51,828 in Yamunanagar. If you pay a down payment of ₹ 58,725 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,998.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,51,828 in Yamunanagar. You will need to pay at least a ₹ 58,725 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 KUV100 NXT.

Version	On-road price in Yamunanagar	Max Loan
K2 6 STR	₹ 5,51,828	₹ 4,93,103
K2 Plus 6 STR [2017-2020]	₹ 5,98,618	₹ 5,34,815
K4 Plus 6 STR [2017-2020]	₹ 6,48,642	₹ 5,80,888
K6 Plus 6 STR [2017-2020]	₹ 7,22,143	₹ 6,31,144
K8 6 STR [2017-2020]	₹ 7,94,709	₹ 6,96,181
K2 D 6 STR	₹ 6,65,823	₹ 5,96,711
K2 Plus D 6 STR	₹ 7,11,551	₹ 6,21,651
K4 Plus D 6 STR	₹ 7,67,408	₹ 6,71,712
K6 Plus D 6 STR	₹ 8,62,520	₹ 7,56,956
K8 D 6 STR	₹ 9,00,238	₹ 7,90,760
K4 Plus 5 STR	₹ 6,41,699	₹ 5,74,493
K6 Plus 5 STR	₹ 7,22,145	₹ 6,31,146
K8 5 STR	₹ 7,87,596	₹ 6,89,806
K8 6 STR Dual Tone [2017-2020]	₹ 8,03,072	₹ 7,03,676
K4 Plus D 5 STR	₹ 7,60,221	₹ 6,65,271
K6 Plus D 5 STR	₹ 8,55,357	₹ 7,50,536
K8 D 5 STR	₹ 8,93,074	₹ 7,84,340
K8 D 6 STR Dual Tone	₹ 9,08,601	₹ 7,98,256
K2 Plus 6 STR	₹ 7,13,570	₹ 6,20,689
K4 Plus 6 STR	₹ 7,66,551	₹ 6,68,173
K6 Plus 6 STR	₹ 8,09,187	₹ 7,07,730
K8 6 STR	₹ 8,99,009	₹ 7,86,887
K8 6 STR Dual Tone	₹ 9,07,362	₹ 7,94,373

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 KUV100 NXT K2 6 STR will be ₹ 8,601 but you will have to pay interest of ₹ 2,29,381 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 ₹ 17,292, but your interest payment will be only ₹ 1,29,409 over the 3 years period.

₹ 9,998
Mahindra KUV100 NXT price starts from ₹ 5,51,828 in Yamunanagar.

We have considered
Down-payement : ₹ 58,725
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy KUV100 NXT with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,84,000

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 KUV100 NXT starts from ₹ 5.52 Lakh, you can get a loan with an annual income as low as ₹ 1.84 lakh.

Here are the most important things you should consider while getting a car loan for a new KUV100 NXT

• 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.