Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 12,432.
Here is how - Mahindra KUV100 NXT price starts from ₹ 7,25,579 in Mumbai. If you pay a down payment of ₹ 1,12,476 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,432.

The cheapest KUV100 NXT model is K2 Plus 6 STR which is priced at ₹ 7,25,579 in Mumbai. You will need to pay at least a ₹ 1,12,476 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 Mumbai	Max Loan
K2 Plus 6 STR	₹ 7,25,579	₹ 6,13,103
K4 Plus 6 STR	₹ 7,80,141	₹ 6,60,589
K6 Plus 6 STR	₹ 8,73,368	₹ 7,41,138
K8 6 STR	₹ 9,16,542	₹ 7,79,302
K8 6 STR Dual Tone	₹ 9,25,144	₹ 7,86,788

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 Plus 6 STR will be ₹ 11,309 but you will have to pay interest of ₹ 3,36,853 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 ₹ 22,737, but your interest payment will be only ₹ 2,05,429 over the 3 years period.

₹ 12,432
Mahindra KUV100 NXT price starts from ₹ 7,25,579 in Mumbai.

We have considered
Down-payement : ₹ 1,12,476
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 ₹ 2,42,000

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 ₹ 7.26 Lakh, you can get a loan with an annual income as low as ₹ 2.42 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.