Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,886.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,84,460 in Mumbai. If you pay a down payment of ₹ 96,917 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,886.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,84,460 in Mumbai. You will need to pay at least a ₹ 96,917 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 6 STR	₹ 5,84,460	₹ 4,87,543
K2 Plus 6 STR [2017-2020]	₹ 6,31,139	₹ 5,28,169
K4 Plus 6 STR [2017-2020]	₹ 6,84,077	₹ 5,74,242
K6 Plus 6 STR [2017-2020]	₹ 7,77,932	₹ 6,55,926
K8 6 STR [2017-2020]	₹ 8,16,549	₹ 6,89,535
K2 D 6 STR	₹ 7,15,834	₹ 5,91,381
K2 Plus D 6 STR	₹ 7,44,997	₹ 6,16,320
K4 Plus D 6 STR	₹ 8,02,389	₹ 6,65,398
K6 Plus D 6 STR	₹ 9,03,224	₹ 7,51,626
K8 D 6 STR	₹ 9,42,754	₹ 7,85,429
K4 Plus 5 STR	₹ 6,76,727	₹ 5,67,846
K6 Plus 5 STR	₹ 7,70,607	₹ 6,49,551
K8 5 STR	₹ 8,09,224	₹ 6,83,160
K8 6 STR Dual Tone [2017-2020]	₹ 8,25,160	₹ 6,97,030
K4 Plus D 5 STR	₹ 7,94,858	₹ 6,58,958
K6 Plus D 5 STR	₹ 8,95,718	₹ 7,45,206
K8 D 5 STR	₹ 9,35,246	₹ 7,79,009
K8 D 6 STR Dual Tone	₹ 9,42,378	₹ 7,92,925
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 6 STR will be ₹ 9,110 but you will have to pay interest of ₹ 2,77,697 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 ₹ 18,315, but your interest payment will be only ₹ 1,71,797 over the 3 years period.

₹ 9,886
Mahindra KUV100 NXT price starts from ₹ 5,84,460 in Mumbai.

We have considered
Down-payement : ₹ 96,917
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 ₹ 1,95,000

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 ₹ 5.84 Lakh, you can get a loan with an annual income as low as ₹ 1.95 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.