Renault Kiger Car Loan EMI Calculator

₹ 11,781.
Here is how - Renault Kiger price starts from ₹ 6,81,165 in Mumbai. If you pay a down payment of ₹ 1,00,165 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,781.

The cheapest Kiger model is Authentic Petrol Manual which is priced at ₹ 6,81,165 in Mumbai. You will need to pay at least a ₹ 1,00,165 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 Kiger.

Version	On-road price in Mumbai	Max Loan
Authentic Petrol Manual	₹ 6,81,165	₹ 5,81,000
Evolution Petrol Manual	₹ 7,66,062	₹ 6,55,000
Techno Petrol Manual	₹ 8,80,787	₹ 7,55,000
Emotion Petrol Manual	₹ 9,87,100	₹ 8,45,000
Evolution Petrol Automatic (AMT)	₹ 8,16,540	₹ 6,99,000
Techno Petrol Turbo Automatic (CVT)	₹ 10,90,353	₹ 9,35,000
Emotion Petrol Turbo Manual	₹ 10,90,353	₹ 9,35,000
Emotion Petrol Turbo Automatic (CVT)	₹ 12,25,985	₹ 10,35,000
Techno Petrol Automatic (AMT)	₹ 9,41,210	₹ 8,05,000
Techno Petrol Manual Dual Tone	₹ 8,80,787	₹ 7,55,000
Techno Petrol Automatic (AMT) Dual Tone	₹ 9,41,210	₹ 8,05,000
Emotion Petrol Manual Dual Tone	₹ 9,87,100	₹ 8,45,000
Emotion Petrol Turbo Manual Dual Tone	₹ 10,90,353	₹ 9,35,000
Techno Petrol Turbo Automatic (CVT) Dual Tone	₹ 10,90,353	₹ 9,35,000
Emotion Petrol Turbo Automatic (CVT) Dual Tone	₹ 12,25,985	₹ 10,35,000
Authentic CNG Manual	₹ 7,42,886	₹ 5,81,000
Evolution CNG Manual	₹ 8,25,519	₹ 6,55,000
Techno CNG Manual	₹ 9,37,184	₹ 7,55,000
Emotion CNG Manual	₹ 10,40,743	₹ 8,45,000
Evolution Plus Petrol Turbo Manual	₹ 9,19,793	₹ 7,89,000
Evolution Plus Petrol Manual	₹ 8,16,540	₹ 6,99,000
Evolution Plus Petrol Automatic (AMT)	₹ 8,69,314	₹ 7,45,000
Techno Petrol Turbo Manual	₹ 9,87,100	₹ 8,45,000

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 Kiger Authentic Petrol Manual will be ₹ 10,617 but you will have to pay interest of ₹ 3,10,828 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 ₹ 21,345, but your interest payment will be only ₹ 1,87,420 over the 3 years period.

₹ 11,781
Renault Kiger price starts from ₹ 6,81,165 in Mumbai.

We have considered
Down-payement : ₹ 1,00,165
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,28,000

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 Kiger starts from ₹ 6.81 Lakh, you can get a loan with an annual income as low as ₹ 2.28 lakh.

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

• 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.