Renault Kiger Car Loan EMI Calculator

₹ 12,470.
Here is how - Renault Kiger price starts from ₹ 7,21,664 in Mumbai. If you pay a down payment of ₹ 1,06,669 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,470.

The cheapest Kiger model is RXE which is priced at ₹ 7,21,664 in Mumbai. You will need to pay at least a ₹ 1,06,669 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
RXE	₹ 7,21,664	₹ 6,14,995
RXL	₹ 8,07,708	₹ 6,89,995
RXT (O) MT	₹ 9,33,906	₹ 7,99,995
RXZ	₹ 10,28,747	₹ 8,79,995
RXL AMT	₹ 8,65,071	₹ 7,39,995
RXT (O) AMT	₹ 9,94,329	₹ 8,49,995
RXZ Turbo MT	₹ 11,66,417	₹ 9,99,995
RXZ Turbo CVT	₹ 13,03,361	₹ 10,99,995
RXT (O) Turbo CVT	₹ 11,66,417	₹ 9,99,995
RXT (O) MT Dual Tone	₹ 9,63,353	₹ 8,22,995
RXT (O) AMT Dual Tone	₹ 10,20,716	₹ 8,72,995
RXZ MT Dual Tone	₹ 10,55,134	₹ 9,02,995
RXT (O) Turbo CVT Dual Tone	₹ 12,13,468	₹ 10,22,995
RXZ Turbo MT Dual Tone	₹ 12,13,468	₹ 10,22,995
RXZ Turbo CVT Dual Tone	₹ 13,30,214	₹ 11,22,995
RXE CNG	₹ 8,01,164	₹ 6,14,995
RXL CNG	₹ 8,87,208	₹ 6,89,995
RXT (O) MT CNG	₹ 10,13,406	₹ 7,99,995
RXZ CNG	₹ 11,08,247	₹ 8,79,995

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 RXE will be ₹ 11,248 but you will have to pay interest of ₹ 3,29,837 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 ₹ 22,614, but your interest payment will be only ₹ 1,99,109 over the 3 years period.

₹ 12,470
Renault Kiger price starts from ₹ 7,21,664 in Mumbai.

We have considered
Down-payement : ₹ 1,06,669
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 ₹ 2,41,000

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 ₹ 7.22 Lakh, you can get a loan with an annual income as low as ₹ 2.41 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.