Renault Kiger Car Loan EMI Calculator

₹ 12,166.
Here is how - Renault Kiger price starts from ₹ 7,04,450 in Mumbai. If you pay a down payment of ₹ 1,04,460 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,166.

The cheapest Kiger model is RXE which is priced at ₹ 7,04,450 in Mumbai. You will need to pay at least a ₹ 1,04,460 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	₹ 7,04,450	₹ 5,99,990
RXL	₹ 7,73,286	₹ 6,59,990
RXL AMT	₹ 8,30,648	₹ 7,09,990
RXT MT	₹ 8,76,538	₹ 7,49,990
RXT(O) MT	₹ 9,33,901	₹ 7,99,990
RXT AMT	₹ 9,33,901	₹ 7,99,990
RXT(O) AMT	₹ 9,94,324	₹ 8,49,990
RXZ MT	₹ 10,28,741	₹ 8,79,990
RXZ AMT	₹ 10,86,104	₹ 9,29,990
RXT(O) Turbo MT	₹ 10,86,104	₹ 9,29,990
RXZ Turbo MT	₹ 11,66,412	₹ 9,99,990
RXT (O) Turbo CVT	₹ 12,21,634	₹ 10,29,990
RXZ Turbo CVT	₹ 13,03,356	₹ 10,99,990
RXT(O) MT Dual Tone	₹ 9,63,348	₹ 8,22,990
RXT(O) AMT Dual Tone	₹ 10,20,711	₹ 8,72,990
RXZ MT Dual Tone	₹ 10,55,129	₹ 9,02,990
RXZ AMT Dual Tone	₹ 11,12,491	₹ 9,52,990
RXT(O) Turbo MT Dual Tone	₹ 11,12,491	₹ 9,52,990
RXZ Turbo MT Dual Tone	₹ 12,13,463	₹ 10,22,990
RXT (O) Turbo CVT Dual Tone	₹ 12,48,487	₹ 10,52,990
RXZ Turbo CVT Dual Tone	₹ 13,30,208	₹ 11,22,990

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 ₹ 10,980 but you will have to pay interest of ₹ 3,22,330 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 ₹ 22,075, but your interest payment will be only ₹ 1,94,710 over the 3 years period.

₹ 12,166
Renault Kiger price starts from ₹ 7,04,450 in Mumbai.

We have considered
Down-payement : ₹ 1,04,460
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 ₹ 2,35,000

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 ₹ 7.04 Lakh, you can get a loan with an annual income as low as ₹ 2.35 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.