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Renault Kwid Car Loan EMI Calculator

Renault Kwid
Renault Kwid ₹ 6.4 - 8.37 Lakh
Versions RXL 0.8
City Mumbai

Adjust Kwid Car Loan Parameters

₹ 9,416 EMI for 5 Years
On-Road Price
₹ 6,40,244
Down Payment
₹
Loan Tenure
Loan Interest Rate
%

Renault Kwid RXL 0.8 Car Loan EMI

On-Road Price ₹6,40,244
Ex-Showroom Price ₹4,64,400
Max Loan Amount ₹4,64,400
Down Payment as per
your Selection		 ₹1,75,844
Loan Amount ₹4,64,400
EMI Amount ₹9,416
Interest Component ₹1,00,560 (17.8%)
Principal Component ₹4,64,400 (82.2%)
Total Payable over 5 Years ₹ 5,64,960
Note: This doesn't include bank processing fee.

Renault Kwid Loan Repayment Schedule

This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

Months Principal Paid Interest Paid Balance Loan
12 ₹78,688 ₹34,308 ₹3,85,712
24 ₹85,219 ₹27,777 ₹3,00,493
36 ₹92,292 ₹20,704 ₹2,08,201
48 ₹99,952 ₹13,044 ₹1,08,248
60 ₹1,08,248 ₹4,748 ₹0

Renault Kwid EMI

Renault Kwid Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹1.76 Lakh

On-Road Price in Mumbai Down Payment EMI
RXL 0.8
₹6,19,828		 ₹1,70,328 ₹9,114
RXL 1.0
₹6,33,322		 ₹1,73,822 ₹9,317
RXL 0.8 (O)
₹6,52,890		 ₹1,78,890* ₹9,611
RXL 1.0 (O)
₹6,66,385		 ₹1,82,385* ₹9,814
CLIMBER 1.0 (O) Dual Tone
₹7,57,476		 ₹2,05,976* ₹11,182
CLIMBER 1.0 AMT (O) Dual Tone
₹8,14,155		 ₹2,20,655* ₹12,034

FAQ’s

₹9,416.

Here is how - Renault Kwid price starts from ₹6,40,244 in Mumbai. If you pay a down payment of ₹1,75,844 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹9,416.

The cheapest Kwid model is RXL 0.8 which is priced at ₹9,416 in Delhi.

You will need to pay at least a ₹76,585 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 Kwid.

VersionOn-road price MumbaiMax Loan
RXL 0.8640244464400
RXL 1.0653717474400
RXL (O) 0.8673252488900
RXL (O) 1.0686725498900
RXT 1.0735409533900
CLIMBER762488554000
CLIMBER (O) 1.0 Dual Tone775961564000
RXT 1.0 AMT796035578900
CLIMBER AMT823115599000
CLIMBER (O) 1.0 AMT Dual Tone836587609000

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 Kwid will be ₹7,238 but you will have to pay interest of ₹1,43,592 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹19,084, but your interest payment will be only ₹78,024 over the period of 3 years period.

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