Renault Duster Car Loan EMI Calculator

₹ 21,270.
Here is how - Renault Duster price starts from ₹ 12,42,329 in Mumbai. If you pay a down payment of ₹ 1,93,329 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,270.

The cheapest Duster model is Authentic Petrol 1.0L Turbo Manual which is priced at ₹ 12,42,329 in Mumbai. You will need to pay at least a ₹ 1,93,329 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 Duster.

Version	On-road price in Mumbai	Max Loan
Authentic Petrol 1.0L Turbo Manual	₹ 12,42,329	₹ 10,49,000
Evolution Petrol 1.0L Turbo Manual	₹ 13,82,423	₹ 11,69,000
Techno Petrol 1.3L Turbo Manual	₹ 17,16,857	₹ 14,49,000
Evolution Petrol 1.3L Turbo Manual	₹ 15,41,476	₹ 12,99,000
Techno Petrol 1.3L Turbo Automatic (DCT)	₹ 18,84,625	₹ 15,89,000
Techno Petrol 1.0L Turbo Manual	₹ 15,92,565	₹ 13,49,000
Techno Plus Petrol 1.3L Turbo Manual	₹ 18,14,473	₹ 15,29,000
Evolution Petrol 1.3L Turbo Automatic (DCT)	₹ 17,16,857	₹ 14,49,000
Iconic Petrol 1.3L Turbo Manual Launch Edition	₹ 20,36,621	₹ 17,19,000
Iconic Petrol 1.3L Turbo Automatic (DCT) Launch Edition	₹ 22,12,002	₹ 18,69,000
Techno Plus Petrol 1.3L Turbo Automatic (DCT)	₹ 19,78,161	₹ 16,69,000
Iconic Petrol 1.3L Turbo Manual	₹ 20,13,237	₹ 16,99,000
Iconic Petrol 1.3L Turbo Automatic (DCT)	₹ 21,88,618	₹ 18,49,000
Iconic Petrol 1.3L Turbo Manual Dual Tone	₹ 20,36,621	₹ 17,19,000
Iconic Petrol 1.3L Turbo Automatic (DCT) Dual Tone	₹ 22,12,002	₹ 18,69,000

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 Duster Authentic Petrol 1.0L Turbo Manual will be ₹ 19,363 but you will have to pay interest of ₹ 5,77,492 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 ₹ 38,930, but your interest payment will be only ₹ 3,52,480 over the 3 years period.

₹ 21,270
Renault Duster price starts from ₹ 12,42,329 in Mumbai.

We have considered
Down-payement : ₹ 1,93,329
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,15,000

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 Duster starts from ₹ 12.42 Lakh, you can get a loan with an annual income as low as ₹ 4.15 lakh.

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

• 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.