Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 9,964.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,64,745 in Moradabad. If you pay a down payment of ₹ 73,323 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,964.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,64,745 in Moradabad. You will need to pay at least a ₹ 73,323 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 KUV100 NXT.

Version	On-road price in Moradabad	Max Loan
K2 6 STR	₹ 5,64,745	₹ 4,91,422
K2 Plus 6 STR [2017-2020]	₹ 6,12,653	₹ 5,33,015
K4 Plus 6 STR [2017-2020]	₹ 6,64,060	₹ 5,79,088
K6 Plus 6 STR [2017-2020]	₹ 7,22,143	₹ 6,31,144
K8 6 STR [2017-2020]	₹ 7,92,203	₹ 6,93,935
K2 D 6 STR	₹ 6,80,783	₹ 5,94,076
K2 Plus D 6 STR	₹ 7,09,706	₹ 6,19,997
K4 Plus D 6 STR	₹ 7,64,128	₹ 6,68,773
K6 Plus D 6 STR	₹ 8,60,002	₹ 7,54,699
K8 D 6 STR	₹ 8,97,718	₹ 7,88,502
K4 Plus 5 STR	₹ 6,56,925	₹ 5,72,693
K6 Plus 5 STR	₹ 7,22,144	₹ 6,31,145
K8 5 STR	₹ 7,85,090	₹ 6,87,560
K8 6 STR Dual Tone [2017-2020]	₹ 8,00,566	₹ 7,01,430
K4 Plus D 5 STR	₹ 7,56,943	₹ 6,62,333
K6 Plus D 5 STR	₹ 8,52,838	₹ 7,48,279
K8 D 5 STR	₹ 8,90,556	₹ 7,82,082
K8 D 6 STR Dual Tone	₹ 9,06,082	₹ 7,95,998
K2 Plus 6 STR	₹ 7,12,414	₹ 6,19,653
K4 Plus 6 STR	₹ 7,65,396	₹ 6,67,138
K6 Plus 6 STR	₹ 8,43,343	₹ 7,38,342
K8 6 STR	₹ 8,97,854	₹ 7,85,852
K8 6 STR Dual Tone	₹ 9,06,209	₹ 7,93,340

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 KUV100 NXT K2 6 STR will be ₹ 8,802 but you will have to pay interest of ₹ 2,47,946 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 ₹ 17,697, but your interest payment will be only ₹ 1,45,670 over the 3 years period.

₹ 9,964
Mahindra KUV100 NXT price starts from ₹ 5,64,745 in Moradabad.

We have considered
Down-payement : ₹ 73,323
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy KUV100 NXT with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,89,000

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 KUV100 NXT starts from ₹ 5.65 Lakh, you can get a loan with an annual income as low as ₹ 1.89 lakh.

Here are the most important things you should consider while getting a car loan for a new KUV100 NXT

• 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.