Mitsubishi Pajero Sport Car Loan EMI Calculator

₹ 56,470.
Here is how - Mitsubishi Pajero Sport price starts from ₹ 32,01,968 in Indore. If you pay a down payment of ₹ 4,16,968 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 56,470.

The cheapest Pajero Sport model is 2.5 MT which is priced at ₹ 32,01,968 in Indore. You will need to pay at least a ₹ 4,16,968 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 Pajero Sport.

Version	On-road price in Indore	Max Loan
2.5 MT	₹ 32,01,968	₹ 27,85,000
Limited Edition	₹ 32,57,582	₹ 28,34,000
2.5 AT	₹ 32,59,284	₹ 28,35,500
Select Plus AT	₹ 33,92,077	₹ 29,52,500
Select Plus MT	₹ 34,37,816	₹ 29,92,800

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 Pajero Sport 2.5 MT will be ₹ 49,907 but you will have to pay interest of ₹ 14,07,188 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 ₹ 1,00,338, but your interest payment will be only ₹ 8,27,168 over the 3 years period.

₹ 56,470
Mitsubishi Pajero Sport price starts from ₹ 32,01,968 in Indore.

We have considered
Down-payement : ₹ 4,16,968
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 10,68,000

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 Pajero Sport starts from ₹ 32.02 Lakh, you can get a loan with an annual income as low as ₹ 10.68 lakh.

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

• 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.