ICML Rhino Rx [2008-2014] Car Loan EMI Calculator

₹ 10,314.
Here is how - ICML Rhino Rx [2008-2014] price starts from ₹ 5,70,873 in Mumbai. If you pay a down payment of ₹ 62,185 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,314.

The cheapest Rhino Rx [2008-2014] model is Winner Di NAC M/Stg 9-Str BS-III which is priced at ₹ 5,70,873 in Mumbai. You will need to pay at least a ₹ 62,185 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 Rhino Rx [2008-2014].

Version	On-road price in Mumbai	Max Loan
S1 AC	₹ 7,48,178	₹ 6,73,770
S2	₹ 8,06,649	₹ 7,26,990
DLX Double-AC	₹ 8,53,789	₹ 7,69,895
S1 Non-AC	₹ 7,24,529	₹ 6,52,245
DLX	₹ 8,30,296	₹ 7,48,512
Winner CRDfi 9-Str BS IV	₹ 8,58,149	₹ 7,39,867
Xciter CRDfi	₹ 8,24,322	₹ 7,37,706
Royal CRDfi	₹ 8,70,582	₹ 7,79,506
Delite Di DAC 7-Str BS-III	₹ 9,83,961	₹ 8,46,966
Delite CRDfi DAC 7-Str BS-IV	₹ 10,76,528	₹ 9,27,689
Royal CRDfi BS-IV	₹ 9,00,824	₹ 8,04,122
Winner Di P/S AC 9-Str BS-III	₹ 8,60,081	₹ 7,41,552
Xciter CRDFi BS-IV	₹ 8,51,565	₹ 7,62,322
Winner Di NAC M/Stg 9-Str BS-III	₹ 5,70,873	₹ 5,08,688
Winner Di AC M/Stg 10-Str BS-III	₹ 6,99,423	₹ 6,24,846
Winner CRDi AC 9-Str BS-IV	₹ 9,13,482	₹ 7,88,121
Xciter Di DAC 8-Str BS-III	₹ 7,89,118	₹ 7,05,895
Xciter Di DAC 9-Str BS-III	₹ 9,17,303	₹ 7,91,452
Xciter CRDfi DAC 9-Str BS-III	₹ 9,70,555	₹ 8,35,275
Winner Di 9-Str BS-III	₹ 7,46,472	₹ 6,42,478
Xciter CRDfi DAC 9-Str BS-IV	₹ 10,03,810	₹ 8,64,275
Delite CRDfi DAC 7-Str BS-III	₹ 10,45,885	₹ 9,00,967

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 Rhino Rx [2008-2014] Winner Di NAC M/Stg 9-Str BS-III will be ₹ 8,898 but you will have to pay interest of ₹ 2,38,744 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 ₹ 17,889, but your interest payment will be only ₹ 1,35,316 over the 3 years period.

₹ 10,314
ICML Rhino Rx [2008-2014] price starts from ₹ 5,70,873 in Mumbai.

We have considered
Down-payement : ₹ 62,185
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Rhino Rx [2008-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,91,000

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 Rhino Rx [2008-2014] starts from ₹ 5.71 Lakh, you can get a loan with an annual income as low as ₹ 1.91 lakh.

Here are the most important things you should consider while getting a car loan for a new Rhino Rx [2008-2014]

• 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.