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Renault Kwid Car Loan EMI Calculator

Renault Kwid
Renault Kwid 6.2 - 8.16 Lakh
Versions RXL 0.8 City Mumbai

Adjust Kwid Car Loan Parameters

9,114 EMI for 5 Years
On-Road Price
6,20,170
Down Payment
Loan Tenure
Loan Interest Rate
%
Total Loan Taken
4,49,500

Renault Kwid RXL 0.8 Car Loan EMI

On-Road Price ₹6,20,170
Ex-Showroom Price ₹4,49,500
Max Loan Amount ₹4,49,500
Down Payment as per your Selection 1,70,670
Loan Amount 4,49,500
EMI Amount 9,114
Interest Component 97,340 (17.8%)
Principal Component 4,49,500 (82.2%)
Total Payable over 5 Years 5,46,840
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 ₹76,163 ₹33,208 ₹3,73,337
24 ₹82,485 ₹26,886 ₹2,90,852
36 ₹89,331 ₹20,040 ₹2,01,521
48 ₹96,745 ₹12,625 ₹1,04,775
60 ₹1,04,775 ₹4,596 ₹0

Renault Kwid EMI

Renault Kwid Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹1.71 Lakh

On-Road Price in Mumbai Down Payment EMI
RXE 0.8
₹4,98,586
74,086 8,607
RXT 0.8
₹5,71,297
83,297 9,895
RXL 1.0 AMT
₹5,96,843
87,843 10,321
RXT 1.0 Option
₹5,97,415
87,915 10,331
RXL 0.8
₹6,19,828
1,70,328 9,114
CLIMBER 1.0 Option
₹6,21,690
90,990 10,761
RXL 1.0
₹6,33,322
1,73,822* 9,317
RXT 1.0 AMT Option
₹6,43,217
93,717 11,142
CLIMBER 1.0 AMT Option
₹6,67,493
96,793 11,572
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
* Min down payment requirement for this model is higher then your selected value

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FAQs

₹9,114.

Here is how - Renault Kwid price starts from ₹6,20,170 in Mumbai. If you pay a down payment of ₹1,70,670 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹9,114.

The cheapest Kwid model is RXL 0.8 which is priced at ₹9,114 in Delhi.

You will need to pay at least a ₹86,826 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 0.8620170449500
RXL 1.0633643459500
RXL (O) 0.8653178474000
RXL (O) 1.0666650484000
RXT 1.0715334519000
CLIMBER745648541500
CLIMBER (O) 1.0 Dual Tone759121551500
RXT 1.0 AMT771920561000
CLIMBER AMT802232583500
CLIMBER (O) 1.0 AMT Dual Tone815705593500

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 ₹7,006 but you will have to pay interest of ₹1,39,004 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹18,598, but your interest payment will be only ₹76,028 over the period of 3 years period.

Disclaimer : The EMI calculator performs the calculation as per the information entered by you and this does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest whole figure. The actual down payment and EMI payment may vary depending upon type and use of vehicle, lender requirements and your credit strength. Check with a financial institution for the exact payment.
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