Land Rover Defender Car Loan EMI Calculator

₹ 1,96,681.
Here is how - Land Rover Defender price starts from ₹ 1,15,41,728 in Mumbai. If you pay a down payment of ₹ 18,41,728 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,96,681.

The cheapest Defender model is 110 SE 2.0 Petrol which is priced at ₹ 1,15,41,728 in Mumbai. You will need to pay at least a ₹ 18,41,728 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 Defender.

Version	On-road price in Mumbai	Max Loan
90 HSE 3.0 Diesel	₹ 1,47,31,499	₹ 1,21,90,000
90 X 3.0 Diesel	₹ 1,55,96,623	₹ 1,29,10,000
90 HSE 2.0 Petrol	₹ 1,17,18,903	₹ 98,50,000
90 Carpathian 5.0 Petrol	₹ 2,61,40,895	₹ 2,20,60,000
90 5.0 Petrol V8	₹ 2,51,60,531	₹ 2,12,30,000
110 HSE 3.0 Diesel	₹ 1,52,00,108	₹ 1,25,80,000
110 X-Dynamic HSE 3.0 Diesel	₹ 1,55,36,545	₹ 1,28,60,000
110 X 3.0 Diesel	₹ 1,64,85,780	₹ 1,36,50,000
110 SE 2.0 Petrol	₹ 1,15,41,728	₹ 97,00,000
110 HSE 2.0 Petrol	₹ 1,20,02,382	₹ 1,00,90,000
110 X-Dynamic HSE 2.0 Petrol	₹ 1,19,13,794	₹ 1,00,15,000
110 HSE 3.0 Petrol	₹ 1,49,43,476	₹ 1,25,80,000
110 X-Dynamic HSE 3.0 Petrol	₹ 1,45,89,127	₹ 1,22,80,000
90 X-Dynamic HSE 2.0 Petrol	₹ 1,15,59,446	₹ 97,15,000
90 HSE 3.0 Petrol	₹ 1,19,37,418	₹ 1,00,35,000
90 X 3.0 Petrol	₹ 1,56,16,738	₹ 1,31,50,000
110 X 3.0 Petrol	₹ 1,62,07,320	₹ 1,36,50,000
110 Carpathian 5.0 Petrol	₹ 2,72,86,623	₹ 2,30,30,000
110 5.0 Petrol V8	₹ 2,62,94,447	₹ 2,21,90,000
130 HSE 3.0 Diesel	₹ 1,67,50,123	₹ 1,38,70,000
130 X 3.0 Diesel	₹ 1,76,75,326	₹ 1,46,40,000
130 HSE 3.0 Petrol	₹ 1,64,67,175	₹ 1,38,70,000
130 X 3.0 Petrol	₹ 1,73,76,670	₹ 1,46,40,000
110 X-Dynamic HSE 2.0 Petrol PHEV	₹ 1,65,14,422	₹ 1,39,10,000
110 X 2.0 Petrol PHEV	₹ 1,76,83,773	₹ 1,49,00,000
OCTA	₹ 3,13,85,256	₹ 2,65,00,000
OCTA Edition One	₹ 3,37,47,581	₹ 2,85,00,000
130 HSE 3.0 Petrol Outbound	₹ 1,67,38,843	₹ 1,41,00,000
130 HSE 3.0 Diesel Outbound	₹ 1,70,26,483	₹ 1,41,00,000
Sedona Edition Petrol	₹ 1,65,02,610	₹ 1,39,00,000
Sedona Edition Diesel	₹ 1,67,86,170	₹ 1,39,00,000

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 Defender 110 SE 2.0 Petrol will be ₹ 1,79,892 but you will have to pay interest of ₹ 54,10,928 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 ₹ 3,61,676, but your interest payment will be only ₹ 33,20,336 over the 3 years period.

₹ 1,96,681
Land Rover Defender price starts from ₹ 1,15,41,728 in Mumbai.

We have considered
Down-payement : ₹ 18,41,728
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 38,48,000

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 Defender starts from ₹ 1.15 Crore, you can get a loan with an annual income as low as ₹ 38.48 lakh.

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

• 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.