Land Rover Defender Car Loan EMI Calculator

₹ 2,10,672.
Here is how - Land Rover Defender price starts from ₹ 1,23,56,730 in Mumbai. If you pay a down payment of ₹ 19,66,730 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,10,672.

The cheapest Defender model is 110 X-Dynamic HSE 2.0 Petrol which is priced at ₹ 1,23,56,730 in Mumbai. You will need to pay at least a ₹ 19,66,730 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
110 X-Dynamic HSE 3.0 Diesel	₹ 1,59,45,077	₹ 1,32,00,000
110 X 3.0 Diesel	₹ 1,71,46,639	₹ 1,42,00,000
110 X-Dynamic HSE 2.0 Petrol	₹ 1,23,56,730	₹ 1,03,90,000
130 X 3.0 Diesel	₹ 1,89,48,983	₹ 1,57,00,000
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
90 X-Dynamic HSE 3.0 Diesel	₹ 1,51,03,983	₹ 1,25,00,000
130 X-Dynamic HSE 3.0 Diesel	₹ 1,77,47,420	₹ 1,47,00,000

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 X-Dynamic HSE 2.0 Petrol will be ₹ 1,92,595 but you will have to pay interest of ₹ 57,87,980 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 ₹ 3,87,215, but your interest payment will be only ₹ 35,49,740 over the 3 years period.

₹ 2,10,672
Land Rover Defender price starts from ₹ 1,23,56,730 in Mumbai.

We have considered
Down-payement : ₹ 19,66,730
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 ₹ 41,19,000

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 ₹ 1.24 Crore, you can get a loan with an annual income as low as ₹ 41.19 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.