Renault Kiger Car Loan – Features & Benefits
| Interest Rate Renault Kiger Car Loan | 8.50% – 10.5 % Per Annum |
| Loan Amount | Upto 100% of the total amount |
| Tenure | 12 – 84 Months |
| Lowest EMI per Lakh | Rs 1,666 |
| Processing Fee | Rs 2,500 – Rs 10,000 |
| Prepayment Charges | Varies with Banks |
Renault Kiger Car Loan – Eligibility Criteria
| Particulars | Details |
| Minimum Age of the Applicant | 18 years |
| Maximum Age of the Applicant | 60 years for salaried applicants and 65 years for self-employed applicants |
| Minimum Annual Income | Rs. 100000 net annual income. for salaried individuals,
and Net profit Rs. 60000 p.m. for Self – Employed individuals |
| Car Model | Any approved car model |
| Type of Employment | Salaried or self-employed |
| Country or Place of Residence | India (rural/semi-urban/urban areas) |
| Duration of Stay in Current Residence | A minimum of 1 year |
Renault Kiger Car – Loan EMI Calculator
Equated Monthly Instalment (acronym – EMI) is the amount to be paid to the Bank/NBFC till the loan is completely repaid. It includes the amount that the bank paid to cover the charges for Renault Kiger Car Loan* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Renault Kiger Car Loan. The EMI Calculator would assist you to make an educated and wise decision about the loan amount, the interest rate, the tenure, and the consequents cost of EMIs.
The formula to calculate Maruti Suzuki Car Loan EMI is given below
E is EMI
P is Principal Loan Amount
r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)
n is loan term / tenure / duration in number of months
*- The loan amount for an individual depends on various criteria described above.
Renault Kiger Car Loan – Loan Interest Rate, Fees, and Charges
| Interest Rate | 8.25% – 14.26% (Avg – 9.40%) |
| Processing Fee | Lower of Rs. 10,000 or 0.4% of car loan sanctioned |
| Foreclosure Charges | 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago) |
| Documentation Fees | Rs. 600 each time |
| Penalty for Late Payment | 2% each month |
| Financing Quantum | up to 100% depending on customer profile |
Apart from the charges mentioned above, there are a variety of fees associated with car loans. Fees such as stamp duty, road tax, loan cancellation fees, loan bank transfer fees, etc.
These various charges are the same for all lenders. However, there could be minor differences that are subject to regional charges.
Renault Kiger Car Loan – Documents Required
Documents required for a car loan are as followed
- Identification proof
- Proof of age
- Address proof
- Application form
- Passport size photograph
- Income proof
- Bank statement
- Proforma Invoice
- Signature verification proof
Renault Kiger Car Loan – Documents Required for Salaried Professionals
| Document | Requirement |
| Identity Proof | Aadhaar card PAN card Driving License Passport Voter ID |
| Address Proof | Aadhaar card Passport Driving License Voter ID Family card (ration card) Utility bill (Electricity, water, or telephone) Life insurance policy The applicant’s name must be present on the ration card or utility bill. |
| Age Proof | Birth certificate School transfer certificate Std. 10th mark sheet Aadhaar card |
| Income Proof | Salary slips Form 16 Income tax return document |
| Bank Statement | 3 to 6 months bank statement |
| Signature Verification Proof | Banks have separate forms for applicants to fill up along with their signature |
| Proforma Invoice | This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car. |
Renault Kiger Car Loan – Documents for Self-Employed Individuals
| Document | Requirement |
| Identity Proof | Aadhar card PAN card Passport Voter ID Driving license |
| Address Proof | Aadhar card Passport Voter ID Driving license Ration card Utility bill (telephone, electricity, or water) Life insurance policy |
| Age Proof | Birth certificate School transfer certificate Marksheet Aadhaar card |
| Bank Statement | 3-6 months bank statement |
| Business Ownership Proof | To prove that the business is under operation, the following can be provided Office address proof Maintenance bill Utility bill Additionally, the applicant must also provide a copy of the business registration license. |
| Proof of Income | Income tax returns for up to 2 years Audited balance sheet Profit-loss statement |
| Signature Verification Proof | Most banks have separate forms to prove the signature of the individual. |
| Proforma Invoice | A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan. |
Renault Kiger
Rs. 5.45 Lakh* – Rs. 9.75 Lakh*
*- Ex-showroom price Delhi
Renault Kiger
Renault Kiger is a five-seater compact-SUV priced between Rs.5.45 Lakh –9.75 Lakh. Renault Kiger has 24 variants to offer. The base model is RENAULT KIGER RXE 1.0L ENERGY MT at Rs. 5.45 Lakh, and the top variant is RENAULT KIGER RXZ X-TRONIC (CVT) 1.0L TURBO DUAL TONE that costs Rs. 9.75 Lakh.
Prices of Renault Kiger Ex-showroom Delhi
| Variant | Ex-Showroom Price |
| RXE
999 cc, Manual, Petro |
Rs.5.45 Lakh |
| RXE DT
999 cc, Manual, Petrol |
Rs.5.65 Lakh |
| RXL
999 cc, Manual, Petrol |
Rs.6.32 Lakh |
| RXL DT
999 cc, Manual, Petrol |
Rs.6.52 Lakh |
| RXT
999 cc, Manual, Petrol |
Rs.6.80 Lakh |
| RXL AMT
999 cc, Automatic, Petrol |
Rs.6.82 Lakh |
| RXT DT
999 cc, Manual, Petrol |
Rs.7.00 Lakh |
| RXL AMT DT
999 cc, Automatic, Petrol |
Rs.7.02 Lakh |
| RXT AMT
999 cc, Automatic, Petrol |
Rs.7.30 Lakh |
| RXL Turbo
999 cc, Manual, Petrol |
Rs.7.42 Lakh |
| RXT AMT DT
999 cc, Automatic, Petrol |
Rs.7.50 Lakh |
| RXL Turbo DT
999 cc, Manual, Petrol |
Rs.7.62 Lakh |
| RXZ
999 cc, Manual, Petrol |
Rs.7.69 Lakh |
| RXZ DT
999 cc, Manual, Petrol |
Rs.7.89 Lakh |
| RXT Turbo
999 cc, Manual, Petrol |
Rs.7.90 Lakh |
| RXT Turbo DT
999 cc, Manual, Petrol |
Rs.8.10 Lakh |
| RXZ AMT
999 cc, Automatic, Petrol |
Rs.8.19 Lakh |
| RXZ AMT DT
999 cc, Automatic, Petrol |
Rs.8.39 Lakh |
| RXT Turbo CVT
999 cc, Automatic, Petrol |
Rs.8.60 Lakh |
| RXZ Turbo
999 cc, Manual, Petrol |
Rs.8.79 Lakh |
| RXT Turbo CVT DT
999 cc, Automatic, Petrol |
Rs.8.80 Lakh |
| RXZ Turbo DT
999 cc, Manual, Petrol |
Rs.8.99 Lakh |
| RXZ Turbo CVT
999 cc, Automatic, Petrol |
Rs.9.55 Lakh |
| RXZ Turbo CVT DT
999 cc, Automatic, Petrol |
Rs.9.75 Lakh |
Renault Kiger Mileage
| Fuel Type | Transmission | ARAI Mileage |
|---|---|---|
|
Petrol (999 cc) |
Manual | 20 kmpl |
How to get Renault Kiger Car Loan
- Visit the official page of Dialabank
- Go to the Car Loan option and provide the required information.
- Our relationship manager will get in touch with you over your application.
- Please Contact Dialabank at 9878981166 for further queries.
Renault Kiger Car Loan News
-
India’s most affordable SUV, Renault Kiger, gets costlier:
French carmaker Renault has increased the prices of its subcompact SUV Kiger that was launched in February this year. The SUV has seen a hike of up to ₹33,000 within three months of its launch.
Renault Kiger Car Loan FAQs
✅ What is the Minimum and Maximum Loan Amount for Renault Kiger Car Loan?
The minimum loan amount is Rs 1,00,000 and the maximum loan amount is Loan up to 90% of On Road Price.
✅ What is the Renault Kiger Car Loan Tenure?
1 year – 7 years is the loan tenure for Renault Kiger Loan.
✅ How many colours variants are available in Renault Kiger?
Renault Kiger offers 11 colour choices- Moonlight Silver with Mystery Black, Mahogany Brown, Moonlight Silver, Planet Grey, ICE Cool White, Caspian Blue With Mystery Black, Planet Grey With Mystery Black, Mahogany Brown With Mystery Black, Caspian Blue, lce -Cool White With Mystery Black and Radiant Red With Mystery Black.
✅What is the boot space of Renault Kiger?
Renault Kiger has a boot space of 405 litres.
✅ What will be the lowest down payment for Renault Kiger Car Loan?
The lender generally finances 90% of the Renault Kiger’s on-road price. Some consumers may also be eligible for 100% financing. The down payment is the difference between the On-Road Price of the Renault Kiger car loan and the loan amount.
