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    Best 8-Seater Cars in India 2018

    Consumers in India prefer an 8-seater car for big families that travel together or taxi operators who have to carry more passengers/transport goods. With an 8-seater car, you can transport your extended family, pets, and excess luggage comfortably.

    Here is a list of the best 8-seater cars available in the Indian car market:

    1. Toyota Innova Crysta

    The Innova Crysta is an upgrade of the classic Innova. The MPV comes in diesel and petrol variants and has around 18 versions of between them. Additionally, the Innova Crysta has a diesel Touring Sport model as well.

    Toyota Innova Crysta Specifications
    Estimated Price (Ex-showroom) Petrol: Rs.14.34 lakh Diesel: Rs.15.51 lakh
    Maximum power output 163.7bhp@5200rpm 147.8bhp@3400rpm
    Maximum torque 245Nm@4000rpm 343Nm@1400-2800rpm
    Transmission 5-speed manual transmission
    Engine Type 2.7-litre 163.7bhp 16V 2-TR-FE Dual VVT-i Engine 2.4-litre 147bhp 16V GD Engine
    Mileage 11.25kmpl 13.68kmpl

    2. Mahindra Xylo

    The Xylo is perhaps one of Mahindra’s most efficient models. It meets all the certified emission standards and comes with two types of diesel engines. It is one of the high-end diesel MUVs available in the market at the moment.

    Mahindra Xylo Specifications
    Estimated Price (Ex-showroom) Rs. 9.17 - 12.0 lakh
    Maximum power output 93.7bhp@3600rpm
    Maximum torque 218Nm@1400-2600rpm
    Transmission 5-speed manual transmission
    Engine Type 2.5-litre 93.7bhp 8V mDI CRDe Diesel Engine
    Mileage 14.95 kmpl
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    3. Honda BR-V

    The BR-V comes in 4 petrol and 4 diesel variants. The petrol variant comes with a CVT option as well. Some other features of the BR-V include automatic climate control, steer-mounted audio controls, dual front seat airbags rear parking sensor equipped with a camera and engine immobilizer.

    Honda BR-V Specifications
    Estimated Price (Ex-showroom) Petrol: Rs.11.4 lakh Diesel: Rs.11.49 lakh
    Maximum power output 117.3bhp@6600rpm 98.6bhp@3600rpm
    Maximum torque 145Nm@4600rpm 200Nm@1750rpm
    Transmission 6-speed manual transmission
    Engine Type 1.5-litre 117.3bhp 16V i-VTEC Petrol Engine 1.5-litre 98.6bhp 16V i DTEC Diesel Engine
    Mileage 15.4kmpl 21.9kmpl

    4. Renault Lodgy

    The Lodgy comes in 10 diesel variants and the more powerful engines come with a 6-speed automatic transmission. Some other features of the Lodgy include a 7-inch touchscreen infotainment system, roof-mounted AC vents, rear parking sensors with camera, and dual airbags.

    Renault Lodgy Specifications
    Estimated Price (Ex-showroom) Rs.8.33 - 11.82 lakh
    Maximum power output 83.8bhp@3750rpm
    Maximum torque 200Nm@1900rpm
    Transmission 5-speed manual transmission
    Engine Type 1.5-litre 83.8bhp 16V dCI Engine
    Mileage 21.04 kmpl

    5. Mahindra Bolero

    The Bolero is perhaps one of the most affordable models in this category. In 2016, newer versions of the Bolero were launched and have several upgrades in appearance when compared to the previous model. The new Bolero has a more sporty in appearance but retains the sturdiness for which it has always been known.

    Mahindra Bolero Specifications
    Estimated Price (Ex-showroom) Rs. 6.86 - 8.98 lakh
    Maximum power output 70bhp@3600rpm
    Maximum torque 195Nm@1400-2200rpm
    Transmission 5-speed manual transmission
    Engine Type 1.5-litre 70bhp 16V mHAWK D70 Diesel Engine
    Mileage 16.5 kmpl

    Car loan for 8-seater cars in India

    Banks, NBFCs and other lending institutions offer new and used car loans to individuals with a good credit score and a steady income. First, pick out a car of your choice, then compare various car loan offers online through a reliable third-party comparison portal. Choose a car loan with the lowest interest rate and flexible repayment options. Before applying for a car loan, check your car loan eligibility criteria. Applicants must be 21 to 65 years of age and meet the minimum income requirements set by the bank.

    How to obtain a Car Loan?

    You can apply for a car loan online through the bank website, just download the application form, fill it up, and submit it along with the necessary documents such as identity proof, age proof, income proof, and address proof. The bank will verify the documents and process the application. Upon approval, the car loan amount will be disbursed to your bank account instantly. You can use the free online car loan EMI calculator to find out how much your car loan will cost you monthly. Depending on the results, you can choose a loan tenure that is suitable to you. Just ensure that your debt-to-income ratio is low so as to avoid defaulting on your car loan. Your car loan EMI payments should not exceed more than 50% of your salary.

    Processing Fee Vs Prepayment Fee

    Banks will charge a processing fee at the time of loan disbursal. This is a small percentage of the principal loan amount that will be deducted from your car loan. Some banks may waive off the processing fee for special occasions or existing customers. Banks also charge a penalty fee for prepayment or preclosure of your car loan. This again is a percentage of your loan amount. After about 12 EMI payments, banks will allow you to prepay a part or whole of the loan amount before reaching the end of the tenure.

    What is Car Loan Foreclosure?

    You can make a high down payment to reduce the cost of your car loan. Until the car loan is paid fully, the car is mortgaged in favour of the financier. Banks will repossess the car if you skip or miss out on making EMI payments. The repossessed car will be put up for auction to compensate for the outstanding dues. This process is called car loan foreclosure. The bank will advertise the auction details and if you have the funds to bid for your car, you can do so.

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