13 lakh loan on 16 lakh Maruti e Vitara, how will EMI be calculated? find out
- Good demand for Maruti Suzuki’s electric cars in India
- How much EMI to pay for Maruti e Vitara loan?
- Know the finance plan
Electric cars in India are consistently receiving good response from consumers. Keeping this in mind, many auto companies have offered powerful electric cars in the market. The leading auto company of the country ie Maruti Suzuki has also launched its first electric car in India. This car is Maruti E Vitara.
Maruti Suzuki’s all-electric E-Vitara SUV has a starting ex-showroom price of Rs 15.99 lakh. The company has launched this car in three variants: Delta, Zeta and Alpha. The top variant is priced up to Rs 19.79 lakh.
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The company has launched this electric car in two battery pack options: 49 kW and 61 kW. The car offers a range of up to 440 km with the 49 KW battery and 543 km with the 61 KW battery. If you are planning to buy the base variant, Delta, then let’s find out how much EMI you will have to pay for this variant.
How much will be the EMI?
If you take a loan of Rs 13 lakh with a down payment of Rs 3 lakh to buy the base variant Delta (₹16 lakh) of Maruti Suzuki e Vitara, how much will be your monthly EMI? Let us know about it.
Note: Down payment, insurance, RTO and other charges have to be paid separately by you.
If a loan of Rs.13 lakh is taken at 8% interest rate
- EMI for 3 years: ₹40,737
- EMI for 4 years: ₹31,737
- EMI for 5 years: ₹26,359
- EMI for 6 years: ₹22,793
- EMI for 7 years: ₹20,262
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If a loan of Rs.13 lakh is taken at 8.5% interest rate
- EMI for 3 years: ₹41,038
- EMI for 4 years: ₹32,043
- EMI for 5 years: ₹26,671
- EMI for 6 years: ₹23,112
- EMI for 7 years: ₹20,587
As the interest rate and loan tenure increase, the total repayment amount increases, so it is important to choose the right option according to your budget before taking the loan.
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