Bring home the base variant of Kia Seltos by paying only Rs 2 lakh, know how much the EMI will be.

auto news desk,Kia sells vehicles in the SUV segment in the Indian market. If you are also planning to buy the HTE O variant of the company's SUV Kia Seltos and want to bring the car home after making a down payment of Rs 2 lakh, then how much EMI will you have to pay every month? We are giving you this information in this news.

Kia Seltos HTE O Price
HTE O is offered by Kia as the base variant of Seltos. The ex-showroom (Kia Seltos HTE O Price) price of the base variant of this vehicle is Rs 11.13 lakh. If this car is purchased in Delhi, then about Rs 1.19 lakh will have to be paid for RTO and about Rs 54 thousand for insurance. Along with this, for the SUV, you will have to pay Rs 11129 as TCS charge, Rs 500 for Fastag and Rs 150 for other charges. After which the Kia Seltos HTE O on road price becomes around Rs 12.99 lakh.

How much EMI after 2 lakh down payment
If you buy the base variant HTE O of this vehicle, then the financing will be done by the bank at the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to finance around Rs 10.99 lakh from the bank. If the bank gives you Rs 10.99 lakh for seven years with 9 percent interest, then you will have to pay EMI of Rs 17682 every month for the next seven years. If you take a car loan of Rs 10.99 lakh from a bank for seven years with an interest rate of 9 percent, then you will have to pay EMI of Rs 17682 every month for seven years. In such a situation, you will pay around Rs 3.86 lakh as interest for Kia Seltos HTE O in seven years. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 16.85 lakh.

Who is there to compete with?
Kia offers Seltos HTE O as a mid-size SUV. From the company side, this vehicle competes directly in the market with the best SUVs like Mahindra XUV 700, Tata Harrier, MG Hector, Maruti Grand Vitara, Hyundai Creta.