Renault Duster Automatic EMI Calculator— In the mid-size SUV segment, the on-road price of Renault Duster automatic variant Evolution 1.3 Turbo DCT when purchased in Delhi is Rs 16.74 lakh. If customers make a down payment of Rs 2 lakh, the monthly installment (EMI) for a tenure of 5 years at 9 percent interest rate will be around Rs 30,598.

Renault Duster Automatic EMI Calculator: How much will be the monthly installment after down payment of Rs 2 lakh

Breakup of Renault Duster Evolution Automatic on-road price in Delhi

The ex-showroom price of the automatic variant ‘Evolution’ of Renault Duster is Rs 14.49 lakh. After adding Delhi registration (RTO) charges of Rs 1.45 lakh, vehicle insurance of around Rs 66,000 and TCS tax of Rs 14,000, the total on-road price of the vehicle comes to Rs 16,74,000.

• Ex-showroom price: ₹14,49,000
• Registration Tax (RTO): ₹1,45,000
• Vehicle Insurance: ₹66,000
• TCS Charge: ₹14,000
• Total On-Road Price (Delhi): ₹16,74,000

5 year and 7 year loan math on 2 lakh down payment

After deducting the down payment of Rs 2 lakh from the on-road price of Rs 16.74 lakh, the total loan amount comes to Rs 14.74 lakh.

If a loan is taken from the bank for 5 years (60 months) at an annual interest rate of 9%, then an EMI of Rs 30,598 will have to be paid every month. During this period, the total interest payable in 5 years will be Rs 3,61,880.

Whereas, if the loan tenure is increased to 7 years (84 months), then the monthly installment will reduce to Rs 23,700. However, the total interest payment over a period of 7 years will increase to approximately Rs 5,16,800.

official statement

“In the automatic mid-size SUV segment, customers in the budget of Rs 15 to Rs 17 lakh are preferring turbo-petrol variants. On-road funding from banks and flexible repayment plans up to 84 months reduce the down payment burden for buyers.”

impact on residents

It is essential to compare the interest rates and processing fees from different nationalized and private banks before purchasing a vehicle. Banks offer finance options at lower interest rates if the credit score is more than 750. Additionally, RTO charges and insurance premium may vary from state to state and union territory.