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New Delhi. Nowadays the price of vehicles has increased a lot. If you want even a cheap car, then you will have to keep a minimum amount of 5-6 lakh rupees for it. In such a situation, many people plan to buy a car but are unable to buy it due to low budget. Here we are going to tell you about a car whose EMI will be less than that of a 1BHK flat. That means you can easily afford this car and your dream of buying a car will be fulfilled.
The car we are talking about here is Renault Kwid. The price of this car starts from Rs 4.70 lakh. Let us know how much EMI will be if you buy the base model of this car Kwid 1.0 RXE on loan.
How are the features of Kwid
Before knowing about the EMI and loan of Renault Kwid RXE, let us tell you about the features of this car. Renault Kwid is an entry level hatchback of the French car manufacturer. This car comes in a 1.0 liter petrol engine. This engine generates maximum power of 67.06 bhp and peak torque of 91Nm. It has the option of both manual and automatic gearbox. At the same time, it gives a mileage of 21-22 kilometers per liter. The company does not offer CNG with this car.
Renault Kwid has been provided with all the necessary safety features as per Indian standards. It has features like electronic stability control, traction control system, tyre pressure monitoring system, dual front airbags.
This will be the monthly EMI
The on-road price of Renault Kwid RXE in Delhi is around Rs 5.25 lakh. If you make a down payment of Rs 1 lakh for this, then you will have to take a loan of Rs 4.25 lakh. If the bank charges you an interest rate of 9.8%, then your EMI on a 5-year car loan will be Rs 9,001. In a city like Delhi-NCR, a 1 BHK flat is available on rent for more than this. That means you can become a car owner by paying Rs 9,000 every month.
Tag: auto news, Car Bike News, car loan
first published : June 14, 2024, 4:30 pm IST
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