Nissan Magnite XE And Magnite XL Loan EMI DownPayment Options: The Nissan Magnite is a great option for those looking to buy an affordable SUV in India this festive season. Equipped with powerful look and many special features, Nissan Magnite also sells well. If you are also planning to buy Nissan Magnite these days and want to finance it instead of paying full money all at once, then you have a good chance, because you can buy the base model Nissan Magnite XE and the later Magnite XL variant for just one lakh rupees. You can bring it home by making a down payment. After this, how much car loan will be available on Nissan Magnite, how much will be the EMI and how much loan will be available at what interest rate, today we are going to tell you all these details.
Price starts from just 5.97 lakhs
The Nissan Magnite is offered in a total of 26 variants across 6 trim levels namely XE, XL, XV Executive, XV, XV Premium and XV, with prices ranging from Rs 5.97 lakh to Rs 10.79 lakh (ex-showroom). The SUV is offered with a petrol engine only, which is mated to both manual and automatic transmission options. Equipped with many features, this 5 seater SUV has a mileage of up to 20 kmpl. Let us now talk about Nissan Magnite Finance.
Nissan Magnite XE Car Loan EMI Downpayment Details
The base model of the Nissan Magnite SUV, the Magnite XE, is priced at Rs 5.97 Lakh, ex-showroom, and Rs 6,65,642 on-road. You can finance this SUV by simply making a down payment of Rs 1 lakh (processing fee plus on road charges and first month installment). After this, according to the Car Dekho EMI calculator, you will get a loan of Rs 5,65,642. If you get a loan at 9% interest rate for 5 years, then for the next 5 years you will have to pay Rs 11,742 as EMI every month. On financing the Nissan Magnite XE variant, you will get an interest of about Rs 1.39 lakh as per the upper terms.
Nissan Magnite XL Car Loan EMI Downpayment Details
The second cheapest model of Nissan Magnite, Magnite XL, has an ex-showroom price of Rs 6.86 lakh and an on-road price of Rs 7,81,407. If you finance the Nissan Magnite XL variant by making a downpayment of Rs 1 lakh (processing fee plus on-road charges and first month installment), then as per CarDekho EMI calculator you will get 6,81,407 at 9% interest rate for 5 years. You will get loan of Rs. After this, you will have to pay Rs 14,145 as installment every month for the next 5 years. On financing the Nissan Magnite XL variant, you will get interest of about Rs 1.68 lakh.
Disclaimer- Before buying both these variants of Nissan Magnite SUV, you must check car loan and EMI details by visiting nearest Nissan showroom. There you may find some difference.