Kia produces SUVs in India. Now let us assume that you want the base model of the compact SUV, Kia Sonet, and will pay ₹2 lakh as the down payment. Here are the details regarding the monthly EMI in such case.

The base trim of the Sonet produced by Kia is HTE. The showroom cost of the HTE is ₹7.33 lakh. In Delhi, RTO fees are approximately ₹51,000, and the amount required for the insurance is ₹40,000. Therefore, the on-road cost of the Kia Sonet HTE is approximately ₹8.25 lakh.

Thus, the bank will provide loan for the showroom price, if you choose the base HTE model. After paying ₹2 lakh as the down payment, you will get loan for ₹6.25 lakh from the bank. At 9% rate of interest for 7 years, the monthly EMI will be ₹10,049 for seven years.

If you take a car loan of ₹6.25 lakh from the bank for seven years at an interest rate of 9%, you will have to pay a monthly EMI of ₹10,049 for the entire seven-year tenure. In this scenario, you would pay approximately ₹2.19 lakh in interest over seven years for the Kia Sonet HTE. Consequently, the total cost of the car-combining the ex-showroom price, on-road costs, and interest-would come to around ₹10.44 lakh.

Kia offers the Sonet HTE as a compact SUV. In the market, it competes directly with top-tier SUVs such as the Mahindra XUV 3XO, Tata Punch, Maruti Brezza, and Hyundai Venue.

Kia produces SUVs in India. Now let us assume that you want the base model of the compact SUV, Kia Sonet, and will pay ₹2 lakh as the down payment. Here are the details regarding the monthly EMI in such case.

The base trim of the Sonet produced by Kia is HTE. The showroom cost of the HTE is ₹7.33 lakh. In Delhi, RTO fees are approximately ₹51,000, and the amount required for the insurance is ₹40,000. Therefore, the on-road cost of the Kia Sonet HTE is approximately ₹8.25 lakh.

Thus, the bank will provide loan for the showroom price, if you choose the base HTE model. After paying ₹2 lakh as the down payment, you will get loan for ₹6.25 lakh from the bank. At 9% rate of interest for 7 years, the monthly EMI will be ₹10,049 for seven years.

If you take a car loan of ₹6.25 lakh from the bank for seven years at an interest rate of 9%, you will have to pay a monthly EMI of ₹10,049 for the entire seven-year tenure. In this scenario, you would pay approximately ₹2.19 lakh in interest over seven years for the Kia Sonet HTE. Consequently, the total cost of the car-combining the ex-showroom price, on-road costs, and interest-would come to around ₹10.44 lakh.

Kia offers the Sonet HTE as a compact SUV. In the market, it competes directly with top-tier SUVs such as the Mahindra XUV 3XO, Tata Punch, Maruti Brezza, and Hyundai Venue.