The Renault Kwid is available for sale in the hatchback segment by automaker Renault. If you're considering buying the automatic variant of this car, how much EMI can you pay after paying a down payment of ₹1 lakh? We're telling you in this news.
The Renault Kwid is offered as a hatchback car by Renault. Its automatic variant, the Evolution, is available for sale. The automatic variant of this car has an ex-showroom price of ₹4.99 lakh (Renault Kwid Price). If this car is purchased in Delhi, you will have to pay around ₹20,000 for RTO and ₹25,000 for insurance. This brings the Renault Kwid's on-road price to around ₹5.45 lakh.
If you purchase the base variant of this car, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹1 lakh, you will have to finance around ₹4.45 lakh from the bank. If the bank gives you ₹4.45 lakh for seven years at 9% interest, you will have to pay an EMI of ₹7,165 per month for the next seven years.
If you take a car loan from the bank for ₹4.45 lakh for seven years at 9% interest, you will have to pay an EMI of ₹7,165 per month for seven years. In this case, you'll pay approximately ₹1.56 lakh in interest over seven years for the Renault Kwid. This brings the total cost of the car, including ex-showroom, on-road, and interest, to approximately ₹7.01 lakh.
The Kwid is offered by Renault as a hatchback. It competes directly with the likes of the Maruti Alto K10, Maruti Celerio, Maruti S-Presso, and Maruti Wagon R.