Planning to Buy a Kia Sonet? Check ₹2 Lakh Down Payment, ₹10,049 EMI & Total Ownership Cost
Automaker Kia offers several excellent SUVs in the Indian market. If you are considering purchasing the base variant of the Kia Sonet SUV, let’s find out what the monthly EMI would be after making a down payment of ₹2 lakh.
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.