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Kia Sonet EMI Calculator: Monthly Payment with ₹1 Lakh Down Payment
Car Finance Plan: Kia, the automaker, also offers the Kia Sonet SUV with an automatic transmission in the Indian market. If you're considering purchasing it, how much EMI can you pay after paying ₹100,000? Let's find out.
=Kia Motors offers SUVs in India. If you want to know how much EMI will be for the automatic version of the compact SUV Kia Sonet, and want to bring home the car after making a down payment of ₹100,000, how much EMI will you have to pay each month?
Kia Motors offers the HTK (O) as the automatic version of the Kia Sonet. The ex-showroom price for this automatic version is ₹9.89 lakh. If you buy this car in Delhi, you will have to pay approximately ₹70,000 for RTO charges and approximately ₹43,000 for insurance. Thus, the on-road price for this car will be approximately ₹11.01 lakh.
If you purchase the automatic HTK (O) variant of this car, the bank will finance the ex-showroom price. Therefore, after making a down payment of ₹1 lakh, you will have to finance approximately ₹10.01 lakh from the bank. If you are given ₹10.01 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹16,118 per month for the next seven years.
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If you take a car loan from the bank for ₹10.01 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹16,118 per month for seven years. In this case, you'll pay approximately ₹3.52 lakh in interest over seven years for the Kia Sonet. After this, the total cost of your car, including ex-showroom, on-road, and interest, will be approximately ₹14.53 lakh.
The manufacturer offers the Sonet as a compact SUV from Kia. This car competes directly with the likes of the Mahindra XUV 3XO, Tata Punch, Maruti Brezza, and Hyundai Venue.
