Renault Kwid Base Variant: Buy with ₹1 Lakh Down Payment, EMI Starts at ₹5,954 per Month

Renault offers the Renault Kwid in the hatchback segment in the Indian market. This car is offered with a petrol engine. If you're looking to buy the base variant with a petrol engine, what EMI can you expect after making a down payment of ₹100,000? 

Renault offers the Renault Kwid as a hatchback car. The RXE is available for sale as its base variant. The ex-showroom price of this car (Renault Kwid Price) of the base variant is ₹4.30 lakh. If this car is purchased in Delhi, you will have to pay approximately ₹17,000 for RTO and approximately ₹23,000 for insurance. After which, the on-road price of the Renault Kwid becomes approximately ₹4.70 lakh.

If you purchase the base variant of this car, the bank will finance the ex-showroom price only. In such a case, after making a down payment of ₹1 lakh, you will have to finance approximately ₹3.70 lakh from the bank. If you are given ₹3.70 lakh for seven years with 9% interest from the bank, then you will have to pay an EMI of ₹5954 per month for the next seven years.