Renault Kwid EMI starts at ₹5,954 with ₹1 lakh down payment: full cost breakdown

The Renault Kwid is available for sale in the hatchback segment from automaker Renault. If you are planning to purchase this car from the manufacturer, how much can you pay as an EMI after investing ₹100,000?

The Renault Kwid is a hatchback car. The base variant of the Renault Kwid is called the RXE. The ex-showroom price of the base variant is ₹4.30 lakh. If you purchase the car in Delhi, you will have to pay ₹17,000 as RTO charges. You will also have to pay ₹23,000 as insurance. Therefore, the on-road price of the Renault Kwid comes out to be ₹4.70 lakh.

If you buy the base variant of this car, the bank will finance it at the ex-showroom price. In such a case, after making a down payment of ₹1 lakh, you will have to finance around ₹3.70 lakh from the bank. If you are given ₹3.70 lakh for seven years at 9% interest, then you will have to pay an EMI of ₹5,954 per month for the next seven years.

If you take a car loan of ₹3.70 lakh from the bank for seven years at 9% interest, then you will have to pay an EMI of ₹5,954 per month for seven years. In this case, you'll pay approximately ₹1.30 lakh in interest over seven years for the Renault Kwid. After this, the total cost of your car, including ex-showroom, on-road, and interest, will be approximately ₹6 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.