Top 5 Seater SUVs

Top 5 Seater SUVs: Affordable Options at Just Rs. 12,157/Month – EMI Deals

If you’re in the market for a value-packed, high-performing compact SUV, the recently launched Nissan Magnite in India is worth your consideration. Designed to meet the surging demand for budget-friendly yet stylish SUVs in the Indian market, the Magnite, starting with its base model XE EMI, goes head-to-head with competitors such as the Tata Punch, Renault Kiger, and Hyundai Exter.

The Nissan Magnite is offered in four distinct variants: XE, XL, XV, and XV Premium. Starting at an attractive price of Rs. 5.99 lakh (ex-showroom) in Delhi, the base variant XE provides an affordable entry point. Meanwhile, the top-of-the-line XV Premium (O) Turbo CVT, which comes with a host of premium features, is priced at Rs. 11.02 lakh (ex-showroom) in Delhi.

Under the hood, the Magnite offers two engine choices. The first is a 1.0-litre naturally aspirated petrol engine, capable of delivering 71 bhp and 96 Nm of torque. The second option is a more powerful 1.0-litre turbocharged petrol engine, generating 99 bhp and 160 Nm of torque (152 Nm for CVT). Buyers can select between a 5-speed manual transmission or a CVT automatic transmission to suit their preferences and driving style.

Top 5 Seater SUVs
Top 5 Seater SUVs

Magnite base model XE EMI

For those considering the purchase of the base model XE of the new Magnite in Delhi, it’s essential to have access to crucial financial details such as EMI, downpayment, interest rate, ex-showroom price, and on-road price. To facilitate your decision-making process, we have compiled a table presenting these specifics across various loan tenures and interest rates. This table serves as a valuable resource to assist you in mapping out your budget and exploring different financing alternatives.

Loan TenureInterest RateEMIDownpaymentEx-Showroom PriceOn-Road Price
5 years8%Rs. 12,157Rs. 1.34 lakhRs. 5.99 lakhRs. 6.72 lakh
5 years9%Rs. 12,440Rs. 1.34 lakhRs. 5.99 lakhRs. 6.72 lakh
5 years10%Rs. 12,727Rs. 1.34 lakhRs. 5.99 lakhRs. 6.72 lakh
7 years8%Rs. 9,413Rs. 1.34 lakhRs. 5.99 lakhRs. 6.72 lakh
7 years9%Rs. 9,732Rs. 1.34 lakhRs. 5.99 lakhRs. 6.72 lakh
7 years10%Rs. 10,058Rs. 1.34 lakhRs. 5.99 lakhRs. 6.72 lakh

As depicted in the table, the EMI amount varies based on your chosen loan tenure and interest rate. Opting for a longer loan tenure results in a lower monthly EMI but entails higher overall interest payments over the loan’s duration. Conversely, a higher interest rate leads to a higher EMI and greater total interest costs throughout the loan term.

The downpayment is computed as 20% of the car’s on-road price, which encompasses the ex-showroom price, RTO charges, insurance expenses, and additional fees such as handling and accessory charges. In the case of the Magnite base model XE in Delhi, the on-road price totals Rs. 6.72 lakh. Consequently, the downpayment required amounts to Rs. 1.34 lakh.

The ex-showroom price of the Magnite base model XE in Delhi stands at Rs. 5.99 lakh, representing the vehicle’s cost before the inclusion of taxes or additional charges. This is the price typically advertised by Nissan and its authorized dealers.

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