Kia Seltos is one of the most popular compact SUVs in India. It can comfortably seat 5 people. It is known for its attractive design and modern features. In such a situation, if you are also thinking of buying a new car, then Kia Seltos can be a great option. Let’s know the financial plan to buy this car.
Kia Seltos On-Road Price
The ex-showroom price of Kia Seltos in Delhi starts from Rs 11.12 lakh. At the same time, its on-road price in Delhi is Rs 12.74 lakh. In such a situation, let us know how much EMI will have to be paid if you buy its base variant with a loan in Delhi.
Kia Seltos EMI and Loan Calculation
If you buy the base variant of Kia Seltos in New Delhi on a down payment of one lakh, then you will have to take a loan of Rs 11.74 lakh from the bank for this. If you take this loan for three years, then you will have to pay EMI of about 37 thousand rupees every month.
If you get this loan at an interest rate of 8.8 percent, then you will have to pay a total interest rate of 1.66 lakhs to the bank in 3 years. Along with this, the loan amount will also have to be paid separately. If you want your interest rate amount to be less, then you will have to make a higher down payment.
Keep in mind that the loan and interest rate depend on your credit score. We suggest that you consider buying this car only when your monthly income is up to or around 1 lakh. However, those with less salary can also buy it according to their budget.
Also, EMI and loan amounts may vary from city to city and bank to bank. In such a situation, before buying this car on loan, you must contact the official bank or finance company.
Features of Kia Seltos
For safety, all its variants get 6 airbags, ABS with EBD, Hill Start Assist, Vehicle Stability Control, Tire Pressure Monitoring System (TPMS) and All Wheel Disc Brakes. The higher spec variants also get Level 2 ADAS safety suite. This car is capable of giving mileage ranging from 17 to 19.1 kmpl depending on the variant.