car news desk, Buying a car is everyone’s dream. But many times due to low budget or fear of high EMI, people refrain from fulfilling their dreams. But now this will not happen. Your dream of owning a car will also be fulfilled easily. For this, we are going to tell you the finance scheme available on the most popular car of the country and the minimum downpayment as well as the nominal EMI. If we look at the car sales figures for January, Alto was one of the 10 best selling cars. Alto K10 sold 21411 units.
Now first talk about the features and specifications of the car, then it comes with 1.0 liter dual jet VVT engine of K series. The car is also equipped with many safety features. It gets front twin airbags as a standard feature. Along with this, you will also get reverse parking sensors along with ABS, EBD and anti lock braking system. The starting price of the car starts from Rs.3.99 lakhs. Whereas its top variant comes for Rs 5.84 lakh. The company offers a total of 6 variants of it.
how much is the interest rate
If we talk about car loan from State Bank of India, then it is available at an interest rate of 7.35 percent to 8.05 percent. However, the rate of interest of each bank and NBFC varies. The loan is given for a maximum period of 7 years. So let’s know if you take a loan by making a downpayment of 20 percent of the cost, then how much interest you will have to pay and how much EMI will come to you.