New Delhi. The market of electric vehicles is growing rapidly in the country. Now most of the people are giving preference to electric vehicles instead of petrol-diesel cars. Troubled by the rising prices of petrol and diesel, people are considering electric cars as a better option. In view of this increasing demand, car companies are introducing electric vehicles in every segment, and more electric vehicles are going to come in the market in the coming time. Buying a car has now become easier due to finance facilities. If you are planning to buy a new electric car, then Creta Electric can be a good option. Let us tell you its finance details, how much installment will you have to pay every month if you buy this car by making a down payment of Rs 2 lakh.
price of creta electric
Creta Electric is available in many variants across the country, whose prices and features are different. More features are available in higher variants. Its ex-showroom price in New Delhi starts from Rs 18.02 lakh to Rs 24.55 lakh. In this article we will tell you the finance details of the base model Executive of Creta Electric.
Ex-showroom price of base variant Executive
The ex-showroom price of the base variant Executive of Creta is Rs 18,02,200. After adding Rs 14,080 road tax (RTO), Rs 98,100 insurance, and Rs 18,822 other expenses, the on-road price of the car will be Rs 19,33,202. After making a down payment of Rs 2 lakh, you will have to take a loan of the remaining Rs 17,33,202 from the bank.
EMI information
If a loan of Rs 17,33,202 is taken from the bank at 10 percent interest rate for seven years, then the installment of Rs 28,773 will be made every month. In this way, in five years you will pay a total of Rs 6,83,747 as interest to the bank and the total price of the car will be Rs 26,16,949. If you want, you can increase the amount of down payment, which will reduce the monthly installment. If you repay the loan early, you will have to pay less interest. You can also increase or decrease the time for paying interest, which will make a difference in your monthly installment.