The Alto K10 was the top selling car in January. This is the premium variant of Alto which has been ruling the automobile market for a long time. You can easily take it on installments.
New Delhi. 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.
What is the interest rate
If we talk about car loan from State Bank of India, then it is available at the 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.
Alto K10 Standard
Price: Rs 3.99 Lakh
Downpayment: 20% ie Rs 79800
Loan amount: Rs 319200
EMI for 7 years: Rs 4975
Total interest paid: Rs 98710
Alto K10 LXI
Price: Rs 4.82 Lakh
Downpayment: Rs 96400
Loan: Rs 385600
EMI: Rs 6010
Interest: Rs 119244
Alto K10 VXI
Price: Rs 4.99 Lakh
Downpayment: 99900
Loan: 399600
EMI: Rs 6228
Interest: Rs 123573
Alto K10 VXI
Price: Rs 5.33 Lakh
Downpayment: Rs 106700
Loan: Rs 426800
EMI: Rs 6652
Interest: Rs 131984
Alto VXI AMT
Price Rs 5.49 Lakh
Downpayment: Rs 10900
Loan: Rs 439600
EMI: Rs 6852
Interest: Rs 135943
Alto K10 VXI Plus AMT
Price: Rs 5.83 Lakh
Downpayment: Rs 116700
Loan: Rs 466800
EMI: Rs 7276
Interest: Rs 144354
