Citroen Aircross Base Variant EMI— France’s leading automobile manufacturer Citroën is gaining a strong hold in the mid-size SUV segment of the Indian automobile market. If you are currently thinking of buying a luxurious and spacious car for your family, then Citroen Aircross can prove to be a great option. Keeping in mind the budget of the customers, the company is also offering many attractive finance plans on this vehicle. If you want to buy the base variant (You 5-Seater) of this SUV, then you can bring it to your home by making a down payment of just Rs 2 lakh. Let us know how much EMI you will have to pay every month for the next 7 years in this situation.

Citroen Aircross Base Variant EMI: Bring home this SUV with a down payment of just Rs 2 lakh, know how much will be the monthly installment for 7 years

Citroen Aircross Base Variant: What is the on-road price in Delhi?

The base variant (You 5-Seat MT) of Citroen Aircross, which comes in a pocket-friendly budget, has an ex-showroom price of Rs 8.89 lakh in the country’s capital Delhi. When you’re ready to take this vehicle on the road, there are a number of other expenses added to it. For this vehicle in Delhi, approximately Rs 62,000 has to be paid as registration (RTO) fee and approximately Rs 45,000 has to be paid for insurance. After adding all these mandatory taxes and local charges, the total on-road price of this base variant reaches Rs 9.97 lakh.

7 years of math: How much EMI will come after down payment of ₹ 2 lakh

If you do not want to pay the entire amount at once and want to finance the car by making a down payment of ₹2,00,000, then the exact calculation of the loan amount and monthly installment to be taken from the bank is given below:

• Total on-road price: ₹9,97,000 (as per Delhi)
• Down payment: ₹2,00,000
• Total Loan Amount: ₹7,97,000
• Loan Tenure: 7 Years (84 Months)
• Estimated interest rate: 9% to 9.5% (depending on bank rules and your CIBIL score)
• Monthly Installment (EMI): If the interest rate is assumed to be 9%, you will have to pay EMI of approximately ₹ 12,870 every month for the next 7 years.

Impact on common man’s pocket and things to keep in mind

Monthly installment of Rs 12 to 13 thousand is considered a very safe and balanced budget for middle class families. However, before signing the loan agreement, it is important to keep in mind that there may be a slight difference in the interest rates of different banks. If your CIBIL score is 750 or more, you can get a car loan at very low interest rates from leading government or private banks. Additionally, you can also save another few thousand rupees on the on-road price through summer discounts or special offers running at the showroom. Before booking the car, visit your nearest Citroen dealership and check the final quotation.