5 Cars in Nepal to Offer Less than Rs 30,000 EMI
You think about buying a car and there is always a process of understanding the auto loan services. The process, essentially required, can be a little tedious at times. Skip a step of knowing the lowest EMI offers during your journey to buy a car with our list below.
The Nissan Magnite was recently launched in Nepal. The SUV has been successful to create a buzz in the country due to its affordable price offering. It is available in the Nepalese market with an introductory price of Rs 29.49 Lakh.
The auto loan service from Nabil Bank for the Nissan Magnite (XE Base) offers a 7.99% of interest rate for 5 years while making a 50% down payment on the total amount. The monthly EMI amount of the car is fixed at Rs 29,900.
The Magnite comes with a 1.0-liter turbo petrol engine that generates 98.63 bhp and 160 Nm of torque and a 1.0-liter naturally aspirated petrol unit that produces 71.02 bhp and 96 Nm of torque.
Color options: Black-Red, Red, Black-White, Brown, Blue-White, Silver, Black, and White.
In October 2020, the Datsun Redi-Go was launched in Nepal with major updates and a BS6 engine. The Redi-Go received cosmetic upgrades for the first time and only one variant made its way to Nepal: top-spec, T Option. It holds a price tag of Rs 23.99 Lakh in the Nepalese market.
Regarding the auto loan service for Datsun Redi-Go, Standard Chartered Bank offers a 7.25% interest rate for 6 years while making a 50% down payment on the total amount. The monthly EMI for Redi-Go is fixed at Rs 19,521. Pioneer Motocorp, the authorized distributor of Datsun vehicles in Nepal, has also arranged Rs 1.25 Lakh of cash discount on the vehicle.
The Redi-Go comes equipped with a 1.0-liter engine option that generates 68 PS and 91 Nm of torque. The engine is mated to a 5-speed manual gearbox only.
Color options: Vivid Blue, Fire Red, Blade Silver, Sandstone Brown, and Opal White.
The Renault Kwid received a fresh update for 2020 and was made available in 3 variants: RXT (O), Climber RXT (O), and RXT (O) AMT on Rs 24.99 Lakhs, Rs 25.99 Lakh, and Rs 26.49 Lakh, respectively.
The lowest auto loan service of the Kwid is offered by Standard Chartered Bank with a 7.29% of interest rate for 6 years. The customers are required to make a 50% down payment from the total amount. The range-topping RXT (O) AMT has a monthly EMI fixed at Rs 22,766. Advanced Automobiles Private Limited, the official distributor for Renault vehicles in Nepal, has also offered Rs 75,000 cash discount on the vehicle.
The Kwid is offered with a 1.0-liter, BS6 compliant engine that generates 67 bhp and 91 Nm of torque. The engine is mated to a 5-Speed MT or an AMT.
Color options: Zanskar Blue, Fiery Red, Ice Cool White. Moonlight Silver, Outback Bronze, and Electric Blue.
Maruti Suzuki S-presso
The Maruti Suzuki Spresso, My First SUV from Suzuki, is basically recognized as a mini SUV from the company. The S-presso has design tweaks and the vibe of an SUV, but the not-so-roomy cabin and the lack of alloy wheel (even in the top variant) among others, say otherwise. The price of the base variant Spresso is Rs 23.49 Lakh in the Nepalese market.
The Standard Chartered Bank offers the best auto loan for the S-presso. The interest rate is set for 7.5% for 7 years on making the 50% down payment on the total amount of the car. The monthly EMI of the S-presso is set for Rs 17,248.
The S-presso comes with a 1.0-liter, three-cylinder petrol engine which generates 68hp and 90Nm of torque, well that explains the tag ‘mini SUV’. The engine is mated to a 5-speed manual transmission.
Color options: Superior White, Solid Fire Red, Metallic Granite Grey, Metallic Silky Silver, Solid Sizzle Orange and Pearl Starry Blue.