Know Citroën C3 EMI loan on Rs 60,000 down payment: Details explained

Citroën recently launched its second product in the Indian market in the form of the crossover-styled C3, which the company says is a “sedan with a twist”. The Tata Punch and Maruti Suzuki Ignis competitor is currently available with a 1.2-litre NA petrol engine (82hp/115Nm), as well as a turbocharged version of the same engine (110hp/190Nm).
Are you planning to buy the Citroen C3 and you wonder how much EMI would you have to pay? Here is a table showing the price of sedan on road (Delhi) by variant, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a down payment
Variant On-road prices
Interest rate
Mandate Advance payment NDE
1.2 liter NA petrol MT
Live Rs6,27,070 9.8% 5 years 60,000 rupees 11,993 rupees
Feel Rs 7,46,011 9.8% 5 years 75,000 rupees 14,191 rupees
1.2 liter turbo petrol MT
Feel Rs 9,04,339 9.8% 5 years 90,000 rupees 17,222 rupees

In order to simplify the process, we have chosen an average term of 5 years as standard, as well as a down payment of around 10% and an estimated bank interest rate of 9.8%. Note that the buyer is free to decide the duration for which he takes out the loan, while the interest rate varies from one bank to another. Moreover, one can also choose to pay a higher or lower down payment, which will decrease or increase the easy monthly installment (EMI) respectively.
Citroën is currently selling the C3 in India at a starting price of Rs 5.71 lakh for the entry-level Live variant with the 1.2-litre NA petrol engine, going up to Rs 8.06 lakh (the two prizes, ex-showroom) for the top-of-the-range Feel model with the turbo-petrol engine. However, the on-road (Delhi) price of the Citroen car is currently between Rs 6.27 lakh and Rs 9.04 lakh.
For example, if you were to purchase the mid-level Feel variant of the Citroen C3 with the naturally aspirated petrol engine (ex-showroom price – Rs 6.62 lakh), you would end up paying Rs 14,191 as a monthly installment. for a term of 5 years at 9.8% ROI, with a one-time down payment of Rs 75,000. All added up, you end up paying around Rs 9.26 lakh for the said variant at the end of your loan tenure , which includes the price on the road, the amount of the deposit, as well as the interest incurred during the aforementioned period.
Let us know in the comments below if you want to know the EMI for any other car, motorcycle or scooter of your choice.

About Matthew R. Dailey

Check Also

Homebuyers Get 10% Down Payment Assistance With CA Forgivable Equity Builder | HD Post

STATEWIDE – As of November 2022, interest rates were still above 7% – impacting affordability, …