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• Good demand for electric vehicles in India
• Kia Carens Clavis EV is a popular car in the EV segment
• How much EMI to pay per month?

It is a common dream of every person to have their own car. Even in that Electric car Common people want to be able to buy. The market has seen a huge increase in demand for electric cars in the last few years. That is why many companies have offered their powerful electric cars.

A South Korean automobile manufacturer done Kia offers the Carens Clavis EV in the electric MPV segment. If you are planning to buy the base variant of this MPV, what is the monthly EMI for seven years after a down payment of 5 lakhs? Let’s know more about it.

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Kia Carens Clavis EV Price

The HTK Plus is offered as the base variant of the Kia Carens Clavis EV. The ex-showroom price of this variant is Rs 17.99 lakh. If buying this car in capital Delhi, the insurance cost is around Rs 75000. Additionally, a cess of around 18000 TCS will be required, bringing the on-road price to Rs 18.92 lakh.

How much will be the EMI?

If you are buying the base variant of Kia Carens Clavis EV, the bank will sanction the loan only on the ex-showroom price of the car. In such a case, after paying a down payment of Rs.5 lakh, you will be given a bank loan of around Rs.13.92 lakh. If the bank approves this loan for 7 years at 9% interest rate, then you will have to pay an EMI of Rs 22,626 every month for the next seven years.

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How expensive will the car cost?

If you take a car loan of Rs 13.92 lakh for 7 years at 9% interest rate, the monthly EMI will be Rs 22,626. Thus in seven years you will pay approximately Rs 5.08 lakh in interest alone.

Including down payment, ex-showroom price, on-road costs and interest, the total cost of your Kia Carens Clavis EV will be around Rs 24 lakh.