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Auto News: In the Indian auto market, Renault Duster is known for its powerful design and strong identity in the SUV segment. The company has introduced the new Duster with modern features, better design and turbo petrol engine. Its starting ex-showroom price has been kept at Rs 10.49 lakh.

If you want to buy Renault Duster and want to finance it instead of paying the entire amount at once, then it is important for you to know the calculations of loan and EMI. Especially if you buy the base model of this SUV with a down payment of Rs 2 lakh, then it will be easy to understand how much your monthly installment will be.

Registration, insurance and other charges included

The ex-showroom price of the base variant of Renault Duster is Rs 10.49 lakh. However, the on-road price of the vehicle may vary depending on the city as it includes registration, insurance and other charges. For example, the on-road price of this SUV in Delhi can reach around Rs 12.28 lakh.

If the customer makes a down payment of Rs 2 lakh, then he will have to take a car loan of around Rs 10.28 lakh. EMI may change depending on the interest rate of the bank and loan tenure.

What will be the EMI on 5 years loan?

If a loan of Rs 10.28 lakh is taken for 5 years at 9 percent annual interest rate, then EMI of approximately Rs 21,341 will have to be paid every month.

EMI calculation on 6 years loan

If the loan tenure is increased to 6 years, then at 9 percent interest rate, the monthly installment can be around Rs 18,532.

How much will be the installment on 7 years loan?

At the same time, if you take a loan for a period of 7 years, the EMI can reduce to around Rs 16,541 per month. However, the actual EMI may be more or less depending on the bank’s interest rate, loan amount and customer’s profile.

Before buying a car, it can be a better option to compare the interest rates and offers of different banks and finance companies, so that better loan facility can be availed at lower cost.

Updates like exterior design included

In the new Renault Duster, the company has provided a 1.0 liter turbo petrol engine, which comes with a 6-speed manual gearbox. The SUV includes updates like a larger touchscreen infotainment system, digital instrument cluster, multiple airbags, modern safety features and attractive exterior design.

The new Duster has been designed keeping in mind the customers who want a premium driving experience with strong looks, modern technology and SUV-like strength.