Kia offers a powerful range of models in the Indian car market, covering almost every segment. In the compact SUV segment, the company introduces its new vehicle, the Kia Syros, which has become quite popular in a short time. If you’re considering purchasing this SUV, we’ll tell you how much EMI you’ll need to pay each month after making a down payment of ₹2 lakh (approximately ₹200,000) and how much the total cost will be.
Kia Syros Ex-Showroom Price
The base variant (HTK) of the Kia Syros has an ex-showroom price of ₹8.67 lakh (approximately ₹61,000). If this SUV is purchased in Delhi, the on-road price includes various expenses, such as RTO fees (approximately ₹61,000), insurance (approximately ₹33,000), and other charges (approximately ₹7,000 including FASTag). After adding all these expenses, the on-road price of the Kia Syros comes to approximately ₹9.68 lakh.
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Down Payment and Monthly Installment
If you make a down payment of ₹2 lakh to purchase this car, the remaining amount will need to be financed through a bank. After subtracting the down payment from the on-road price (₹9.68 lakh), you will need to take out a car loan of ₹7.68 lakh. If the bank finances this amount for 7 years (84 months) at an interest rate of 9%, your monthly installment (EMI) will be ₹12,485, which you will have to pay for the next seven years.
Total Amount
Now let’s discuss how much this car will cost you overall. Taking a loan of ₹7.68 lakh for 7 years at an interest rate of 9%, you will pay approximately ₹2.80 lakh in interest. This brings the total cost of the car (including ex-showroom price, on-road expenses, and interest) to approximately ₹12.48 lakh.
Competition
The Kia Syros competes with powerful SUVs like the Hyundai Venue, Nissan Magnite, Mahindra XUV 3XO, Renault Kiger, Maruti Brezza, and Tata Nexon in India.
