Land Rover Defender on EMI: Land Rover vehicles have gained immense popularity in the Indian market, particularly the Defender, which has captured the attention of many enthusiasts. The starting price for all variants of this impressive off-roader exceeds one crore rupees. If you’re interested in owning a Defender but find yourself constrained by budget, we’re here to break down the down payment and EMI details for you.
EMI calculation for the Land Rover Defender
For instance, the on-road price of the 2.0-litre 110 X-Dynamic HSE petrol variant is approximately Rs 1.20 crore. You can secure a bank loan of around Rs 1.08 crore to facilitate your purchase. The monthly installment you’ll need to pay will depend on the interest rate set by your bank, which can vary. To acquire a Defender, you would typically need to make a down payment of about Rs 12 lakh.
Probable monthly EMI rate
If you opt for a four-year loan at a 9 percent interest rate, your monthly EMI would be around Rs 2.68 lakh. Should you choose a five-year term, the EMI would drop to approximately Rs 2.24 lakh. For a six-year loan, expect to pay about Rs 1.94 lakh each month. If you extend the loan to seven years, your monthly payment would be around Rs 1.73 lakh.
When considering a car loan for a Defender, it’s crucial to thoroughly understand the bank’s policies and ensure you have a solid credit score to improve your chances of approval.
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