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Image Credit : toyota
What is the EMI for a Fortuner with zero down payment?
Many people feel they should have a big car. They dream of owning a car like the Fortuner. Let's find out what the installment would be if you buy the car with zero down payment.
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Image Credit : x-@car_consulting
How much does the Fortuner car cost?
The Toyota Fortuner is an expensive car. Its on-road price ranges from ₹38 lakh to ₹50 lakh, varying by city and location. The price depends on which city you buy the car in.
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Image Credit : Toyota
How much loan is needed?
If you're buying the car with zero down payment, meaning without paying a single rupee upfront, you might need to take a loan of ₹40 lakh. In that case, you need to understand the interest rate.
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Image Credit : Toyota
For how many years will the loan be?
The interest rate depends on the loan tenure you choose. You can take a loan for a period of 5, 7, or 8 years.
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Image Credit : NDTV
What is the EMI for 5 years?
For a 5-year tenure, the monthly EMI for this car is ₹85,000 to ₹90,000. For 7 years, it's ₹65,000 to ₹70,000 per month, and for 8 years, you have to pay an installment of ₹55,000 to ₹60,000.
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Image Credit : Toyota
Processing Fee & Insurance
Processing fees, insurance, and RTO charges are included in this cost. Since you are paying the entire price of the car through installments, you are paying the car's EMI.
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