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Nissan Magnite Car Loan EMI Calculator

Nissan Magnite
Nissan Magnite 8.59 - 15.02 Lakh
Versions XE
City Mumbai

Adjust Magnite Car Loan Parameters

12,113 EMI for 5 Years
On-Road Price
8,59,285
Down Payment
Loan Tenure
Loan Interest Rate
%

Nissan Magnite XE Car Loan EMI

On-Road Price ₹8,59,285
Ex-Showroom Price ₹5,97,400
Max Loan Amount ₹5,97,400
Down Payment as per
your Selection
2,61,885
Loan Amount 5,97,400
EMI Amount 12,113
Interest Component 1,29,380 (17.8%)
Principal Component 5,97,400 (82.2%)
Total Payable over 5 Years 7,26,780
Note: This doesn't include bank processing fee.

Nissan Magnite Loan Repayment Schedule

This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

Months Principal Paid Interest Paid Balance Loan
12 ₹1,01,224 ₹44,134 ₹4,96,176
24 ₹1,09,625 ₹35,732 ₹3,86,551
36 ₹1,18,724 ₹26,634 ₹2,67,828
48 ₹1,28,578 ₹16,780 ₹1,39,250
60 ₹1,39,250 ₹6,108 ₹0

Nissan Magnite EMI

Nissan Magnite Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹2.62 Lakh

On-Road Price in Mumbai Down Payment EMI
XE
₹8,59,285
2,61,885 12,113
XL
₹9,79,638
2,93,738* 13,908
XV Premium Turbo (O)
₹10,69,815
1,50,815 18,634
XV
₹10,81,994
3,20,494* 15,440
XV Premium Turbo (O) Dual Tone
₹10,88,136
1,53,136 18,958
XV Dual Tone
₹11,03,736
3,26,236* 15,765
XL Turbo
₹11,47,157
3,37,757* 16,412
XV Premium
₹11,79,702
3,46,302* 16,898
XV Premium Dual Tone
₹12,01,444
3,52,044* 17,223
XL Turbo CVT
₹12,38,880
3,47,480* 18,074
XV Turbo
₹12,69,441
3,69,941* 18,239
XV Turbo Dual Tone
₹12,91,182
3,75,682* 18,563
XV Premium Turbo
₹13,38,064
3,88,164* 19,261
XV Premium Turbo Dual Tone
₹13,59,805
3,93,905* 19,585
XV Turbo CVT
₹13,73,546
3,98,646* 19,767
XV Premium Turbo CVT (O)
₹13,92,093
3,88,093* 20,357
XV Turbo CVT Dual Tone
₹13,95,287
4,04,387* 20,092
XV Premium Turbo CVT (O) Dual Tone
₹14,13,973
3,93,973* 20,682
XV Premium Turbo CVT
₹14,79,488
4,41,988* 21,037
XV Premium Turbo CVT Dual Tone
₹15,01,554
4,48,054* 21,361

FAQ’s

₹12,113.

Here is how - Nissan Magnite price starts from ₹8,59,285 in Mumbai. If you pay a down payment of ₹2,61,885 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹12,113.

The cheapest Magnite model is XE which is priced at ₹12,113 in Delhi.

You will need to pay at least a ₹94,718 to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Magnite.

VersionOn-road price MumbaiMax Loan
XE859285597400
XL979638685900
XV Executive1030406723500
XV1081994761500
XV Dual Tone1103736777500
XV Red Edition1075725786500
XV Executive Turbo1136205801000
XL Turbo1147157809400
XV Premium1179702833400
XV Premium Dual Tone1201444849400
XV Executive Turbo CVT1215732888150
XL Turbo CVT1238880891400
XV Turbo1269441899500
XV Turbo Dual Tone1291182915500
XV Turbo Red Edition1264706924500
XV Premium Turbo1338064949900
XV Premium Turbo Dual Tone1359805965900
XV Turbo CVT1373546974900
XV Turbo CVT Dual Tone1395287990900
XV Turbo CVT Red Edition1366289999900
XV Premium Turbo CVT14794881037500
XV Premium Turbo CVT Dual Tone15015541053500

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

1. If you select a higher tenure loan, let's say 7 years, your EMI for Magnite will be ₹9,311 but you will have to pay interest of ₹1,84,724 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹33,013, but your interest payment will be only ₹1,34,968 over the period of 3 years period.

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