New Delhi: The demand for the Toyota Innova Hycross car is very high in the market. Being an SUV, it is bought a lot, and customers are very excited about it. If you are planning to buy it and do not have the budget, then do not worry. An EMI plan is being given by the company for the Toyota Innova Hycross car.
You can save money by buying this car. That means you can bring it home by depositing a low down payment through an EMI plan. The 7-seater car will be liked a lot by people. Talking about the price of the Toyota Innova Hycross car, it starts from Rs 19.94 lakh and goes up to Rs 31.34 lakh. You can easily buy this car through a loan. Below is how you can buy this model by taking a loan.
How much down payment is needed to buy a car
The status of the Toyota Innova Hycross car is different. The on-road price of the base model in Noida has been kept at Rs 23.17 lakh. Due to taxes, its price may vary in different cities. If you buy it on an EMI plan, you will have to pay 9 per cent interest. It means that customers can bring this car home with a down payment of Rs 2.32 lakh.
If you want to deposit a larger amount than this, then the loan instalment will be less. It means that the loan of the remaining Rs 20.32 lakh will be easily available. This loan will be available to customers at an interest rate of 9 per cent. For four years, the customer will have to deposit an instalment of Rs 51,900 every month. If, for some reason, you make a 5-year plan to buy a Toyota Innova Hycross, then you will have to pay an EMI of Rs 43,300 at a 9 per cent interest rate for 0 months.
How much EMI will have to be deposited for six years
If you take a loan for 6 years on the Toyota Innova Hycross car, then you will have to deposit an instalment of Rs 37,600 every month. If you take a loan for seven years, then you will have to pay an EMI of Rs 33,550 at the rate of 9% interest from the bank. To buy this car on loan, your monthly salary should be around Rs 1 lakh. If you do not have this much salary, then you will not be able to buy the car on loan.