Kia Seltos Finance Plan: EMI Details with ₹2 Lakh Down Payment
If you are planning to buy the popular compact SUV Kia Seltos, understanding the finance plan and monthly EMI can help you plan your budget better. Kia recently introduced the facelifted version of the Seltos with updated styling, new features, and improved technology.
The updated SUV is slightly longer and wider than before, making it more spacious and modern. In this article, we explain how much EMI you may have to pay if you buy the Kia Seltos with a ₹2 lakh down payment.
Kia Seltos Price in India
The new Kia Seltos is available in multiple variants with petrol and diesel engine options, along with manual and automatic transmissions.
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Starting ex-showroom price: ₹10.99 lakh
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Top variant price: ₹19.99 lakh
Here we are calculating the finance plan for the base variant HTE petrol manual.
Kia Seltos On-Road Price Breakdown
The ex-showroom price of the base variant of the Kia Seltos is ₹10.99 lakh. After adding additional charges, the final on-road price increases.
Estimated cost breakdown:
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Ex-showroom price: ₹10,99,000
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RTO charges: ₹1,09,900
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Insurance: ₹53,201
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Other charges: ₹10,990
👉 Total On-Road Price: ₹13,33,591
Kia Seltos EMI with ₹2 Lakh Down Payment
If you make a down payment of ₹2,00,000, the remaining amount to be financed will be:
Loan Amount: ₹11,33,591
Assuming the following loan conditions:
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Loan tenure: 5 years
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Interest rate: 10%
Your estimated monthly installment will be:
Monthly EMI: ₹24,085
Over five years, you will pay approximately:
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Total interest: ₹3,11,537
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Total amount paid: ₹16,45,128
This means the car will cost around ₹3.11 lakh extra as interest over the loan tenure.
Engine and Performance
The base variant of the Kia Seltos is powered by a 1,493 cc 4-cylinder engine.
Engine specifications:
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Power: 114 bhp
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Torque: 250 Nm
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Transmission: Manual
This setup offers a good balance between performance and fuel efficiency, making it suitable for both city and highway driving.
Dimensions and Practicality
The updated Kia Seltos offers a spacious cabin and practical design.
Dimensions:
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Length: 4460 mm
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Width: 1830 mm
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Height: 1635 mm
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Wheelbase: 2690 mm
The SUV also provides 447 litres of boot space, which is sufficient for luggage during long trips.
Key Features of Kia Seltos
The facelifted Kia Seltos comes with several convenience and comfort features.
Key features include:
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Height-adjustable driver seat
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Cruise control
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Parking sensors
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Keyless entry
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Engine start/stop button
Safety features:
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Anti-lock braking system (ABS)
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Central locking
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Child safety lock
The Kia Seltos remains one of the most popular compact SUVs in India thanks to its modern design, feature-rich cabin, and multiple engine options. With a ₹2 lakh down payment and an EMI of around ₹24,085, it can be a practical option for buyers planning to purchase a premium SUV on finance.
FAQs About Kia Seltos
1. What is the EMI for Kia Seltos with a ₹2 lakh down payment?
If you buy the base variant of the Kia Seltos with a ₹2 lakh down payment, the loan amount will be around ₹11.33 lakh. With an interest rate of about 10% for 5 years, the estimated monthly EMI will be around ₹24,085.
2. What is the starting price of Kia Seltos in India?
The starting ex-showroom price of the Kia Seltos in India is approximately ₹10.99 lakh, while the top variant goes up to around ₹19.99 lakh.
3. What engine options are available in Kia Seltos?
The Kia Seltos is available with multiple engine options, including petrol and diesel engines. Buyers can choose between manual, iMT, and automatic transmissions depending on the variant.
4. What is the boot space of the Kia Seltos?
The Kia Seltos offers 447 litres of boot space, which is sufficient for luggage during family trips or long-distance travel.
5. Is Kia Seltos a good SUV for family use?
Yes, the Kia Seltos is considered a good family SUV because it offers a spacious cabin, modern features, good safety equipment, and multiple engine options.
6. Which SUV competes with the Kia Seltos in India?
The Kia Seltos competes with several compact SUVs in India, including the Hyundai Creta, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, and Skoda Kushaq.