Buy Nissan Magnite on EMI, Check Loan Details & EMI Calculator



The smallest and cheapest SUV, Nissan Magnite was introduced by Nissan in October 2020. Initially, it was planned to be launched as Datsun's flagship SUV, but the Datsun was slated to be discontinued.
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Nissan Magnite

Nissan Magnite was launched on 2nd December 2020, in the Indian market. It is built on the CMF-A+ platform that also underpins Renault Triber and Renault Kiger.

Variants and Colours

Nissan Magnite is available in 20 variants; XE, XL, XV, XV Dual tone, XL Turbo, XV Premium, XV Turbo, XV Premium Dual tone, XL Turbo CVT, XV Premium Turbo, XV Premium Turbo (O), XV Turbo CVT, XV Premium Turbo (O) Dual tone, XV Turbo CVT Dual tone, XV Premium Turbo CVT (O), XV Premium Turbo CVT Dual tone and XV Premium Turbo CVT (O) Dual tone, ranging from Rs 5.5 lacs to Rs 9.89 lacs.

A total of 8 different colors (dual tone included) options are available in this car; Flare Garnet Red with Onyx Black, Tourmaline Brown with Onyx Black, Pearl White with Onyx black, Vivid Blue with Storm White, Blade Silver, Sandstone Brown, Onyx Black, and Storm White.

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Features

This subcompact crossover SUV features a speedometer, tachometer, odometer, clock, power steering, front and rear power windows, adjustable steering, automatic climate control, low fuel warning light, an accessory power outlet, height-adjustable front seat belts, front and rear cupholders, rear parking sensors, USB charger, gear shift indicator, air conditioner with deodorizing and dust filter and power-adjustable as well as manually adjustable rearview mirrors.
nissan magnite seating capicity interior features carbikeloans
It has an instrument cluster featuring a 3.5 inch LCD with Bluetooth and Wi-Fi connectivity integrated 2DIN audio system with a total of 4 front and rear speakers, steering switch audio control, mobile connectivity.

Further, it has Anti-lock Braking System, brake assist, central locking, child safety locks, anti-theft alarm, 2 airbags, day-night rearview mirrors, side and front impact beams, traction control, vehicle stability control, engine immobilizer, crash sensor and engine check warning as safety features.

Engine

Nissan Magnite is powered by a 3-cylinder, 4-valve, SOHC, MPFi, 999cc, BS6 compliant, 1.0-liter petrol engine with a 5-speed manual and CVT transmission gearbox options that produce the maximum power of 71 bhp at 6250 rpm and a maximum torque of 96 Nm at 3500 rpm. It provides a mileage of 20 kmpl.

Related article: DATSUN CAR 2021 OFFERS ON GO, REDI-GO AND GO PLUS, LOAN INFORMATION

Wheels, Tyres, Brakes and Suspension

Front and rear tubeless tyres of 195/60 – 16 are equipped with 16-inch wheels and have a front disc and rear drum brakes with Anti-lock Braking System. The front Mac Pherson strut suspension with a Lower transverse link and rear twin-tube telescopic shock absorbers adds comfort.

Dimensions, Capacity and Weight

The length, width, and height of the Nissan magnet are 3994 mm 1758 mm, and 1572 mm. Its boot space capacity is 336 liters. It provides a ground clearance of 205 mm and a ground clearance of 2500 mm. The kerb weight of this car is 1014 kg.

Nissan Magnite Loan Information

The minimum interest rates for a car loan and maximum tenures at different banks are listed below:

  • Kotak Bank at the rate 6.5 % for 5 years
  • SBI at 7.7% floating interest rates for seven years
  • HDFC Bank @ 7.25% for seven years
  • Axis Bank @ 8.70% for seven years
  • Punjab National Bank @ 7.55% rate for seven years
  • IndusInd Bank @ 8.65% for 5 years
  • Bank of India @ 7.45% for 5 years
  • IDBI Bank @ 9.2 % for 7 years
  • Andhra Bank 7.4 % for seven years
  • Central Bank of India @ 7.5 % for 7 years


Generally, the banks provide car loans either up to 100% of the ex-showroom price of around 85% of the on-road price. HDFC Bank, ICICI Bank, and Axis Bank provide car financing of up to 100% of the ex-showroom price.
2021 nissan magnite specifications features carbikeloans

Loan EMI Calculation

Suppose the customer borrows a loan of Rs 5 lacs for the Nissan Magnite XE variant at a 7.45% annual rate of interest for the tenure of 5 years, the remaining amount of the on-road price will be paid by the customer as a down payment. The total amount payable, including the interest of Rs 1 lakh, will be Rs 6 lacs that will be paid in monthly EMIs of Rs 10,000 for 5 years.

Also read: TATA NEXON EV - PRICE, LOAN, EMI, DOWN PAYMENT CALCULATION DETAILS

If the customer is eligible for 100% financing of the ex-showroom price for Nissan Magnite XV Turbo dual-tone variant, at a 9.2 % annual rate of interest for a tenure of 7 years, then the amount including RTO charges, road tax, registration charges, insurance, and other applicable charges will be paid by the customer as a down payment. The calculated monthly EMI for this loan amount is Rs 12,600 and the total payable amount, including the interest of Rs 2.81 lacs, is Rs 10.63 lacs.

The loan EMI is calculated using loan amount, interest rate, and loan tenure, you can also calculate loan EMI by entering these values in this Car loan EMI calculator.



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