Datsun is a ‘daughter brand’ of the Automobile Company Nissan. It made a production run back in 1931. Only trucks were being sold with the Nissan brand name, the other vehicles produced by Nissan from 1958 to 1986 were labeled as Datsun. Before the existence of the name "Datsun", Kaishinsha Motorcar Works in Tokyo's Azabu-Hiroo district built a car called the DAT car in 1914. Nissan had axed the name in 1986 and later reintroduced in June 2013 as the affordable vehicles brand manufacturer for developing markets like Indonesia, Russia, India, South Africa.

Datsun car 2021 Loan offers

Nowadays, Datsun is selling more cars per month as Go, Go Plus, and Redi-Go, than the parent company Nissan. As a result, Datsun is eating into the sales of Nissan vehicles in the emerging markets, because Datsun made low-cost cars for these markets which are offering better value to the customers than Nissan.

For this reason, Nissan announced to discontinue the vehicles with the name Datsun. Nissan has established revenue figures in the US markets by selling a wide number of vehicles at a significant discount to fleet operators. That would eliminate loss-making models of the brand which are also profitable. Probably, for the same reason, Datsun is offering great discounts on Go, Redi-Go and Go Plus in Indian market.

Datsun Go

Datsun is offering benefits up to Rs 40,000/- on Datsun Go cars. They are offering a cash discount of Rs 20,000/- and an exchange benefit of Rs 20,000/- that can be availed only at NIC enabled dealerships. Datsun Go is the first car manufactured by Datsun, the daughter brand of Nissan from 2013. It was designed on the Nissan V platform same as Nissan Micra. Datsun Go was launched globally in Delhi, India on 15 July 2013. The new bs6 compliant variant of Datsun Go has the pricing range from Rs 4 lacs to Rs 7.5 lacs of the ex-showroom price. It is powered by a 1198cc petrol engine and gives auto mileage from 19 to 19.6 kilometers per liter. It's available in both manual transmission and automatic transmission variants. Datsun Go has a seating capacity of 5 people; a driver, one front passenger, and 3 back passenger seats.

Datsun Go Plus

Datsun has announced discounts up to Rs 40,000/- on Datsun Go Plus, which is the same as Datsun Go; Rs 20,000/- cash discount and Rs 20,000/- exchange benefits. Also here, the exchange benefits can only be availed at NIC enabled dealership.

Datsun Go Plus was introduced in the Indian market by Nissan in 2015. Datsun Go Plus is available in seven petrol variants; D Petrol, A Petrol, A Option Petrol, T Petrol, T Option Petrol, T CVT, and T option CVT. The manufacturer stated that the engine returns and excellent ARAI certified fuel mileage of 20.62 kmpl. The price of Datsun Go Plus ranges from Rs 4.2 lacs to Rs 6.9 lacs. Datsun Go Plus is powered by a 1198cc petrol engine with manual and CVT transmission options. Datsun Go Plus has a seating capacity of 7 people; a driver's seat, one front passenger seat, three passenger seats in the second row, and two foldable passenger seats in the third row.

The top features of Datsun Go Plus are power steering, Anti-lock brake system, driver airbag, alloy wheels, power windows front, air conditioner, and passenger airbag.

Datsun Redi-Go

One can get benefits up to Rs 35000 on a Datsun Redi-Go car. A cash discount of up to Rs 15,000/- and the exchange benefits up to Rs 15,000/- are applicable under this offer. Corporate employees and Medical professionals can avail of an additional discount of Rs 5,000/- on Datsun Redi-Go.

This production model was introduced in Auto Expo 2014 by Datsun. Datsun Redi-Go was constructed under the CMF-A platform, the same as the Renault Kwid. Datsun Redi-Go is powered by two petrol engines options; 0.8 liter 799cc petrol engine that produces the maximum power of 54 PS and maximum torque of 72 Nm which comes with a 5-speed manual transmission gearbox only, while 1.0-liter 999cc petrol engine produces the maximum power of 69 PS and maximum torque of 91 Nm which comes with a 5-speed manual transmission as well as automatic transmission gearbox. Datsun Redi-Go is available in a total of six variants 5 manual and 1 automatic transmission: D, A, T, T Option, and 1.0 T Option are manual transmission variants and Redi-Go AMT 1.0 Option is automatic transmission variant. Datsun Redi-Go gives a mileage from 20.7 to 22.0 kmpl, depending upon the variant.

The key features of Datsun Redi-Go are power steering, Anti-lock braking system, driver airbag, passenger airbag, wheel covers, power window front, air conditioner, and front fog lights, which are quite similar to Datsun Go Plus.

These offers are valid till 31st January 2021 and may vary across the variant and location.

Datsun Car Loan Information

There are a few banks that offer car loans up to 100% of ex-showroom price, like; HDFC Bank, ICICI Bank, Axis Bank, etc. Most of the banks provide car loans up to 85% of the on-road price and up to 90% of ex-showroom price.

The maximum tenure for the loan repayment in most of the banks is up to seven years that is 84 months, unlike IndusInd Bank and Kotak Bank; where the maximum tenure for a car loan is 5 years.

The State Bank of India provides car loans at a minimum of 8% floating interest rates. Generally, the interest rates at different banks vary from 8% to 10%.

If you are willing to buy a Datsun car then the following examples can help you to understand the important factors like loan EMI, payable interest, interest rates, and tenure of the loan.

Datsun Go car loan

If the on-road price of Datsun Go is Rs 4.6 lacs and you take a loan of Rs 3.9 lacs at a 9.25 % annual interest rate for the tenure of 5 years, then you will pay the monthly EMI of Rs 8,100/-. The total interest paid by you at the end of the loan repayment will be Rs 95,000/- approximately.

Datsun Go Plus car loan

The ex-showroom price of Datsun Go Plus starts from Rs 4.25 lacs. Suppose you are eligible for a car loan of 100% of the ex-showroom price at 8.5 % interest rates for the tenure of 6 years then the monthly EMI you pay will be Rs 7,500/-. At the end of loan repayment, the total amount paid by you will be Rs 5.4 lacs including the total interest of Rs 1.15 lacs.

Datsun Redi-Go car loan

The ex-showroom price ranges between Rs 2.9 lacs to Rs 4.9 lacs for Datsun Redi-Go. Let the on-road price of Datsun Redi-Go be Rs 3.6 lacs. And one gets a loan of Rs 2.88 lacs that is 80% of the on-road price, at a 10.5% fixed interest rate for 4 years. The monthly EMI will be around Rs 7,300/- and the total payable loan amount will be Rs 3.5 lacs including the interest of Rs 62,000/-.

Furthermore, here is Datsun Car Loan EMI Calculator, so that you can calculate Loan EMI if you are buying Car on loan.