Nissan Gravite is the latest entry from Nissan in the Indian MPV segment. The Gravite aims to attract buyers looking for a budget-friendly three-row family car with a practical design and useful features. If you are planning to buy the MPV through a car loan, understanding the monthly EMI options can help you manage your budget better.
For this guide, we have considered the Gravite Tekna Launch Edition EZ Shift automatic variant. The approximate on-road price in New Delhi is Rs. 9.95 lakh. Assuming a down payment of Rs. 1 lakh, the loan amount comes to around Rs. 8.95 lakh with an estimated interest rate of 9.8 percent.
Depending on the loan tenure, the monthly EMI can vary significantly. A shorter loan period results in higher EMIs but lower total interest. On the other hand, a longer tenure reduces the monthly burden but increases the total interest paid.
Below is a simple breakdown of the Nissan Gravite EMI plans based on different loan durations.
Nissan Gravite Loan Details (Estimated)
| Detail | Amount |
|---|---|
| Variant | Gravite Tekna Launch Edition EZ Shift |
| On-road Price (New Delhi) | Rs. 9.95 lakh |
| Down Payment | Rs. 1 lakh |
| Loan Amount | Rs. 8.95 lakh |
| Interest Rate | 9.8% (approx.) |
Nissan Gravite EMI Plan (Approx.)
| Loan Tenure | Monthly EMI | Total EMI Payment | Total Cost After Loan |
|---|---|---|---|
| 3 Years | Rs. 28,800 approx | Rs. 10.36 lakh | Rs. 11.36 lakh |
| 4 Years | Rs. 22,500 approx | Rs. 10.80 lakh | Rs. 11.80 lakh |
| 5 Years | Rs. 18,900 approx | Rs. 11.34 lakh | Rs. 12.34 lakh |
| 7 Years | Rs. 14,600 approx | Rs. 12.30 lakh | Rs. 13.30 lakh |
Note: These figures are approximate and may vary depending on bank interest rates and buyer credit profile.
Things to Consider Before Taking a Car Loan
Shorter loan tenure means higher EMI but less interest.
Longer tenure lowers monthly EMI but increases total cost.
Your CIBIL score and bank policies can affect the interest rate.
Always confirm the exact EMI with your bank or dealership before finalising the purchase.
FAQs
1. What is the price of the Nissan Gravite Tekna Launch Edition?
The approximate on-road price in New Delhi is Rs. 9.95 lakh.
2. What will be the EMI for Nissan Gravite for 3 years?
For a 3-year loan, the estimated EMI is around Rs. 28,800 per month.
3. What down payment is considered in this EMI calculation?
A down payment of Rs. 1 lakh (around 10% of the on-road price) has been considered.
4. Which loan tenure is best for the Nissan Gravite?
A 3–5 year tenure usually offers a good balance between EMI amount and total interest paid.
5. Can the EMI amount change?
Yes, the EMI can vary depending on interest rate, loan amount, credit score, and lender policies.
