You will be able to buy New Generation Model even by taking loan from the bank : The demand for Rolls-Royce cars is increasing a lot in India. If a person wants to buy this car, then this car can also be taken in his name by taking a loan from the bank. Four cars of this luxury brand are included in the Indian market. Automakers recently launched the new generation model of Rolls-Royce Cullinan in India. Talking about the petrol variant of Rolls-Royce Cullinan Series II, the on-road price of the car is 12.06 crores but it is not necessary to make full payment to buy this car.
Complete process of buying Rolls-Royce Cullinan
The price of this luxury car starts from Rs 10.50 crore and goes up to Rs 12.25 crore. This is the most expensive Rolls-Royce car in India. First you have to decide for how long you want to take a loan. To buy the new generation model of Rolls-Royce Cullinan, you will have to take a loan of Rs 10.85 crore. You will have to deposit a fixed amount every month according to the interest being charged by the bank on this loan. To buy this luxury car, you will have to deposit Rs 1.20 crore as down payment.
This much money will have to be paid at 9 percent interest
Suppose you take a loan for 5 years at 9 percent interest, then you will have to deposit Rs 22.54 lakh in the bank every month. If you take this loan for seven years, then at 9 percent interest, you will have to deposit Rs 17.46 lakh in the bank every month for seven years. If you take the loan for five years, then you will have to pay Rs 2.66 crore to the bank in addition to the amount of the car in these five years. On the other hand, if you are taking this loan for 7 years, then you will have to deposit an additional Rs 3.82 crore in the bank.