Nissan Magnite Available with 5.55 percent ROI and 100 percent On-Road Funding

Nissan Motor India has introduced a retail finance scheme for the Nissan Magnite through Nissan Renault Financial Services India. The offer includes interest rates starting at 5.55 percent, funding of up to 100 percent of the on-road price, and loan tenure of up to seven years. The scheme is available for bookings made until the end of March 2026.

Nissan Magnite Available with 5.55 percent ROI and 100 percent On-Road Funding

Nissan Motor India Private Limited (NMIPL) has introduced a new retail finance scheme for the Nissan Magnite . The scheme is being offered through Nissan Renault Financial Services India (NRFSI).

People Also Search

Q/A is AI-generated, newsroom-reviewed
What are the engine options for the Nissan Magnite?

The Nissan Magnite offers two engine options: a 1.0L naturally aspirated petrol engine producing 71 bhp and a 1.0L turbo petrol engine generating 98.6 bhp. The former can be paired with a five-speed manual or AMT transmission, while the latter can be mated with a five-speed manual or CVT. This versatility allows customers to choose based on their performance preferences.

What is the warranty offered with the Nissan Magnite?

Nissan India has introduced a 10-Year Extended Warranty Plan for the Magnite, which extends the standard 3-year warranty to a total of up to 10 years or 2 lakh km. This plan covers mechanical and electrical failures and allows for cashless repairs at authorized workshops, enhancing the ownership experience for customers.

What features are included in the Nissan Magnite?

The Nissan Magnite is equipped with numerous features such as a 360-degree camera, cruise control, a 9-inch touchscreen infotainment system, remote engine start, and wireless connectivity options. These features enhance convenience and safety, making the Magnite a competitive choice in the compact SUV segment.

What is the price range for the 2024 Nissan Magnite?

The 2024 Nissan Magnite is priced between Rs 6.00 lakh and Rs 8.00 lakh (ex-showroom). This pricing strategy aims to make the Magnite accessible to a wider audience while maintaining its appeal as a feature-rich compact SUV.

What are the expected design updates for the upcoming Magnite?

The upcoming Magnite is expected to feature a refreshed design with a new front fascia, including updated headlamps, fog lamps, and a redesigned bumper. Additionally, interior upgrades may include a new theme and improved infotainment systems to enhance the overall user experience.

Under this programme, customers with a valid CIBIL score can avail loans starting at an interest rate of 5.55 percent. The rate is applicable on a loan amount of Rs 5 lakh, subject to eligibility and internal approval processes.

Funding and Loan Tenure

The finance scheme allows up to 100 percent funding of the vehicle’s on-road price. This includes the ex-showroom cost, registration charges, insurance and other applicable fees.
Customers can opt for a loan tenure of up to seven years. The scheme also includes a part-payment option and no foreclosure charges after 24 months, as per the stated terms.

Digital Processing and Support

According to the company, the loan application process is largely digital, except for KYC verification and RTO-related documentation. NRFSI is also offering priority processing, customer care support and access to a WhatsApp-based assistance service.

Additional Benefits

Customers choosing finance through NRFSI can avail additional benefits of up to Rs 22,000. Existing Nissan customers opting for finance under this scheme are eligible for loyalty-related add-on benefits. The finance offer is applicable to Nissan Magnite bookings made until the end of March 2026.

Recent Product Launch

Nissan Motor India recently launched the Gravite MPV at an introductory price of Rs 5.65 lakh (ex-showroom). Bookings for the MPV are now open. The Gravite is based on the CMF-A+ platform and shares its structure with the Renault Triber. While its overall shape and size are similar, it gets a honeycomb grille, updated front and rear bumpers with C-shaped silver inserts, distinct LED DRLs, and ‘GRAVITE’ badging on the bonnet and tailgate.
End Article