Nissan offers Magnite car loan at 5.55% interest, 100% on-road funding

Nissan Motor India Private Limited (NMIPL) recently announced a retail finance scheme for the Nissan Magnite through Nissan Renault Financial Services India (NRFSI).

The scheme offers an interest rate starting at 5.55% for all CIBIL customers and up to 100% on-road funding. The offer applies to Magnite bookings made until the end of March 2026.

Retail finance schemes with lower interest rates and high on-road funding are widely used by automakers in India’s sub-compact SUV segment. Funding that covers on-road costs reduces the upfront amount buyers need to pay, including registration and insurance.

According to the company, the funding covers the vehicle cost, registration, insurance and applicable charges. Loan tenure is up to seven years. The scheme includes nil foreclosure charges after 24 months and a part-payment facility.

Customers who opt for NRFSI finance are eligible for extra benefits of up to ₹22,000. Existing Nissan loyalty customers choosing NRFSI finance will receive additional add-on benefits.

The sub-₹10 lakh passenger vehicle segment remains highly competitive in India, especially for compact SUVs such as the Magnite. Financing schemes with high on-road coverage target this segment, where affordability and flexible repayment options influence buying decisions.

Read more: Nissan launches CNG retrofit for New Magnite EZ-Shift at ₹71,999 across India