India’s car market is growing and so the choice of vehicles. One of the car categories that is rapidly growing is SUV cars or Sports Utility Vehicles. Whether you are driving on a highway or a bumpy rural road, due to their high ground clearance, SUVs excel on Indian roads. If you are looking to purchase one of the top 5 SUVs under Rs. 20 lakh, you will find a great list of options. Before, we delve into the details of these SUVs, it is important to do financial planning. Buying a new car requires a huge sum of money in one go. This is where new car loans help you in financing your car purchase.
Bajaj Finance offers new car loans that come with simple car loan eligibility criteria and minimal paperwork. With Bajaj Finserv New Car Finance, you can get funds of up to 100% of the car’s on-road price and bring home your desired vehicle with ease.
In this guide, we will explore the top 5 SUVs under Rs. 20 lakh and how new car loans can help you finance your car purchase.
Here is the list of the top 5 SUVs under Rs. 20 lakh in India
| Model name | Ex-showroom price (starting at) |
| Tata Harrier | Rs. 15.49 lakh |
| Mahindra XUV700 | Rs. 13.99 lakh |
| Mahindra Scorpio | Rs. 13.59 lakh |
| Hyundai Creta | Rs. 11 lakh |
| Kia Seltos | Rs. 10.90 lakh |
*The prices mentioned are ex-showroom prices in Delhi. Prices will vary depending on the city of purchase.
Read on to know more about these SUVs so that you can make an informed choice.
Tata Harrier:
Tata Harrier, with its bold design and feature-packed variants, emerges as a compelling choice. Priced starting from Rs. 15.49 lakh for the base model Tata Harrier Smart, it delivers an impressive mileage of 16.8 kmpl.
Mahindra XUV700:
Mahindra XUV700 stands tall with its impressive lineup, starting from the base model Mahindra XUV700 MX (Petrol) at Rs. 13.99 lakh. Offering variants across petrol and diesel, the Mahindra XUV700 boasts mileage ranging from 13 kmpl to 17 kmpl, catering to diverse preferences.
Mahindra Scorpio Classic:
A veteran in the SUV segment, the Mahindra Scorpio Classic continues to charm buyers with its rugged appeal and affordability. With a base model Mahindra Scorpio Classic S is priced at Rs. 13.59 lakh and it goes up to Rs. 17.35 lakh for the most expensive model Mahindra Scorpio Classic S11 CC.
Hyundai Creta:
Hyundai Creta, known for its suave looks and feature-rich interiors, presents a compelling proposition starting from Rs. 11 lakh for Hyundai Creta E. Its most expensive model is Hyundai Creta DSL SX(O) DT is priced at Rs. 20.15 lakh. Available in both fuel type – petrol and diesel, Hyundai Creta delivers a mileage ranging from 17.4 kmpl to 21.8 kmpl.
Kia Seltos:
Kia Seltos, the newcomer in the block, has swiftly carved its niche with a captivating design and innovative features. Priced at Rs. 10.90 lakh for the base model Kia Seltos HTE, it goes up to Rs. 20.35 lakh for its premium model – Kia Seltos X-Live Diesel AT. Available in both versions – petrol and diesel, this SUV is available with manual as well as automatic transmission. It boasts mileage ranging from 17 kmpl to 20.7 kmpl across all its variants.
Why to choose Bajaj Mall for your car purchase
You can explore these SUVs and more by visiting Bajaj Mall. Bajaj Mall provides search filters that help in finding your preferred car with ease. With these search filters, you can narrow down options based on criteria such as brand, body type, and price. Once you find an SUV of your choice, you can book it online using our financing solution. When you choose a new car loan, you get funds at competitive car loan interest rates that make your borrowing convenient. With our flexible repayment tenure options, you can easily spread the cost of your car into small monthly instalments and repay easily over a long period of time. Use the car loan EMI calculator to choose the right loan amount based on the monthly instalment. Features such as an easy application process and instant approval simplifies your borrowing experience, making it hassle-free.
As you venture into the quest for the ideal SUV under Rs. 20 lakh, keep in mind the importance of strategic planning and financial responsibility. With the support of a new car loan, you can transform your dream of owning a premium SUV into a tangible reality.
Note: Mileage figures are as per ARAI certification and may vary based on driving conditions and other factors.
The prices mentioned are ex-showroom prices in Delhi. Prices will vary depending on the city of purchase.
