Hyundai i20 Active Car Loan EMI Calculator

₹ 14,355.
Here is how - Hyundai i20 Active price starts from ₹ 8,07,885 in Sitapur. If you pay a down payment of ₹ 99,895 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,355.

The cheapest i20 Active model is 1.2 Base which is priced at ₹ 8,07,885 in Sitapur. You will need to pay at least a ₹ 99,895 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for i20 Active.

Version	On-road price in Sitapur	Max Loan
1.2 Base	₹ 8,07,885	₹ 7,07,990
1.2 S	₹ 8,81,577	₹ 7,74,035
1.2 SX	₹ 9,78,860	₹ 8,58,536
1.2 SX Dual Tone	₹ 10,05,373	₹ 8,82,298
1.4 S	₹ 10,29,816	₹ 9,04,205
1.4 SX	₹ 11,29,329	₹ 9,93,393
1.4 SX Dual Tone	₹ 11,74,869	₹ 10,09,330

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for i20 Active 1.2 Base will be ₹ 12,592 but you will have to pay interest of ₹ 3,49,738 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 25,316, but your interest payment will be only ₹ 2,03,386 over the 3 years period.

₹ 14,355
Hyundai i20 Active price starts from ₹ 8,07,885 in Sitapur.

We have considered
Down-payement : ₹ 99,895
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 Active with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,70,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of i20 Active starts from ₹ 8.08 Lakh, you can get a loan with an annual income as low as ₹ 2.70 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 Active

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.