Hyundai Alcazar Car Loan EMI Calculator

₹ 34,014.
Here is how - Hyundai Alcazar price starts from ₹ 19,50,054 in Kharsia. If you pay a down payment of ₹ 2,72,554 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 34,014.

The cheapest Alcazar model is Prestige 7 STR 1.5 Turbo Petrol which is priced at ₹ 19,50,054 in Kharsia. You will need to pay at least a ₹ 2,72,554 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 Alcazar.

Version	On-road price in Kharsia	Max Loan
Platinum 7 STR 1.5 Diesel	₹ 22,83,817	₹ 19,68,800
Signature 6 STR 1.5 Diesel	₹ 23,39,845	₹ 20,17,700
Signature 6 STR 1.5 Diesel Dual Tone	₹ 23,57,032	₹ 20,32,700
Platinum (O) 6 STR 1.5 Diesel AT	₹ 24,12,717	₹ 20,81,300
Platinum (O) 7 Seater 1.5 Diesel AT	₹ 24,12,717	₹ 20,81,300
Signature (O) 6 STR 1.5 Diesel AT	₹ 24,25,549	₹ 20,92,500
Signature (O) 7 Seater 1.5 Diesel AT	₹ 24,25,549	₹ 20,92,500
Signature (O) 6 STR 1.5 Diesel AT Dual Tone	₹ 24,54,193	₹ 21,17,500
Prestige 7 STR 1.5 Diesel	₹ 20,65,433	₹ 17,78,200
Prestige (O) 7 STR 1.5 Diesel AT	₹ 22,33,518	₹ 19,24,900
Signature (O) 6 STR 1.5 Petrol DCT Dual Tone	₹ 23,56,917	₹ 20,32,600
Platinum 7 STR 1.5 Diesel Adventure	₹ 23,24,950	₹ 20,04,700
Signature (O) 7 Seater 1.5 Diesel AT Adventure	₹ 24,66,682	₹ 21,28,400
Signature (O) 7 STR 1.5 Petrol DCT Adventure Dual Tone	₹ 23,92,436	₹ 20,63,600
Signature (O) 7 Seater 1.5 Diesel AT Adventure Dual Tone	₹ 24,66,682	₹ 21,28,400
Prestige 7 STR 1.5 Turbo Petrol	₹ 19,50,054	₹ 16,77,500

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 Alcazar Prestige 7 STR 1.5 Turbo Petrol will be ₹ 30,394 but you will have to pay interest of ₹ 8,75,596 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 ₹ 61,108, but your interest payment will be only ₹ 5,22,388 over the 3 years period.

₹ 34,014
Hyundai Alcazar price starts from ₹ 19,50,054 in Kharsia.

We have considered
Down-payement : ₹ 2,72,554
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,51,000

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 Alcazar starts from ₹ 19.50 Lakh, you can get a loan with an annual income as low as ₹ 6.51 lakh.

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

• 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.