Hyundai Accent [2003-2009] Car Loan EMI Calculator

₹ 10,638.
Here is how - Hyundai Accent [2003-2009] price starts from ₹ 5,82,838 in Mumbai. If you pay a down payment of ₹ 58,186 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,638.

The cheapest Accent [2003-2009] model is GLE which is priced at ₹ 5,82,838 in Mumbai. You will need to pay at least a ₹ 58,186 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 Accent [2003-2009].

Version	On-road price in Mumbai	Max Loan
CRDi	₹ 7,97,230	₹ 7,16,007
GLS 1.6 ABS	₹ 6,95,578	₹ 6,25,869
GLS 1.6	₹ 6,74,618	₹ 6,04,029
GLE	₹ 5,82,838	₹ 5,24,652

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 Accent [2003-2009] GLE will be ₹ 9,084 but you will have to pay interest of ₹ 2,38,404 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 ₹ 18,264, but your interest payment will be only ₹ 1,32,852 over the 3 years period.

₹ 10,638
Hyundai Accent [2003-2009] price starts from ₹ 5,82,838 in Mumbai.

We have considered
Down-payement : ₹ 58,186
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Accent [2003-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,95,000

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 Accent [2003-2009] starts from ₹ 5.83 Lakh, you can get a loan with an annual income as low as ₹ 1.95 lakh.

Here are the most important things you should consider while getting a car loan for a new Accent [2003-2009]

• 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.