Hyundai Alcazar Car Loan EMI Calculator

₹ 34,014.
Here is how - Hyundai Alcazar price starts from ₹ 19,79,794 in Mumbai. If you pay a down payment of ₹ 3,02,294 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 ₹ 19,79,794 in Mumbai. You will need to pay at least a ₹ 3,02,294 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 Mumbai	Max Loan
Platinum 7 STR 1.5 Diesel	₹ 23,55,163	₹ 19,63,899
Signature 6 STR 1.5 Diesel	₹ 24,34,237	₹ 20,12,800
Signature 6 STR 1.5 Diesel Dual Tone	₹ 24,52,223	₹ 20,27,799
Platinum (O) 6 STR 1.5 Diesel AT	₹ 25,10,505	₹ 20,76,400
Platinum (O) 7 Seater 1.5 Diesel AT	₹ 25,10,505	₹ 20,76,400
Signature (O) 6 STR 1.5 Diesel AT	₹ 25,23,934	₹ 20,87,599
Signature (O) 7 Seater 1.5 Diesel AT	₹ 25,23,934	₹ 20,87,599
Signature (O) 6 STR 1.5 Diesel AT Dual Tone	₹ 25,53,916	₹ 21,12,600
Prestige 7 STR 1.5 Diesel	₹ 21,28,584	₹ 17,73,300
Prestige (O) 7 STR 1.5 Diesel AT	₹ 23,02,978	₹ 19,20,000
Signature (O) 6 STR 1.5 Petrol DCT	₹ 24,09,912	₹ 20,27,700
Signature (O) 6 STR 1.5 Petrol DCT Dual Tone	₹ 24,15,684	₹ 20,32,599
Signature (O) 7 STR 1.5 Petrol DCT	₹ 24,09,912	₹ 20,27,700
Platinum 7 STR 1.5 Turbo Petrol	₹ 22,01,941	₹ 18,67,700
Prestige 7 STR 1.5 Turbo Petrol	₹ 19,79,794	₹ 16,77,500
Platinum (O) 7 STR 1.5 Petrol DCT	₹ 23,54,827	₹ 19,98,599
Platinum (O) 6 STR 1.5 Petrol DCT	₹ 23,54,827	₹ 19,98,599

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 ₹ 30,857 but you will have to pay interest of ₹ 9,14,488 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 ₹ 62,040, but your interest payment will be only ₹ 5,55,940 over the 3 years period.

₹ 34,014
Hyundai Alcazar price starts from ₹ 19,79,794 in Mumbai.

We have considered
Down-payement : ₹ 3,02,294
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 ₹ 6,60,000

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 ₹ 19.80 Lakh, you can get a loan with an annual income as low as ₹ 6.60 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.