Hyundai Alcazar Car Loan EMI Calculator

₹ 29,415.
Here is how - Hyundai Alcazar price starts from ₹ 17,32,573 in Mumbai. If you pay a down payment of ₹ 2,81,873 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 29,415.

The cheapest Alcazar model is Executive Petrol 1.5L Turbo 6 Speed Manual 7 STR which is priced at ₹ 17,32,573 in Mumbai. You will need to pay at least a ₹ 2,81,873 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 Petrol 1.5L Turbo 6 Speed Manual 7 STR	₹ 22,59,156	₹ 18,96,300
Prestige Petrol 1.5L Turbo 6 Speed Manual 7 STR	₹ 19,99,174	₹ 16,76,300
Platinum Diesel 1.5L Turbo 6 Speed Manual 7 STR	₹ 22,98,615	₹ 18,96,300
Signature Petrol 1.5L Turbo Automatic (DCT) 7 STR Dual Tone	₹ 25,28,640	₹ 21,05,800
Signature Petrol 1.5L Turbo Automatic (DCT) 6 STR Dual Tone	₹ 25,50,935	₹ 21,24,800
Signature Diesel 1.5L Turbo Automatic (TC) 7 STR Dual Tone	₹ 25,72,457	₹ 21,05,800
Signature Diesel 1.5L Turbo Automatic (TC) 6 STR Dual Tone	₹ 25,95,148	₹ 21,24,800
Corporate Diesel 1.5L Turbo 6 Speed Manual 7 STR	₹ 21,09,815	₹ 17,39,300
Prestige Petrol 1.5L Turbo Automatic (DCT) 7 STR	₹ 21,49,255	₹ 18,03,300
Corporate Diesel 1.5L Turbo Automatic (TC) 7 STR	₹ 22,74,564	₹ 18,76,300
Executive Petrol 1.5L Turbo 6 Speed Manual 7 STR	₹ 17,32,573	₹ 14,50,700
Executive Diesel 1.5L Turbo 6 Speed Manual 7 STR	₹ 18,81,931	₹ 15,49,800
Signature Petrol 1.5L Turbo Automatic (DCT) 6 STR	₹ 25,33,053	₹ 21,09,800
Signature Petrol 1.5L Turbo Automatic (DCT) 7 STR	₹ 25,10,758	₹ 20,90,800
Signature Knight Petrol 1.5L Turbo Automatic (DCT) 7 STR	₹ 25,71,245	₹ 21,04,800
Signature Diesel 1.5L Turbo Automatic (TC) 6 STR	₹ 25,76,954	₹ 21,09,800
Signature Diesel 1.5L Turbo Automatic (TC) 7 STR	₹ 25,54,263	₹ 20,90,800
Signature Knight Diesel 1.5L Turbo Automatic (TC) 7 STR	₹ 25,27,448	₹ 21,04,800

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 Executive Petrol 1.5L Turbo 6 Speed Manual 7 STR will be ₹ 27,004 but you will have to pay interest of ₹ 8,17,636 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 ₹ 54,293, but your interest payment will be only ₹ 5,03,848 over the 3 years period.

₹ 29,415
Hyundai Alcazar price starts from ₹ 17,32,573 in Mumbai.

We have considered
Down-payement : ₹ 2,81,873
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 ₹ 5,78,000

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 ₹ 17.33 Lakh, you can get a loan with an annual income as low as ₹ 5.78 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.