Hyundai Aura Car Loan EMI Calculator

₹ 13,263.
Here is how - Hyundai Aura price starts from ₹ 7,68,690 in Mumbai. If you pay a down payment of ₹ 1,14,590 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,263.

The cheapest Aura model is E 1.2 Petrol which is priced at ₹ 7,68,690 in Mumbai. You will need to pay at least a ₹ 1,14,590 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 Aura.

Version	On-road price in Mumbai	Max Loan
E 1.2 Petrol	₹ 7,68,690	₹ 6,54,100
S 1.2 Petrol	₹ 8,65,201	₹ 7,38,200
SX 1.2 Petrol	₹ 9,52,989	₹ 8,14,700
S 1.2 CNG	₹ 9,45,346	₹ 8,37,000
SX (O) 1.2 Petrol	₹ 10,17,827	₹ 8,71,200
SX Plus 1.2 AMT Petrol	₹ 10,45,025	₹ 8,94,900
SX 1.2 CNG	₹ 10,27,309	₹ 9,11,000
E 1.2 CNG	₹ 8,54,301	₹ 7,54,800
Corporate 1.2 MT	₹ 8,80,795	₹ 7,48,190
Corporate 1.2 CNG	₹ 9,62,818	₹ 8,46,990

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 Aura E 1.2 Petrol will be ₹ 11,981 but you will have to pay interest of ₹ 3,52,304 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 ₹ 24,088, but your interest payment will be only ₹ 2,13,068 over the 3 years period.

₹ 13,263
Hyundai Aura price starts from ₹ 7,68,690 in Mumbai.

We have considered
Down-payement : ₹ 1,14,590
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,57,000

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 Aura starts from ₹ 7.69 Lakh, you can get a loan with an annual income as low as ₹ 2.57 lakh.

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

• 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.