Hyundai Aura Car Loan EMI Calculator

₹ 12,825.
Here is how - Hyundai Aura price starts from ₹ 7,46,359 in Mumbai. If you pay a down payment of ₹ 1,13,859 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,825.

The cheapest Aura model is E 1.2 Petrol which is priced at ₹ 7,46,359 in Mumbai. You will need to pay at least a ₹ 1,13,859 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	₹ 7,46,359	₹ 6,32,500
S 1.2 Petrol	₹ 8,44,360	₹ 7,17,900
SX 1.2 Petrol	₹ 9,33,183	₹ 7,95,300
SX 1.2 (O) Petrol	₹ 10,08,348	₹ 8,60,800
SX Plus 1.2 AMT Petrol	₹ 10,25,217	₹ 8,75,499
S 1.2 CNG	₹ 9,25,041	₹ 8,12,900
SX 1.2 CNG	₹ 10,10,815	₹ 8,90,300

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 ₹ 11,633 but you will have to pay interest of ₹ 3,44,672 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 ₹ 23,388, but your interest payment will be only ₹ 2,09,468 over the 3 years period.

₹ 12,825
Hyundai Aura price starts from ₹ 7,46,359 in Mumbai.

We have considered
Down-payement : ₹ 1,13,859
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 ₹ 2,49,000

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 ₹ 7.46 Lakh, you can get a loan with an annual income as low as ₹ 2.49 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.