Hyundai Creta Electric Car Loan EMI Calculator

₹ 36,477.
Here is how - Hyundai Creta Electric price starts from ₹ 19,06,985 in Mumbai. If you pay a down payment of ₹ 1,07,985 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 36,477.

The cheapest Creta Electric model is Executive 42KWh which is priced at ₹ 19,06,985 in Mumbai. You will need to pay at least a ₹ 1,07,985 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 Creta Electric.

Version	On-road price in Mumbai	Max Loan
Smart 42KWh	₹ 20,12,007	₹ 18,99,900
Executive 42KWh	₹ 19,06,985	₹ 17,99,000
Smart (O) 51.4KWh	₹ 22,72,219	₹ 21,49,900
Excellence 51.4KWh LR	₹ 24,80,389	₹ 23,49,900
Smart (O) 42KWh	₹ 20,64,049	₹ 19,49,900
Premium 42KWh	₹ 21,16,091	₹ 19,99,900
Smart (O) 42KWh Dual Tone / Matte	₹ 20,83,438	₹ 19,64,900
Premium 42KWh Dual Tone / Matte	₹ 21,35,778	₹ 20,14,900
Smart (O) 42 kWh (HC)	₹ 21,44,152	₹ 20,22,900
Smart (O) 42 kWh (HC) Dual Tone / Matte	₹ 21,59,854	₹ 20,37,900
Premium 42 kWh (HC)	₹ 21,96,492	₹ 20,72,900
Premium 42 kWh (HC) Dual Tone	₹ 22,12,195	₹ 20,87,900
Smart (O) 51.4 kWh LR Dual Tone / Matte	₹ 22,92,798	₹ 21,64,900
Smart (O) 51.4 kWh LR (HC)	₹ 23,53,513	₹ 22,22,900
Smart (O) 51.4 kWh LR (HC) Dual Tone / Matte	₹ 23,69,215	₹ 22,37,900
Excellence 51.4 kWh LR Dual Tone / Matte	₹ 25,02,159	₹ 23,64,900
Excellence 51.4 kWh LR (HC)	₹ 25,62,873	₹ 24,22,900
Excellence 51.4 kWh LR (HC) Dual Tone / Matte	₹ 25,78,575	₹ 24,37,900

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 Creta Electric Executive 42KWh will be ₹ 29,723 but you will have to pay interest of ₹ 6,97,732 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 ₹ 59,758, but your interest payment will be only ₹ 3,52,288 over the 3 years period.

₹ 36,477
Hyundai Creta Electric price starts from ₹ 19,06,985 in Mumbai.

We have considered
Down-payement : ₹ 1,07,985
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,36,000

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 Creta Electric starts from ₹ 19.07 Lakh, you can get a loan with an annual income as low as ₹ 6.36 lakh.

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

• 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.