Hyundai Creta Electric Car Loan EMI Calculator

₹ 36,542.
Here is how - Hyundai Creta Electric price starts from ₹ 19,23,972 in Mumbai. If you pay a down payment of ₹ 1,21,772 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 36,542.

The cheapest Creta Electric model is Executive 42.0 kWh which is priced at ₹ 19,23,972 in Mumbai. You will need to pay at least a ₹ 1,21,772 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 42.0 kWh	₹ 20,26,416	₹ 18,99,900
Smart (O) 42.0 kWh	₹ 20,59,236	₹ 19,49,900
Smart (O) 42.0 kWh Dual Tone	₹ 20,74,938	₹ 19,64,900
Premium 42.0 kWh Dual Tone	₹ 21,47,141	₹ 20,14,900
Smart (O) 42.0 kWh (HC)	₹ 21,35,652	₹ 20,22,900
Smart (O) 42.0 kWh Dual Tone (HC)	₹ 21,51,354	₹ 20,37,900
Premium 42.0 kWh Dual Tone (HC)	₹ 22,23,546	₹ 20,87,900
Executive 42.0 kWh	₹ 19,23,972	₹ 18,02,200
Executive Tech 42.0 kWh	₹ 20,06,896	₹ 18,99,900
Premium 42.0 kWh	₹ 21,31,413	₹ 19,99,900
Premium 42.0 kWh (HC)	₹ 22,07,958	₹ 20,72,900
Excellence 42.0 kWh	₹ 22,67,726	₹ 21,29,900
Executive (O) LR 51.4 kWh	₹ 21,31,413	₹ 19,99,900
Smart (O) LR 51.4 kWh	₹ 22,92,052	₹ 21,53,100
Smart (O) LR 51.4 kWh (HC)	₹ 23,68,598	₹ 22,26,100
Excellence LR 51.4 kWh	₹ 25,15,921	₹ 23,66,600
Excellence LR 51.4 kWh (HC)	₹ 25,92,466	₹ 24,39,600
Excellence Knight Edition 42.0 kWh	₹ 22,83,349	₹ 21,44,800
Excellence Knight Edition 42.0 kWh (HC)	₹ 23,59,894	₹ 22,17,800
Excellence LR Knight Edition 51.4 kWh	₹ 25,31,544	₹ 23,81,500
Excellence LR Knight Edition 51.4 kWh (HC)	₹ 26,08,089	₹ 24,54,500
Excellence 42.0 kWh Dual Tone	₹ 22,83,454	₹ 21,44,900
Excellence Knight Edition 42.0 kWh Dual Tone	₹ 22,99,078	₹ 21,59,800
Smart (O) LR 51.4 kWh Dual Tone	₹ 22,84,298	₹ 21,64,900
Excellence 51.4 kWh Dual Tone	₹ 23,59,999	₹ 22,17,900
Excellence Knight Edition 42.0 kWh Dual Tone (HC)	₹ 23,75,623	₹ 22,32,800
Excellence LR 51.4 kWh Dual Tone	₹ 25,31,649	₹ 23,81,600
Excellence LR 51.4 kWh Dual Tone Knight Edition	₹ 25,47,273	₹ 23,96,500
Excellence LR 51.4 kWh Dual Tone (HC)	₹ 26,08,194	₹ 24,54,600
Excellence LR 51.4 kWh Dual Tone (HC) Knight Edition	₹ 26,23,818	₹ 24,69,500
Smart (O) LR 51.4 kWh Dual Tone (HC)	₹ 23,60,715	₹ 22,37,900

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 42.0 kWh will be ₹ 29,987 but you will have to pay interest of ₹ 7,16,708 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 ₹ 60,290, but your interest payment will be only ₹ 3,68,240 over the 3 years period.

₹ 36,542
Hyundai Creta Electric price starts from ₹ 19,23,972 in Mumbai.

We have considered
Down-payement : ₹ 1,21,772
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 ₹ 6,42,000

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 ₹ 19.24 Lakh, you can get a loan with an annual income as low as ₹ 6.42 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.