Hyundai Creta N Line Car Loan EMI Calculator

₹ 34,111.
Here is how - Hyundai Creta N Line price starts from ₹ 19,95,212 in Mumbai. If you pay a down payment of ₹ 3,12,912 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 34,111.

The cheapest Creta N Line model is N8 1.5 Turbo MT which is priced at ₹ 19,95,212 in Mumbai. You will need to pay at least a ₹ 3,12,912 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 N Line.

Version	On-road price in Mumbai	Max Loan
N10 1.5 Turbo DCT	₹ 24,22,331	₹ 20,29,900
N10 1.5 Turbo DCT Dual Tone	₹ 24,40,022	₹ 20,44,900
N10 1.5 Turbo MT	₹ 22,89,851	₹ 19,34,300
N10 1.5 Turbo MT Dual Tone	₹ 23,07,389	₹ 19,49,300
N8 1.5 Turbo DCT	₹ 21,70,592	₹ 18,32,300
N8 1.5 Turbo DCT Dual Tone	₹ 21,88,130	₹ 18,47,300
N8 1.5 Turbo MT	₹ 19,95,212	₹ 16,82,300
N8 1.5 Turbo MT Dual Tone	₹ 20,12,750	₹ 16,97,300
N8 1.5 Turbo MT Titan Grey Matte	₹ 20,01,058	₹ 16,87,300
N8 1.5 Turbo DCT Titan Grey Matte	₹ 21,76,438	₹ 18,37,300
N10 1.5 Turbo MT Titan Grey Matte	₹ 22,95,697	₹ 19,39,300
N10 1.5 Turbo DCT Titan Grey Matte	₹ 24,28,228	₹ 20,34,900

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 N Line N8 1.5 Turbo MT will be ₹ 31,098 but you will have to pay interest of ₹ 9,29,932 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 ₹ 62,523, but your interest payment will be only ₹ 5,68,528 over the 3 years period.

₹ 34,111
Hyundai Creta N Line price starts from ₹ 19,95,212 in Mumbai.

We have considered
Down-payement : ₹ 3,12,912
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,66,000

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 N Line starts from ₹ 19.95 Lakh, you can get a loan with an annual income as low as ₹ 6.66 lakh.

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

• 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.