Hyundai Creta Car Loan EMI Calculator

₹ 21,982.
Here is how - Hyundai Creta price starts from ₹ 12,85,451 in Mumbai. If you pay a down payment of ₹ 2,01,351 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,982.

The cheapest Creta model is E 1.5 Petrol which is priced at ₹ 12,85,451 in Mumbai. You will need to pay at least a ₹ 2,01,351 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.

Version	On-road price in Mumbai	Max Loan
E 1.5 Petrol	₹ 12,85,451	₹ 10,84,100
EX 1.5 Petrol	₹ 13,95,474	₹ 11,78,300
S 1.5 Petrol	₹ 15,41,119	₹ 13,03,000
S Plus 1.5 Petrol Knight Dual Tone	₹ 16,46,821	₹ 13,93,500
S Plus 1.5 Petrol Knight	₹ 16,46,821	₹ 13,93,500
SX 1.5 Petrol Executive	₹ 16,53,829	₹ 13,99,500
SX 1.5 Petrol	₹ 17,45,748	₹ 14,78,200
S Plus 1.4 Turbo DCT Dual Tone	₹ 18,74,901	₹ 15,79,400
S Plus 1.4 Turbo DCT	₹ 18,74,901	₹ 15,79,400
SX 1.5 Petrol CVT	₹ 19,18,258	₹ 16,25,900
SX (O) 1.5 Petrol CVT Knight Dual Tone	₹ 20,78,969	₹ 17,63,500
SX (O) 1.5 Petrol CVT	₹ 20,59,231	₹ 17,46,600
SX (O) 1.5 Petrol CVT Knight	₹ 20,78,969	₹ 17,63,500
SX (O) 1.4 Turbo 7 DCT	₹ 21,73,047	₹ 18,34,400
SX (O) 1.4 Turbo 7 DCT Dual Tone	₹ 21,73,047	₹ 18,34,400
E 1.5 Diesel	₹ 14,32,950	₹ 11,89,200
EX 1.5 Diesel	₹ 15,84,994	₹ 13,17,100
S 1.5 Diesel	₹ 17,36,801	₹ 14,44,800
S Plus 1.5 Diesel Knight Dual Tone	₹ 18,50,330	₹ 15,40,300
S Plus 1.5 Diesel Knight	₹ 18,50,330	₹ 15,40,300
SX 1.5 Diesel Executive	₹ 18,53,896	₹ 15,43,300
SX 1.5 Diesel	₹ 19,51,019	₹ 16,25,000
SX (O) 1.5 Diesel	₹ 21,02,826	₹ 17,52,700
SX (O) 1.5 Diesel Automatic	₹ 22,70,088	₹ 18,93,400
SX (O) 1.5 Diesel Automatic knight	₹ 22,93,744	₹ 19,13,300
SX (O) 1.5 Diesel Automatic knight Dual Tone	₹ 22,93,744	₹ 19,13,300

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 Creta E 1.5 Petrol will be ₹ 20,035 but you will have to pay interest of ₹ 5,98,840 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 ₹ 40,281, but your interest payment will be only ₹ 3,66,016 over the 3 years period.

₹ 21,982
Hyundai Creta price starts from ₹ 12,85,451 in Mumbai.

We have considered
Down-payement : ₹ 2,01,351
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,29,000

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 starts from ₹ 12.85 Lakh, you can get a loan with an annual income as low as ₹ 4.29 lakh.

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

• 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.