Hyundai Creta Car Loan EMI Calculator

₹ 21,878.
Here is how - Hyundai Creta price starts from ₹ 12,82,325 in Mumbai. If you pay a down payment of ₹ 2,03,325 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,878.

The cheapest Creta model is E Petrol 1.5L Manual which is priced at ₹ 12,82,325 in Mumbai. You will need to pay at least a ₹ 2,03,325 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 Petrol 1.5L Manual	₹ 12,82,325	₹ 10,79,000
S (O) Petrol 1.5L Automatic (CVT)	₹ 18,56,447	₹ 15,64,900
S (O) Diesel 1.5L Turbo Automatic (TC)	₹ 20,79,897	₹ 17,25,900
S (O) Petrol 1.5L Manual	₹ 16,82,833	₹ 14,19,900
SX Petrol 1.5L Manual	₹ 17,84,775	₹ 15,03,600
SX Petrol 1.5L Manual Dual Tone	₹ 18,02,313	₹ 15,18,600
EX Diesel 1.5L Turbo Manual	₹ 16,26,740	₹ 13,49,000
S (O) Diesel 1.5L Turbo Manual	₹ 19,07,405	₹ 15,80,900
EX Petrol 1.5L Manual	₹ 14,19,407	₹ 11,96,000
S (O) Knight Petrol 1.5L Manual Knight Edition	₹ 17,04,464	₹ 14,38,400
S (O) Knight Diesel 1.5L Turbo Manual Knight Edition	₹ 19,29,413	₹ 15,99,400
EX (O) Petrol 1.5L Manual	₹ 15,58,313	₹ 13,13,400
EX (O) Diesel 1.5L Turbo Manual	₹ 17,70,685	₹ 14,69,400
EX (O) Petrol 1.5L Automatic (CVT)	₹ 17,16,740	₹ 14,48,900
EX (O) Diesel 1.5L Turbo Automatic (TC)	₹ 19,35,361	₹ 16,04,400
SX Petrol 1.5L Manual Premium	₹ 19,36,538	₹ 16,33,400
SX Petrol 1.5L Manual Dual Tone Premium	₹ 19,54,076	₹ 16,48,400
King Edition Petrol 1.5L Manual	₹ 20,41,554	₹ 17,27,000
King Edition Petrol 1.5L Automatic (CVT)	₹ 22,06,756	₹ 18,68,000
King Edition Petrol 1.5L Automatic (DCT)	₹ 23,50,283	₹ 19,90,500
King Knight Edition Petrol 1.5L Automatic (CVT)	₹ 22,23,746	₹ 18,82,500
King Edition Petrol 1.5L Manual Dual Tone	₹ 20,58,544	₹ 17,41,500
King Edition Petrol 1.5L Automatic (CVT) Dual Tone	₹ 22,23,746	₹ 18,82,500
King Edition Diesel 1.5L Turbo Manual Dual Tone	₹ 22,80,464	₹ 18,94,500
King Knight Edition Petrol 1.5L Automatic (CVT) Dual Tone	₹ 22,40,734	₹ 18,97,000
King Edition Diesel 1.5L Turbo Automatic (TC) Dual Tone	₹ 23,86,932	₹ 19,86,500
EX Petrol 1.5L Manual Summer Edition	₹ 14,32,624	₹ 12,05,900
EX (O) Petrol 1.5L Manual Summer Edition	₹ 15,58,313	₹ 13,13,400
EX Diesel 1.5L Turbo Manual Summer Edition	₹ 16,42,802	₹ 13,61,900
EX (O) Diesel 1.5L Turbo Manual Summer Edition	₹ 17,70,685	₹ 14,69,400
EX (O) Petrol 1.5L Automatic (CVT) Summer Edition	₹ 17,16,740	₹ 14,48,900
EX (O) Diesel 1.5L Turbo Automatic (TC) Summer Edition	₹ 19,35,361	₹ 16,04,400
S (O) Petrol 1.5L Automatic (CVT) Summer Edition	₹ 18,56,447	₹ 15,64,900
S (O) Petrol 1.5L Manual Summer Edition	₹ 16,82,833	₹ 14,19,900
S (O) Diesel 1.5L Turbo Manual Summer Edition	₹ 19,07,405	₹ 15,80,900
S (O) Diesel 1.5L Turbo Automatic (TC) Summer Edition	₹ 20,79,897	₹ 17,25,900
SX Petrol 1.5L Manual Summer Edition	₹ 17,84,775	₹ 15,03,600
S (O) Knight Petrol 1.5L Manual Summer Edition	₹ 17,04,464	₹ 14,38,400
SX Premium Petrol 1.5L Manual Summer Edition	₹ 19,36,538	₹ 16,33,400
S (O) Knight Diesel 1.5L Turbo Manual Summer Edition	₹ 19,29,413	₹ 15,99,400
SX Premium Diesel 1.5L Turbo Manual Summer Edition	₹ 21,54,842	₹ 17,88,900
SX Premium Petrol 1.5L Automatic (CVT) Summer Edition	₹ 21,05,487	₹ 17,77,900

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 E Petrol 1.5L Manual will be ₹ 19,987 but you will have to pay interest of ₹ 5,99,908 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 ₹ 40,183, but your interest payment will be only ₹ 3,67,588 over the 3 years period.

₹ 21,878
Hyundai Creta price starts from ₹ 12,82,325 in Mumbai.

We have considered
Down-payement : ₹ 2,03,325
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 ₹ 4,28,000

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 ₹ 12.82 Lakh, you can get a loan with an annual income as low as ₹ 4.28 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.