Hyundai Exter Car Loan EMI Calculator

₹ 12,425.
Here is how - Hyundai Exter price starts from ₹ 7,21,865 in Mumbai. If you pay a down payment of ₹ 1,09,065 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,425.

The cheapest Exter model is EX 1.2 MT which is priced at ₹ 7,21,865 in Mumbai. You will need to pay at least a ₹ 1,09,065 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 Exter.

Version	On-road price in Mumbai	Max Loan
EX 1.2 MT	₹ 7,21,865	₹ 6,12,800
EX (O) 1.2 MT	₹ 7,62,605	₹ 6,48,300
S 1.2 MT	₹ 8,79,657	₹ 7,50,300
S (O) 1.2 MT	₹ 8,96,871	₹ 7,65,300
SX 1.2 MT	₹ 9,63,429	₹ 8,23,300
SX 1.2 MT Dual Tone	₹ 9,90,970	₹ 8,47,300
SX (O) 1.2 MT	₹ 10,36,872	₹ 8,87,300
SX (O) Connect 1.2 MT	₹ 11,15,596	₹ 9,55,900
S 1.2 AMT	₹ 9,62,970	₹ 8,22,900
SX 1.2 AMT	₹ 10,40,315	₹ 8,90,300
SX 1.2 AMT Dual Tone	₹ 10,69,005	₹ 9,15,300
SX (O) Connect 1.2 AMT	₹ 11,66,203	₹ 9,99,999
SX (O) 1.2 AMT	₹ 11,13,760	₹ 9,54,300
S 1.2 CNG MT	₹ 9,52,894	₹ 8,43,300
SX 1.2 CNG MT	₹ 10,33,750	₹ 9,16,300
SX (O) Connect 1.2 MT Dual Tone	₹ 11,32,810	₹ 9,70,900
SX (O) Connect 1.2 AMT Dual Tone	₹ 12,19,194	₹ 10,27,900

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 Exter EX 1.2 MT will be ₹ 11,251 but you will have to pay interest of ₹ 3,32,284 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 ₹ 22,621, but your interest payment will be only ₹ 2,01,556 over the 3 years period.

₹ 12,425
Hyundai Exter price starts from ₹ 7,21,865 in Mumbai.

We have considered
Down-payement : ₹ 1,09,065
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,41,000

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 Exter starts from ₹ 7.22 Lakh, you can get a loan with an annual income as low as ₹ 2.41 lakh.

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

• 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.