Hyundai Grand i10 Nios Car Loan EMI Calculator

₹ 11,253.
Here is how - Hyundai Grand i10 Nios price starts from ₹ 6,57,319 in Mumbai. If you pay a down payment of ₹ 1,02,319 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,253.

The cheapest Grand i10 Nios model is Era Petrol Manual which is priced at ₹ 6,57,319 in Mumbai. You will need to pay at least a ₹ 1,02,319 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 Grand i10 Nios.

Version	On-road price in Mumbai	Max Loan
Asta Petrol Manual	₹ 8,69,580	₹ 7,39,735
Asta Petrol Automatic	₹ 9,29,278	₹ 7,91,692
Era Petrol Manual	₹ 6,57,319	₹ 5,55,000
Magna Petrol Manual	₹ 7,41,196	₹ 6,28,000
Sportz Petrol Manual	₹ 8,04,966	₹ 6,83,500
Magna Petrol Automatic	₹ 8,06,730	₹ 6,85,035
Sportz Petrol Manual Dual Tone	₹ 8,25,648	₹ 7,01,500
Sportz Petrol Automatic	₹ 8,64,714	₹ 7,35,500
Sportz CNG Manual	₹ 8,68,429	₹ 7,58,945
Magna CNG Manual	₹ 8,27,109	₹ 7,22,000
Sportz CNG Manual Duo	₹ 8,83,030	₹ 7,72,000
Corporate Petrol Manual	₹ 7,67,624	₹ 6,51,000
Sportz (O) Petrol Manual	₹ 8,33,691	₹ 7,08,500
Corporate Petrol Automatic	₹ 8,37,712	₹ 7,12,000
Sportz (O) Petrol Automatic	₹ 8,95,737	₹ 7,62,500

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 Grand i10 Nios Era Petrol Manual will be ₹ 10,245 but you will have to pay interest of ₹ 3,05,580 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 ₹ 20,598, but your interest payment will be only ₹ 1,86,528 over the 3 years period.

₹ 11,253
Hyundai Grand i10 Nios price starts from ₹ 6,57,319 in Mumbai.

We have considered
Down-payement : ₹ 1,02,319
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Grand i10 Nios with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,20,000

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 Grand i10 Nios starts from ₹ 6.57 Lakh, you can get a loan with an annual income as low as ₹ 2.20 lakh.

Here are the most important things you should consider while getting a car loan for a new Grand i10 Nios

• 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.