Hyundai Grand i10 Nios Car Loan EMI Calculator

₹ 12,131.
Here is how - Hyundai Grand i10 Nios price starts from ₹ 7,04,656 in Mumbai. If you pay a down payment of ₹ 1,06,356 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,131.

The cheapest Grand i10 Nios model is Era 1.2 Kappa which is priced at ₹ 7,04,656 in Mumbai. You will need to pay at least a ₹ 1,06,356 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 1.2 Kappa	₹ 9,42,432	₹ 8,05,500
Asta 1.2 Kappa AMT	₹ 10,07,613	₹ 8,62,300
Era 1.2 Kappa	₹ 7,04,656	₹ 5,98,300
Magna 1.2 Kappa	₹ 8,03,232	₹ 6,84,200
Sportz 1.2 Kappa VTVT	₹ 8,70,020	₹ 7,42,400
Magna 1.2 Kappa AMT	₹ 8,77,480	₹ 7,48,900
Sportz 1.2 Kappa Dual Tone	₹ 8,98,136	₹ 7,66,900
Sportz 1.2 Kappa AMT	₹ 9,35,202	₹ 7,99,200
Sportz 1.2 Kappa CNG	₹ 9,37,261	₹ 8,29,700
Magna 1.2 Hy-CNG Duo	₹ 8,86,089	₹ 7,83,500
Sportz 1.2 Hy-CNG Duo	₹ 9,46,674	₹ 8,38,200
Corporate 1.2 Kappa	₹ 8,35,881	₹ 7,09,100
Sportz (O) 1.2 Kappa VTVT	₹ 9,08,498	₹ 7,72,300
Corporate 1.2 Kappa AMT	₹ 9,10,221	₹ 7,73,800
Sportz (O) 1.2 Kappa AMT	₹ 9,76,821	₹ 8,29,100

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 1.2 Kappa will be ₹ 10,983 but you will have to pay interest of ₹ 3,24,272 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 ₹ 22,081, but your interest payment will be only ₹ 1,96,616 over the 3 years period.

₹ 12,131
Hyundai Grand i10 Nios price starts from ₹ 7,04,656 in Mumbai.

We have considered
Down-payement : ₹ 1,06,356
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 ₹ 2,35,000

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 ₹ 7.05 Lakh, you can get a loan with an annual income as low as ₹ 2.35 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.