Hyundai Grand i10 Nios Car Loan EMI Calculator

₹ 11,626.
Here is how - Hyundai Grand i10 Nios price starts from ₹ 6,78,537 in Mumbai. If you pay a down payment of ₹ 1,05,137 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,626.

The cheapest Grand i10 Nios model is Era 1.2 Kappa VTVT which is priced at ₹ 6,78,537 in Mumbai. You will need to pay at least a ₹ 1,05,137 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 VTVT	₹ 9,32,379	₹ 7,94,600
Asta AMT 1.2 Kappa VTVT	₹ 9,97,562	₹ 8,51,400
Magna 1.2 Kappa VTVT CNG	₹ 8,61,030	₹ 7,57,900
Era 1.2 Kappa VTVT	₹ 6,78,537	₹ 5,73,400
Magna 1.2 Kappa VTVT	₹ 7,81,245	₹ 6,62,900
Sportz 1.2 Kappa VTVT	₹ 8,51,224	₹ 7,21,800
Magna AMT 1.2 Kappa VTVT	₹ 8,55,492	₹ 7,27,600
Sportz AMT 1.2 Kappa VTVT	₹ 9,14,018	₹ 7,78,600
Sportz 1.2 Kappa VTVT CNG	₹ 9,25,484	₹ 8,13,300
Sportz 1.2 Kappa VTVT Dual Tone	₹ 8,76,952	₹ 7,46,300
Sportz Executive 1.2 Kappa VTVT	₹ 8,44,819	₹ 7,18,300
Sportz Executive AMT 1.2 Kappa VTVT	₹ 9,10,001	₹ 7,75,100

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 VTVT will be ₹ 10,576 but you will have to pay interest of ₹ 3,14,984 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 ₹ 21,263, but your interest payment will be only ₹ 1,92,068 over the 3 years period.

₹ 11,626
Hyundai Grand i10 Nios price starts from ₹ 6,78,537 in Mumbai.

We have considered
Down-payement : ₹ 1,05,137
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 ₹ 2,27,000

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 ₹ 6.79 Lakh, you can get a loan with an annual income as low as ₹ 2.27 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.