Hyundai Grand i10 Nios Car Loan EMI Calculator

₹ 11,349.
Here is how - Hyundai Grand i10 Nios price starts from ₹ 6,67,627 in Mumbai. If you pay a down payment of ₹ 1,07,927 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,349.

The cheapest Grand i10 Nios model is Era Petrol Manual which is priced at ₹ 6,67,627 in Mumbai. You will need to pay at least a ₹ 1,07,927 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
Era Petrol Manual	₹ 6,67,627	₹ 5,59,700
Magna Petrol Manual	₹ 7,52,405	₹ 6,32,700
Sportz Petrol Manual	₹ 8,16,859	₹ 6,88,200
Sportz Petrol Automatic	₹ 8,77,248	₹ 7,40,200
Sportz CNG Manual	₹ 8,96,895	₹ 7,76,700
Magna CNG Manual	₹ 8,40,297	₹ 7,26,700
Corporate Petrol Manual	₹ 7,79,116	₹ 6,55,700
Sportz (O) Petrol Manual	₹ 8,45,893	₹ 7,13,200
Corporate Petrol Automatic	₹ 8,49,957	₹ 7,16,700
Sportz (O) Petrol Automatic	₹ 9,08,605	₹ 7,67,200
Sportz (O) Vibe Petrol Automatic	₹ 9,17,778	₹ 7,75,100
Sportz Vibe Petrol Manual	₹ 8,43,453	₹ 7,11,100
Sportz Vibe Petrol Automatic	₹ 9,03,844	₹ 7,63,100
Asta Petrol Manual	₹ 8,91,417	₹ 7,52,400
Asta Petrol Automatic	₹ 9,51,690	₹ 8,04,300

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 ₹ 10,406 but you will have to pay interest of ₹ 3,14,404 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 ₹ 20,921, but your interest payment will be only ₹ 1,93,456 over the 3 years period.

₹ 11,349
Hyundai Grand i10 Nios price starts from ₹ 6,67,627 in Mumbai.

We have considered
Down-payement : ₹ 1,07,927
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 ₹ 2,23,000

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 ₹ 6.68 Lakh, you can get a loan with an annual income as low as ₹ 2.23 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.