Hyundai Grand i10 Car Loan EMI Calculator

₹ 10,097.
Here is how - Hyundai Grand i10 price starts from ₹ 5,93,043 in Mumbai. If you pay a down payment of ₹ 95,099 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,097.

The cheapest Grand i10 model is Era 1.2 Kappa VTVT which is priced at ₹ 5,93,043 in Mumbai. You will need to pay at least a ₹ 95,099 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.

Version	On-road price in Mumbai	Max Loan
Era 1.2 Kappa VTVT	₹ 5,93,043	₹ 4,97,944
Magna 1.2 Kappa VTVT [2017-2020]	₹ 6,90,633	₹ 5,88,809
Magna AT 1.2 Kappa VTVT	₹ 7,66,931	₹ 6,55,690
Sportz 1.2 Kappa VTVT [2017-2020]	₹ 7,26,942	₹ 6,20,637
Sportz (O) 1.2 Kappa VTVT [2017-2018]	₹ 6,94,041	₹ 5,99,327
Sportz (O) AT 1.2 Kappa VTVT [2017-2018]	₹ 8,36,640	₹ 7,09,982
Asta 1.2 Kappa VTVT	₹ 7,84,683	₹ 6,65,929
Era U2 1.2 CRDi	₹ 7,41,761	₹ 6,17,266
Magna U2 1.2 CRDi	₹ 8,06,727	₹ 6,73,213
Sportz U2 1.2 CRDi	₹ 8,68,331	₹ 7,28,830
Sportz (O) U2 1.2 CRDi [2017-2018]	₹ 8,22,890	₹ 6,99,688
Asta U2 1.2 CRDi	₹ 9,12,046	₹ 7,63,911
Sportz 1.2 Kappa VTVT Dual Tone	₹ 7,49,645	₹ 6,40,537
Sportz U2 1.2 CRDi Dual Tone	₹ 8,88,486	₹ 7,43,621
Sportz AT 1.2 Kappa VTVT	₹ 8,28,869	₹ 7,09,982
Magna 1.2 Kappa VTVT CNG [2019-2020]	₹ 7,61,131	₹ 6,55,833
Magna 1.2 Kappa VTVT	₹ 7,07,284	₹ 6,05,509
Sportz 1.2 Kappa VTVT	₹ 7,43,620	₹ 6,37,337
Magna 1.2 Kappa VTVT CNG	₹ 7,43,808	₹ 6,55,833

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 Era 1.2 Kappa VTVT will be ₹ 9,243 but you will have to pay interest of ₹ 2,78,468 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 ₹ 18,584, but your interest payment will be only ₹ 1,71,080 over the 3 years period.

₹ 10,097
Hyundai Grand i10 price starts from ₹ 5,93,043 in Mumbai.

We have considered
Down-payement : ₹ 95,099
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,98,000

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 starts from ₹ 5.93 Lakh, you can get a loan with an annual income as low as ₹ 1.98 lakh.

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

• 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.