Hyundai i10 [2007-2010] Car Loan EMI Calculator

₹ 7,526.
Here is how - Hyundai i10 [2007-2010] price starts from ₹ 4,15,140 in Mumbai. If you pay a down payment of ₹ 43,985 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,526.

The cheapest i10 [2007-2010] model is D-Lite which is priced at ₹ 4,15,140 in Mumbai. You will need to pay at least a ₹ 43,985 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 i10 [2007-2010].

Version	On-road price in Mumbai	Max Loan
D-Lite	₹ 4,15,140	₹ 3,71,155
Era	₹ 4,53,748	₹ 4,06,317
Magna	₹ 4,70,457	₹ 4,21,535
Magna (O)	₹ 5,38,868	₹ 4,86,646
Magna (O) with Sunroof	₹ 5,57,854	₹ 5,02,570
Asta 1.2	₹ 6,42,717	₹ 5,68,072
Magna 1.2	₹ 4,90,023	₹ 4,39,354
Sportz 1.2	₹ 5,54,764	₹ 4,89,402
Asta 1.2 with Sunroof	₹ 6,00,056	₹ 5,39,565
Asta 1.2 AT with Sunroof	₹ 6,92,432	₹ 6,23,696
Magna 1.2 AT	₹ 5,34,920	₹ 4,80,244
Sportz 1.2 AT	₹ 5,88,928	₹ 5,29,431

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 i10 [2007-2010] D-Lite will be ₹ 6,470 but you will have to pay interest of ₹ 1,72,325 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 ₹ 13,009, but your interest payment will be only ₹ 97,169 over the 3 years period.

₹ 7,526
Hyundai i10 [2007-2010] price starts from ₹ 4,15,140 in Mumbai.

We have considered
Down-payement : ₹ 43,985
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i10 [2007-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,39,000

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 i10 [2007-2010] starts from ₹ 4.15 Lakh, you can get a loan with an annual income as low as ₹ 1.39 lakh.

Here are the most important things you should consider while getting a car loan for a new i10 [2007-2010]

• 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.