Hyundai i10 [2010-2017] Car Loan EMI Calculator

₹ 7,738.
Here is how - Hyundai i10 [2010-2017] price starts from ₹ 3,81,630 in Chalisgaon. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,738.

Here is a model wise list of max loan amount for i10 [2010-2017].

Version	On-road price in Chalisgaon	Max Loan
Era 1.1 iRDE2 [2010-2017]	₹ 4,98,353	₹ 4,37,534
Magna 1.1 iRDE2 [2010-2017]	₹ 5,25,316	₹ 4,61,505
Sportz 1.1 LPG [2010-2017]	₹ 5,72,444	₹ 5,20,579
Sportz 1.1 iRDE2 [2010--2017]	₹ 5,59,122	₹ 4,91,558

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 [2010-2017] D-Lite 1.1 iRDE2 will be ₹ 5,948 but you will have to pay interest of ₹ 1,18,002 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 ₹ 11,959, but your interest payment will be only ₹ 48,894 over the 3 years period.

₹ 7,738
Hyundai i10 [2010-2017] price starts from ₹ 3,81,630 in Chalisgaon.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i10 [2010-2017] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,28,000

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 [2010-2017] starts from ₹ 3.82 Lakh, you can get a loan with an annual income as low as ₹ 1.28 lakh.

Here are the most important things you should consider while getting a car loan for a new i10 [2010-2017]

• 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.