Hyundai i20 [2010-2012] Car Loan EMI Calculator

₹ 10,298.
Here is how - Hyundai i20 [2010-2012] price starts from ₹ 5,77,384 in Mumbai. If you pay a down payment of ₹ 69,499 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,298.

The cheapest i20 [2010-2012] model is Era 1.2 BS-IV which is priced at ₹ 5,77,384 in Mumbai. You will need to pay at least a ₹ 69,499 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 i20 [2010-2012].

Version	On-road price in Mumbai	Max Loan
Era 1.2 BS-IV	₹ 5,77,384	₹ 5,07,885
Asta 1.4 CRDI with AVN 6 Speed	₹ 8,85,495	₹ 7,95,909
Asta 1.2 with AVN	₹ 7,48,686	₹ 6,72,101
Asta 1.4 AT with AVN	₹ 9,62,385	₹ 8,62,778
Era 1.4 CRDI	₹ 7,34,567	₹ 6,36,291
Magna 1.4 CRDI	₹ 7,63,236	₹ 6,61,329
Sportz 1.4 CRDI	₹ 8,66,717	₹ 7,51,705
Asta 1.4 CRDI	₹ 9,21,698	₹ 7,99,723
Asta 1.4 CRDI with AVN	₹ 8,85,495	₹ 7,95,909

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 i20 [2010-2012] Era 1.2 BS-IV will be ₹ 8,999 but you will have to pay interest of ₹ 2,48,031 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 ₹ 18,093, but your interest payment will be only ₹ 1,43,463 over the 3 years period.

₹ 10,298
Hyundai i20 [2010-2012] price starts from ₹ 5,77,384 in Mumbai.

We have considered
Down-payement : ₹ 69,499
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 [2010-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,93,000

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 i20 [2010-2012] starts from ₹ 5.77 Lakh, you can get a loan with an annual income as low as ₹ 1.93 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 [2010-2012]

• 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.