Hyundai i20 [2012-2014] Car Loan EMI Calculator

₹ 10,001.
Here is how - Hyundai i20 [2012-2014] price starts from ₹ 5,41,678 in Asansol. If you pay a down payment of ₹ 48,422 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,001.

The cheapest i20 [2012-2014] model is Era 1.2 which is priced at ₹ 5,41,678 in Asansol. You will need to pay at least a ₹ 48,422 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 [2012-2014].

Version	On-road price in Asansol	Max Loan
Era 1.2	₹ 5,41,678	₹ 4,93,256
Magna 1.2	₹ 6,01,314	₹ 5,46,639
Magna (O) 1.2	₹ 6,01,314	₹ 5,46,639
Sportz 1.2	₹ 6,61,887	₹ 6,02,261
Asta 1.2	₹ 7,11,297	₹ 6,47,631
Asta (O) 1.2	₹ 7,59,619	₹ 6,92,003
Sportz (AT) 1.4	₹ 8,73,902	₹ 7,96,944
Era 1.4 CRDI	₹ 6,79,313	₹ 6,18,262
Magna 1.4 CRDI	₹ 7,37,434	₹ 6,71,632
Magna (O) 1.4 CRDI	₹ 7,37,434	₹ 6,71,632
Sportz 1.4 CRDI	₹ 7,98,026	₹ 7,27,270
Asta 1.4 CRDI	₹ 8,47,471	₹ 7,72,674

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 [2012-2014] Era 1.2 will be ₹ 8,443 but you will have to pay interest of ₹ 2,15,956 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 ₹ 16,974, but your interest payment will be only ₹ 1,17,808 over the 3 years period.

₹ 10,001
Hyundai i20 [2012-2014] price starts from ₹ 5,41,678 in Asansol.

We have considered
Down-payement : ₹ 48,422
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 [2012-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,81,000

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 [2012-2014] starts from ₹ 5.42 Lakh, you can get a loan with an annual income as low as ₹ 1.81 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 [2012-2014]

• 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.