Hyundai i20 [2012-2014] Car Loan EMI Calculator

₹ 9,854.
Here is how - Hyundai i20 [2012-2014] price starts from ₹ 5,83,806 in Bangalore. If you pay a down payment of ₹ 97,825 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,854.

The cheapest i20 [2012-2014] model is Era 1.2 which is priced at ₹ 5,83,806 in Bangalore. You will need to pay at least a ₹ 97,825 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 Bangalore	Max Loan
Era 1.2	₹ 5,83,806	₹ 4,85,981
Magna 1.2	₹ 6,56,481	₹ 5,38,867
Magna (O) 1.2	₹ 6,52,158	₹ 5,38,867
Sportz 1.2	₹ 7,17,746	₹ 5,93,962
Asta 1.2	₹ 7,71,246	₹ 6,38,903
Asta (O) 1.2	₹ 8,23,572	₹ 6,82,859
Sportz (AT) 1.4	₹ 9,47,376	₹ 7,86,857
Era 1.4 CRDI	₹ 7,36,570	₹ 6,09,775
Magna 1.4 CRDI	₹ 8,03,821	₹ 6,62,640
Magna (O) 1.4 CRDI	₹ 7,99,502	₹ 6,62,640
Sportz 1.4 CRDI	₹ 8,65,103	₹ 7,17,746
Asta 1.4 CRDI	₹ 9,18,651	₹ 7,62,727

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 ₹ 9,099 but you will have to pay interest of ₹ 2,78,335 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 ₹ 18,294, but your interest payment will be only ₹ 1,72,603 over the 3 years period.

₹ 9,854
Hyundai i20 [2012-2014] price starts from ₹ 5,83,806 in Bangalore.

We have considered
Down-payement : ₹ 97,825
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 ₹ 1,95,000

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 ₹ 5.84 Lakh, you can get a loan with an annual income as low as ₹ 1.95 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.