Hyundai i20 Car Loan EMI Calculator

₹ 12,146.
Here is how - Hyundai i20 price starts from ₹ 7,07,875 in Mumbai. If you pay a down payment of ₹ 1,08,875 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,146.

The cheapest i20 model is Era Petrol Manual which is priced at ₹ 7,07,875 in Mumbai. You will need to pay at least a ₹ 1,08,875 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.

Version	On-road price in Mumbai	Max Loan
Sportz Petrol Manual	₹ 9,09,525	₹ 7,74,500
Sportz Petrol Automatic	₹ 10,28,635	₹ 8,75,500
Sportz Petrol Manual Dual Tone	₹ 9,20,135	₹ 7,83,734
Asta (O) Petrol Manual Dual Tone	₹ 10,92,979	₹ 9,31,500
Asta (O) Petrol Automatic Dual Tone	₹ 12,48,007	₹ 10,48,000
Magna Executive Petrol Manual	₹ 7,93,935	₹ 6,73,900
Magna Petrol Manual	₹ 8,23,809	₹ 6,99,900
Magna Petrol Automatic	₹ 9,56,828	₹ 8,13,005
Sportz (O) Petrol Manual	₹ 9,74,057	₹ 8,28,000
Sportz (O) Petrol Automatic	₹ 10,79,765	₹ 9,20,000
Sportz (O) Knight Petrol Manual	₹ 9,84,398	₹ 8,37,000
Asta (O) Knight Petrol Automatic	₹ 12,42,745	₹ 10,43,500
Asta Petrol Manual	₹ 10,12,548	₹ 8,61,500
Asta (O) Petrol Manual	₹ 10,74,020	₹ 9,15,000
Asta (O) Petrol Automatic	₹ 12,31,638	₹ 10,34,000
Asta (O) Knight Edition Petrol Automatic Dual Tone	₹ 12,58,529	₹ 10,57,000
Era Petrol Manual	₹ 7,07,875	₹ 5,99,000

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 Era Petrol Manual will be ₹ 11,033 but you will have to pay interest of ₹ 3,27,772 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 ₹ 22,182, but your interest payment will be only ₹ 1,99,552 over the 3 years period.

₹ 12,146
Hyundai i20 price starts from ₹ 7,07,875 in Mumbai.

We have considered
Down-payement : ₹ 1,08,875
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,36,000

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 starts from ₹ 7.08 Lakh, you can get a loan with an annual income as low as ₹ 2.36 lakh.

Here are the most important things you should consider while getting a car loan for a new i20

• 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.