Hyundai Santro Car Loan EMI Calculator

₹ 7,918.
Here is how - Hyundai Santro price starts from ₹ 4,59,990 in Mumbai. If you pay a down payment of ₹ 69,497 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,918.

The cheapest Santro model is Dlite which is priced at ₹ 4,59,990 in Mumbai. You will need to pay at least a ₹ 69,497 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 Santro.

Version	On-road price in Mumbai	Max Loan
Dlite	₹ 4,59,990	₹ 3,90,493
Era	₹ 4,99,947	₹ 4,25,493
Magna [2018-2020]	₹ 5,69,169	₹ 4,81,990
Sportz [2018-2020]	₹ 6,04,560	₹ 5,12,990
Asta [2018-2020]	₹ 6,54,222	₹ 5,56,490
Magna CNG [2018-2020]	₹ 6,25,526	₹ 5,47,990
Sportz CNG [2018-2020]	₹ 6,59,819	₹ 5,78,990
Magna AMT [2018-2020]	₹ 6,25,110	₹ 5,30,990
Sportz AMT [2018-2020]	₹ 6,70,776	₹ 5,70,990
Era Executive [2019-2020]	₹ 5,09,804	₹ 4,29,990
Sportz SE [2019-2020]	₹ 6,09,986	₹ 5,16,890
Sportz AMT SE [2019-2020]	₹ 6,76,287	₹ 5,74,890
Magna	₹ 6,33,092	₹ 5,36,200
Sportz	₹ 6,74,844	₹ 5,72,700
Asta	₹ 7,06,669	₹ 6,00,700
Magna AMT	₹ 6,82,581	₹ 5,82,190
Sportz AMT	₹ 7,06,060	₹ 5,99,990
Era Executive	₹ 5,79,901	₹ 4,89,700
Sportz SE	₹ 6,11,145	₹ 5,16,890
Sportz AMT SE	₹ 6,77,574	₹ 5,74,890
Asta AMT	₹ 7,53,933	₹ 6,44,690
Magna CNG	₹ 6,97,115	₹ 6,09,900
Sportz CNG	₹ 7,28,137	₹ 6,41,600
Magna Corporate Edition	₹ 6,15,783	₹ 5,23,680
Magna AMT Corporate Edition	₹ 6,71,724	₹ 5,72,680

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 Santro Dlite will be ₹ 7,170 but you will have to pay interest of ₹ 2,11,787 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 ₹ 14,414, but your interest payment will be only ₹ 1,28,411 over the 3 years period.

₹ 7,918
Hyundai Santro price starts from ₹ 4,59,990 in Mumbai.

We have considered
Down-payement : ₹ 69,497
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,54,000

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 Santro starts from ₹ 4.60 Lakh, you can get a loan with an annual income as low as ₹ 1.54 lakh.

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

• 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.