Hyundai Santro Car Loan EMI Calculator

₹ 7,989.
Here is how - Hyundai Santro price starts from ₹ 4,48,157 in Kollam. If you pay a down payment of ₹ 54,164 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,989.

The cheapest Santro model is Dlite which is priced at ₹ 4,48,157 in Kollam. You will need to pay at least a ₹ 54,164 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 Kollam	Max Loan
Dlite	₹ 4,48,157	₹ 3,93,993
Era	₹ 4,86,509	₹ 4,28,993
Magna [2018-2020]	₹ 5,52,540	₹ 4,89,253
Sportz [2018-2020]	₹ 5,98,683	₹ 5,20,494
Asta [2018-2020]	₹ 6,47,594	₹ 5,64,331
Magna CNG [2018-2020]	₹ 6,30,090	₹ 5,55,765
Sportz CNG [2018-2020]	₹ 6,64,614	₹ 5,87,005
Magna AMT [2018-2020]	₹ 6,18,922	₹ 5,38,633
Sportz AMT [2018-2020]	₹ 6,63,898	₹ 5,78,943
Era Executive [2019-2020]	₹ 4,95,118	₹ 4,36,850
Sportz SE [2019-2020]	₹ 6,03,068	₹ 5,24,424
Sportz AMT SE [2019-2020]	₹ 6,68,284	₹ 5,82,873
Magna	₹ 6,31,209	₹ 5,36,200
Sportz	₹ 6,72,769	₹ 5,72,700
Asta	₹ 7,04,650	₹ 6,00,700
Magna AMT	₹ 6,86,580	₹ 5,82,190
Sportz AMT	₹ 7,03,842	₹ 5,99,990
Era Executive	₹ 5,68,470	₹ 4,89,700
Sportz SE	₹ 5,94,661	₹ 5,16,890
Sportz AMT SE	₹ 6,59,376	₹ 5,74,890
Asta AMT	₹ 7,58,190	₹ 6,44,690
Magna CNG	₹ 7,15,126	₹ 6,09,900
Sportz CNG	₹ 7,51,220	₹ 6,41,600
Magna Corporate Edition	₹ 6,18,829	₹ 5,29,615
Magna AMT Corporate Edition	₹ 6,75,065	₹ 5,78,995

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 ₹ 6,985 but you will have to pay interest of ₹ 1,92,747 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 ₹ 14,044, but your interest payment will be only ₹ 1,11,591 over the 3 years period.

₹ 7,989
Hyundai Santro price starts from ₹ 4,48,157 in Kollam.

We have considered
Down-payement : ₹ 54,164
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 ₹ 1,50,000

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 ₹ 4.48 Lakh, you can get a loan with an annual income as low as ₹ 1.50 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.