Hyundai Venue N Line Car Loan EMI Calculator

₹ 25,696.
Here is how - Hyundai Venue N Line price starts from ₹ 14,93,837 in Mumbai. If you pay a down payment of ₹ 2,26,537 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,696.

The cheapest Venue N Line model is N6 DCT which is priced at ₹ 14,93,837 in Mumbai. You will need to pay at least a ₹ 2,26,537 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 Venue N Line.

Version	On-road price in Mumbai	Max Loan
N6 DCT	₹ 14,93,837	₹ 12,67,300
N6 DCT Dual Tone	₹ 15,11,333	₹ 12,82,300
N8 DCT	₹ 16,09,077	₹ 13,66,100
N8 DCT Dual Tone	₹ 16,26,571	₹ 13,81,099

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 Venue N Line N6 DCT will be ₹ 23,283 but you will have to pay interest of ₹ 6,88,472 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 ₹ 46,811, but your interest payment will be only ₹ 4,17,896 over the 3 years period.

₹ 25,696
Hyundai Venue N Line price starts from ₹ 14,93,837 in Mumbai.

We have considered
Down-payement : ₹ 2,26,537
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Venue N Line with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,98,000

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 Venue N Line starts from ₹ 14.94 Lakh, you can get a loan with an annual income as low as ₹ 4.98 lakh.

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

• 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.