Hyundai Venue N Line Car Loan EMI Calculator

₹ 24,488.
Here is how - Hyundai Venue N Line price starts from ₹ 14,22,395 in Mumbai. If you pay a down payment of ₹ 2,14,695 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,488.

The cheapest Venue N Line model is N6 MT which is priced at ₹ 14,22,395 in Mumbai. You will need to pay at least a ₹ 2,14,695 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
N8 MT	₹ 15,25,271	₹ 12,95,900
N8 MT Dual Tone	₹ 15,42,766	₹ 13,10,900
N8 DCT	₹ 16,17,300	₹ 13,74,800
N8 DCT Dual Tone	₹ 16,34,795	₹ 13,89,800
N6 MT	₹ 14,22,395	₹ 12,07,700
N6 MT Dual Tone	₹ 14,39,890	₹ 12,22,700
N6 DCT	₹ 15,15,240	₹ 12,87,300
N6 DCT Dual Tone	₹ 15,32,736	₹ 13,02,300

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 MT will be ₹ 22,170 but you will have to pay interest of ₹ 6,54,580 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 ₹ 44,573, but your interest payment will be only ₹ 3,96,928 over the 3 years period.

₹ 24,488
Hyundai Venue N Line price starts from ₹ 14,22,395 in Mumbai.

We have considered
Down-payement : ₹ 2,14,695
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 ₹ 4,75,000

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 ₹ 14.22 Lakh, you can get a loan with an annual income as low as ₹ 4.75 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.