Hyundai Venue Car Loan EMI Calculator

₹ 15,645.
Here is how - Hyundai Venue price starts from ₹ 9,05,986 in Mumbai. If you pay a down payment of ₹ 1,34,386 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,645.

The cheapest Venue model is E 1.2 Petrol which is priced at ₹ 9,05,986 in Mumbai. You will need to pay at least a ₹ 1,34,386 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.

Version	On-road price in Mumbai	Max Loan
E 1.2 Petrol	₹ 9,05,986	₹ 7,71,600
S 1.2 Petrol	₹ 10,45,988	₹ 8,93,600
S (O) 1.2 Petrol	₹ 11,40,892	₹ 9,76,300
S (O) 1.0 Turbo iMT	₹ 12,32,797	₹ 10,43,500
SX 1.2 Petrol	₹ 12,96,882	₹ 10,92,800
SX 1.2 Petrol Dual Tone	₹ 13,14,401	₹ 11,07,800
S (O) 1.0 Turbo DCT	₹ 13,49,202	₹ 11,43,299
SX (O) 1.0 Turbo iMT	₹ 14,56,393	₹ 12,35,199
SX (O) 1.0 Turbo iMT Dual Tone	₹ 14,73,890	₹ 12,50,200
SX (O) 1.0 Turbo DCT	₹ 15,35,710	₹ 13,03,200
SX (O) 1.0 Turbo DCT Dual Tone	₹ 15,53,206	₹ 13,18,200
S Plus 1.5 CRDi	₹ 12,64,342	₹ 10,46,300
SX 1.5 CRDi	₹ 14,70,239	₹ 12,19,500
SX 1.5 CRDi Dual Tone	₹ 14,88,071	₹ 12,34,500
SX (O) 1.5 CRDi	₹ 15,64,508	₹ 12,98,800
SX (O) 1.5 CRDi Dual Tone	₹ 15,82,340	₹ 13,13,800

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 E 1.2 Petrol will be ₹ 14,121 but you will have to pay interest of ₹ 4,14,564 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 ₹ 28,390, but your interest payment will be only ₹ 2,50,440 over the 3 years period.

₹ 15,645
Hyundai Venue price starts from ₹ 9,05,986 in Mumbai.

We have considered
Down-payement : ₹ 1,34,386
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,02,000

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 starts from ₹ 9.06 Lakh, you can get a loan with an annual income as low as ₹ 3.02 lakh.

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

• 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.