Hyundai Verna Transform [2010-2011] Car Loan EMI Calculator

₹ 13,998.
Here is how - Hyundai Verna Transform [2010-2011] price starts from ₹ 7,69,175 in Mumbai. If you pay a down payment of ₹ 78,804 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,998.

The cheapest Verna Transform [2010-2011] model is 1.6 VTVT which is priced at ₹ 7,69,175 in Mumbai. You will need to pay at least a ₹ 78,804 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 Verna Transform [2010-2011].

Version	On-road price in Mumbai	Max Loan
1.6 VTVT	₹ 7,69,175	₹ 6,90,371
1.6 VTVT Audio	₹ 7,90,346	₹ 7,09,623
1.6 SX VTVT	₹ 8,78,080	₹ 7,89,408
1.5 CRDi	₹ 9,18,183	₹ 8,28,632
1.5 CRDi Audio	₹ 9,39,436	₹ 8,47,983
1.5 SX CRDi	₹ 9,97,872	₹ 9,01,190
1.5 SX AT CRDi	₹ 10,71,797	₹ 9,68,499

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 Verna Transform [2010-2011] 1.6 VTVT will be ₹ 11,989 but you will have to pay interest of ₹ 3,16,705 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 ₹ 24,103, but your interest payment will be only ₹ 1,77,337 over the 3 years period.

₹ 13,998
Hyundai Verna Transform [2010-2011] price starts from ₹ 7,69,175 in Mumbai.

We have considered
Down-payement : ₹ 78,804
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Verna Transform [2010-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,57,000

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 Verna Transform [2010-2011] starts from ₹ 7.69 Lakh, you can get a loan with an annual income as low as ₹ 2.57 lakh.

Here are the most important things you should consider while getting a car loan for a new Verna Transform [2010-2011]

• 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.