Hyundai Verna Car Loan EMI Calculator

₹ 19,542.
Here is how - Hyundai Verna price starts from ₹ 11,25,764 in Mumbai. If you pay a down payment of ₹ 1,61,964 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,542.

The cheapest Verna model is E 1.5 VTVT which is priced at ₹ 11,25,764 in Mumbai. You will need to pay at least a ₹ 1,61,964 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.

Version	On-road price in Mumbai	Max Loan
SX 1.5 VTVT	₹ 13,59,753	₹ 11,47,300
SX (O)1.5 VTVT	₹ 15,71,155	₹ 13,28,300
SX 1.5 VTVT IVT	₹ 15,01,895	₹ 12,69,000
SX (O) 1.5 VTVT IVT	₹ 17,16,801	₹ 14,53,000
S Plus 1.5 CRDi	₹ 13,60,920	₹ 11,28,200
SX 1.5 CRDi	₹ 15,32,935	₹ 12,72,900
SX (O) 1.5 CRDi	₹ 17,51,671	₹ 14,56,900
SX 1.5 CRDi AT	₹ 16,69,170	₹ 13,87,500
SX (O) 1.5 CRDi AT	₹ 18,88,023	₹ 15,71,600
SX (O) 1.0 Turbo DCT	₹ 17,17,896	₹ 14,58,100
E 1.5 VTVT	₹ 11,25,764	₹ 9,63,800
S Plus 1.5 VTVT	₹ 11,82,284	₹ 10,04,300

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 Verna E 1.5 VTVT will be ₹ 17,546 but you will have to pay interest of ₹ 5,10,064 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 ₹ 35,277, but your interest payment will be only ₹ 3,06,172 over the 3 years period.

₹ 19,542
Hyundai Verna price starts from ₹ 11,25,764 in Mumbai.

We have considered
Down-payement : ₹ 1,61,964
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,76,000

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 starts from ₹ 11.26 Lakh, you can get a loan with an annual income as low as ₹ 3.76 lakh.

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

• 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.