Hyundai Eon Car Loan EMI Calculator

₹ 5,918.
Here is how - Hyundai Eon price starts from ₹ 3,19,640 in Delhi. If you pay a down payment of ₹ 27,771 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 5,918.

The cheapest Eon model is D-Lite O [2011-2012] which is priced at ₹ 3,19,640 in Delhi. You will need to pay at least a ₹ 27,771 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 Eon.

Version	On-road price in Delhi	Max Loan
D-Lite	₹ 3,74,433	₹ 3,34,900
D-Lite O [2011-2012]	₹ 3,19,640	₹ 2,91,869
Era [2011-2012]	₹ 3,41,107	₹ 3,11,869
Magna [2011-2012]	₹ 3,67,940	₹ 3,36,869
Magna O [2011-2012]	₹ 3,78,674	₹ 3,46,869
Sportz	₹ 4,94,580	₹ 4,44,798
D-Lite + LPG [2012-2015]	₹ 3,75,696	₹ 3,41,433
Era + LPG	₹ 4,33,855	₹ 3,96,148
Magna + LPG [2012-2016]	₹ 4,60,822	₹ 4,23,283
D-Lite +	₹ 4,13,993	₹ 3,71,698
Era +	₹ 4,28,897	₹ 3,85,562
Magna +	₹ 4,64,539	₹ 4,16,855
1.0 Kappa Magna + [2014-2016]	₹ 4,52,690	₹ 4,11,477
1.0 Kappa Magna + (O) [2014-2016]	₹ 4,75,886	₹ 4,39,070
Era + LPG Airbag	₹ 4,46,498	₹ 4,06,063
1.0 Kappa Magna AirBag	₹ 4,98,885	₹ 4,53,533
D-Lite + AirBag	₹ 4,06,781	₹ 3,70,528
Era + AirBag	₹ 4,39,539	₹ 3,95,461
Magna + AirBag	₹ 4,75,181	₹ 4,26,754
1.0 Kappa Magna (O) AirBag	₹ 5,19,987	₹ 4,68,432
1.0 Kappa Era +	₹ 4,83,585	₹ 4,34,571
Era + SE	₹ 4,48,355	₹ 4,01,801
Magna + SE	₹ 4,75,175	₹ 4,26,748

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 Eon D-Lite O [2011-2012] will be ₹ 4,982 but you will have to pay interest of ₹ 1,26,619 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 ₹ 10,016, but your interest payment will be only ₹ 68,707 over the 3 years period.

₹ 5,918
Hyundai Eon price starts from ₹ 3,19,640 in Delhi.

We have considered
Down-payement : ₹ 27,771
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,07,000

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 Eon starts from ₹ 3.20 Lakh, you can get a loan with an annual income as low as ₹ 1.07 lakh.

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

• 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.