Hyundai Grand i10 Car Loan EMI Calculator

₹ 10,097.
Here is how - Hyundai Grand i10 price starts from ₹ 5,57,187 in Howrah. If you pay a down payment of ₹ 59,243 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,097.

The cheapest Grand i10 model is Era 1.2 Kappa VTVT which is priced at ₹ 5,57,187 in Howrah. You will need to pay at least a ₹ 59,243 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 Grand i10.

Version	On-road price in Howrah	Max Loan
Era 1.2 Kappa VTVT	₹ 5,57,187	₹ 4,97,944
Magna 1.2 Kappa VTVT [2017-2020]	₹ 6,60,796	₹ 5,89,368
Magna AT 1.2 Kappa VTVT	₹ 7,32,213	₹ 6,54,842
Sportz 1.2 Kappa VTVT [2017-2020]	₹ 6,94,904	₹ 6,20,637
Sportz (O) 1.2 Kappa VTVT [2017-2018]	₹ 6,62,102	₹ 5,99,892
Sportz (O) AT 1.2 Kappa VTVT [2017-2018]	₹ 7,91,711	₹ 7,09,389
Asta 1.2 Kappa VTVT	₹ 7,44,333	₹ 6,65,953
Era U2 1.2 CRDi	₹ 6,90,570	₹ 6,16,664
Magna U2 1.2 CRDi	₹ 7,51,586	₹ 6,72,603
Sportz U2 1.2 CRDi	₹ 8,12,918	₹ 7,28,830
Sportz (O) U2 1.2 CRDi [2017-2018]	₹ 7,70,291	₹ 6,99,078
Asta U2 1.2 CRDi	₹ 8,50,518	₹ 7,63,301
Sportz 1.2 Kappa VTVT Dual Tone	₹ 7,16,610	₹ 6,40,537
Sportz U2 1.2 CRDi Dual Tone	₹ 8,28,386	₹ 7,43,011
Sportz AT 1.2 Kappa VTVT	₹ 7,92,172	₹ 7,09,811
Magna 1.2 Kappa VTVT CNG [2019-2020]	₹ 7,33,905	₹ 6,56,392
Magna 1.2 Kappa VTVT	₹ 6,77,158	₹ 6,04,368
Sportz 1.2 Kappa VTVT	₹ 7,11,265	₹ 6,35,637
Magna 1.2 Kappa VTVT CNG	₹ 7,33,905	₹ 6,56,392

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 Grand i10 Era 1.2 Kappa VTVT will be ₹ 8,684 but you will have to pay interest of ₹ 2,31,512 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 ₹ 17,460, but your interest payment will be only ₹ 1,30,616 over the 3 years period.

₹ 10,097
Hyundai Grand i10 price starts from ₹ 5,57,187 in Howrah.

We have considered
Down-payement : ₹ 59,243
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Grand i10 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,86,000

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 Grand i10 starts from ₹ 5.57 Lakh, you can get a loan with an annual income as low as ₹ 1.86 lakh.

Here are the most important things you should consider while getting a car loan for a new Grand i10

• 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.