Hyundai i20 [2012-2014] Car Loan EMI Calculator

₹ 9,837.
Here is how - Hyundai i20 [2012-2014] price starts from ₹ 5,60,617 in Chennai. If you pay a down payment of ₹ 75,467 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,837.

The cheapest i20 [2012-2014] model is Era 1.2 which is priced at ₹ 5,60,617 in Chennai. You will need to pay at least a ₹ 75,467 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 i20 [2012-2014].

Version	On-road price in Chennai	Max Loan
Era 1.2	₹ 5,60,617	₹ 4,85,150
Magna 1.2	₹ 6,16,681	₹ 5,38,033
Magna (O) 1.2	₹ 6,20,467	₹ 5,38,033
Sportz 1.2	₹ 6,82,531	₹ 5,92,963
Asta 1.2	₹ 7,33,389	₹ 6,37,904
Asta (O) 1.2	₹ 7,83,130	₹ 6,81,860
Sportz (AT) 1.4	₹ 9,00,783	₹ 7,85,833
Era 1.4 CRDI	₹ 7,00,565	₹ 6,08,895
Magna 1.4 CRDI	₹ 7,57,110	₹ 6,61,758
Magna (O) 1.4 CRDI	₹ 7,60,395	₹ 6,61,758
Sportz 1.4 CRDI	₹ 8,22,573	₹ 7,16,703
Asta 1.4 CRDI	₹ 8,73,469	₹ 7,61,681

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 i20 [2012-2014] Era 1.2 will be ₹ 8,738 but you will have to pay interest of ₹ 2,48,842 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 ₹ 17,568, but your interest payment will be only ₹ 1,47,298 over the 3 years period.

₹ 9,837
Hyundai i20 [2012-2014] price starts from ₹ 5,60,617 in Chennai.

We have considered
Down-payement : ₹ 75,467
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 [2012-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,87,000

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 i20 [2012-2014] starts from ₹ 5.61 Lakh, you can get a loan with an annual income as low as ₹ 1.87 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 [2012-2014]

• 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.