Hyundai i20 Active Car Loan EMI Calculator

₹ 14,547.
Here is how - Hyundai i20 Active price starts from ₹ 8,01,008 in Kolkata. If you pay a down payment of ₹ 83,565 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,547.

The cheapest i20 Active model is 1.2 Base which is priced at ₹ 8,01,008 in Kolkata. You will need to pay at least a ₹ 83,565 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 Active.

Version	On-road price in Kolkata	Max Loan
1.2 Base	₹ 8,01,008	₹ 7,17,443
1.2 S	₹ 8,74,437	₹ 7,84,488
1.2 SX	₹ 9,68,357	₹ 8,67,764
1.2 SX Dual Tone	₹ 9,94,301	₹ 8,91,526
1.4 S	₹ 10,16,961	₹ 9,15,555
1.4 SX	₹ 11,26,448	₹ 10,05,654
1.4 SX Dual Tone	₹ 11,40,205	₹ 10,21,590

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 Active 1.2 Base will be ₹ 12,485 but you will have to pay interest of ₹ 3,31,297 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 ₹ 25,101, but your interest payment will be only ₹ 1,86,193 over the 3 years period.

₹ 14,547
Hyundai i20 Active price starts from ₹ 8,01,008 in Kolkata.

We have considered
Down-payement : ₹ 83,565
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 Active with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,68,000

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 Active starts from ₹ 8.01 Lakh, you can get a loan with an annual income as low as ₹ 2.68 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 Active

• 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.