Hyundai i20 Active Car Loan EMI Calculator

₹ 14,443.
Here is how - Hyundai i20 Active price starts from ₹ 8,27,095 in Chennai. If you pay a down payment of ₹ 1,14,804 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,443.

The cheapest i20 Active model is 1.2 Base which is priced at ₹ 8,27,095 in Chennai. You will need to pay at least a ₹ 1,14,804 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 Chennai	Max Loan
1.2 Base	₹ 8,27,095	₹ 7,12,291
1.2 S	₹ 9,02,341	₹ 7,79,833
1.2 SX	₹ 9,97,596	₹ 8,63,896
1.2 SX Dual Tone	₹ 10,20,921	₹ 8,87,658
1.4 S	₹ 10,54,155	₹ 9,12,675
1.4 SX	₹ 11,51,705	₹ 9,99,901
1.4 SX Dual Tone	₹ 12,33,211	₹ 10,18,987

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 ₹ 12,891 but you will have to pay interest of ₹ 3,70,553 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 ₹ 25,918, but your interest payment will be only ₹ 2,20,757 over the 3 years period.

₹ 14,443
Hyundai i20 Active price starts from ₹ 8,27,095 in Chennai.

We have considered
Down-payement : ₹ 1,14,804
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 ₹ 2,76,000

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 i20 Active starts from ₹ 8.27 Lakh, you can get a loan with an annual income as low as ₹ 2.76 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.