Hyundai Verna [2006-2010] Car Loan EMI Calculator

₹ 13,049.
Here is how - Hyundai Verna [2006-2010] price starts from ₹ 7,13,716 in Ahmedabad. If you pay a down payment of ₹ 70,140 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,049.

The cheapest Verna [2006-2010] model is i which is priced at ₹ 7,13,716 in Ahmedabad. You will need to pay at least a ₹ 70,140 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 Verna [2006-2010].

Version	On-road price in Ahmedabad	Max Loan
i	₹ 7,13,716	₹ 6,43,576
Xi	₹ 7,33,762	₹ 6,61,856
XXi	₹ 7,96,846	₹ 7,19,378
VGT CRDi	₹ 8,34,809	₹ 7,56,890
XXi ABS	₹ 8,18,573	₹ 7,39,190
VGT CRDi ABS	₹ 8,58,675	₹ 7,78,685
VGT CRDi SX	₹ 8,92,239	₹ 8,06,597
VGT CRDi SX ABS	₹ 9,16,108	₹ 8,28,395
VTVT 1.6	₹ 7,42,966	₹ 6,70,248
VTVT SX 1.6	₹ 8,28,238	₹ 7,48,003
CRDI VGT 1.5	₹ 8,90,673	₹ 8,05,167
CRDI VGT SX 1.5	₹ 9,47,465	₹ 8,57,032
CRDI VGT SX A/T 1.5	₹ 10,19,409	₹ 9,22,734

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 Verna [2006-2010] i will be ₹ 11,124 but you will have to pay interest of ₹ 2,90,840 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 ₹ 22,365, but your interest payment will be only ₹ 1,61,564 over the 3 years period.

₹ 13,049
Hyundai Verna [2006-2010] price starts from ₹ 7,13,716 in Ahmedabad.

We have considered
Down-payement : ₹ 70,140
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Verna [2006-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,38,000

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 Verna [2006-2010] starts from ₹ 7.14 Lakh, you can get a loan with an annual income as low as ₹ 2.38 lakh.

Here are the most important things you should consider while getting a car loan for a new Verna [2006-2010]

• 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.