Hyundai Eon Car Loan EMI Calculator

₹ 5,971.
Here is how - Hyundai Eon price starts from ₹ 3,31,645 in Kolkata. If you pay a down payment of ₹ 37,182 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 5,971.

The cheapest Eon model is D-Lite O [2011-2012] which is priced at ₹ 3,31,645 in Kolkata. You will need to pay at least a ₹ 37,182 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 Eon.

Version	On-road price in Kolkata	Max Loan
D-Lite	₹ 3,76,061	₹ 3,34,900
D-Lite O [2011-2012]	₹ 3,31,645	₹ 2,94,463
Era [2011-2012]	₹ 3,52,496	₹ 3,14,641
Magna [2011-2012]	₹ 3,78,559	₹ 3,39,863
Magna O [2011-2012]	₹ 3,88,985	₹ 3,49,952
Sportz	₹ 5,01,562	₹ 4,50,778
D-Lite + LPG [2012-2015]	₹ 3,94,144	₹ 3,51,204
Era + LPG	₹ 4,40,066	₹ 3,99,935
Magna + LPG [2012-2016]	₹ 4,80,127	₹ 4,35,334
D-Lite +	₹ 4,21,269	₹ 3,76,642
Era +	₹ 4,36,504	₹ 3,90,709
Magna +	₹ 4,70,868	₹ 4,22,438
1.0 Kappa Magna + [2014-2016]	₹ 4,86,440	₹ 4,46,181
1.0 Kappa Magna + (O) [2014-2016]	₹ 4,93,931	₹ 4,52,425
Era + LPG Airbag	₹ 4,50,980	₹ 4,09,943
1.0 Kappa Magna AirBag	₹ 5,07,899	₹ 4,59,114
D-Lite + AirBag	₹ 4,16,836	₹ 3,75,147
Era + AirBag	₹ 4,47,225	₹ 4,00,608
Magna + AirBag	₹ 4,81,587	₹ 4,32,336
1.0 Kappa Magna (O) AirBag	₹ 5,26,727	₹ 4,74,014
1.0 Kappa Era +	₹ 4,89,363	₹ 4,39,515
Era + SE	₹ 4,54,091	₹ 4,06,948
Magna + SE	₹ 4,81,582	₹ 4,32,331

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 Eon D-Lite O [2011-2012] will be ₹ 5,169 but you will have to pay interest of ₹ 1,39,733 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 ₹ 10,393, but your interest payment will be only ₹ 79,685 over the 3 years period.

₹ 5,971
Hyundai Eon price starts from ₹ 3,31,645 in Kolkata.

We have considered
Down-payement : ₹ 37,182
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,11,000

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 Eon starts from ₹ 3.32 Lakh, you can get a loan with an annual income as low as ₹ 1.11 lakh.

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

• 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.