Hyundai i20 [2010-2012] Car Loan EMI Calculator

₹ 9,833.
Here is how - Hyundai i20 [2010-2012] price starts from ₹ 5,15,644 in Chandigarh. If you pay a down payment of ₹ 30,709 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,833.

The cheapest i20 [2010-2012] model is Era 1.2 BS-IV which is priced at ₹ 5,15,644 in Chandigarh. You will need to pay at least a ₹ 30,709 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 [2010-2012].

Version	On-road price in Chandigarh	Max Loan
Era 1.2 BS-IV	₹ 5,15,644	₹ 4,84,935
Asta 1.4 CRDI with AVN 6 Speed	₹ 8,13,527	₹ 7,58,926
Asta 1.2 with AVN	₹ 6,81,779	₹ 6,41,131
Asta 1.4 AT with AVN	₹ 8,84,763	₹ 8,23,056
Era 1.4 CRDI	₹ 6,45,897	₹ 6,07,089
Magna 1.4 CRDI	₹ 6,71,105	₹ 6,31,005
Sportz 1.4 CRDI	₹ 7,69,096	₹ 7,17,169
Asta 1.4 CRDI	₹ 8,17,871	₹ 7,63,009
Asta 1.4 CRDI with AVN	₹ 8,13,527	₹ 7,58,926

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 [2010-2012] Era 1.2 BS-IV will be ₹ 8,037 but you will have to pay interest of ₹ 1,90,173 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 ₹ 16,158, but your interest payment will be only ₹ 96,753 over the 3 years period.

₹ 9,833
Hyundai i20 [2010-2012] price starts from ₹ 5,15,644 in Chandigarh.

We have considered
Down-payement : ₹ 30,709
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 [2010-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,72,000

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 [2010-2012] starts from ₹ 5.16 Lakh, you can get a loan with an annual income as low as ₹ 1.72 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 [2010-2012]

• 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.