Hyundai i20 [2012-2014] Car Loan EMI Calculator

₹ 10,118.
Here is how - Hyundai i20 [2012-2014] price starts from ₹ 5,66,041 in Navi Mumbai. If you pay a down payment of ₹ 67,018 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,118.

The cheapest i20 [2012-2014] model is Era 1.2 which is priced at ₹ 5,66,041 in Navi Mumbai. You will need to pay at least a ₹ 67,018 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 [2012-2014].

Version	On-road price in Navi Mumbai	Max Loan
Era 1.2	₹ 5,66,041	₹ 4,99,023
Magna 1.2	₹ 6,68,657	₹ 5,89,530
Magna (O) 1.2	₹ 6,28,290	₹ 5,53,067
Sportz 1.2	₹ 6,91,573	₹ 6,09,365
Asta 1.2	₹ 7,43,190	₹ 6,55,285
Asta (O) 1.2	₹ 7,93,675	₹ 7,00,198
Sportz (AT) 1.4	₹ 9,16,106	₹ 8,06,448
Era 1.4 CRDI	₹ 7,22,207	₹ 6,25,489
Magna 1.4 CRDI	₹ 8,35,115	₹ 7,24,726
Magna (O) 1.4 CRDI	₹ 7,84,015	₹ 6,79,514
Sportz 1.4 CRDI	₹ 8,48,439	₹ 7,35,826
Asta 1.4 CRDI	₹ 9,01,025	₹ 7,81,790

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 [2012-2014] Era 1.2 will be ₹ 8,822 but you will have to pay interest of ₹ 2,42,025 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 ₹ 17,738, but your interest payment will be only ₹ 1,39,545 over the 3 years period.

₹ 10,118
Hyundai i20 [2012-2014] price starts from ₹ 5,66,041 in Navi Mumbai.

We have considered
Down-payement : ₹ 67,018
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 [2012-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,89,000

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 [2012-2014] starts from ₹ 5.66 Lakh, you can get a loan with an annual income as low as ₹ 1.89 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 [2012-2014]

• 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.