Hyundai Santro Xing [2008-2015] Car Loan EMI Calculator

₹ 6,295.
Here is how - Hyundai Santro Xing [2008-2015] price starts from ₹ 3,67,808 in Bangalore. If you pay a down payment of ₹ 57,347 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,295.

The cheapest Santro Xing [2008-2015] model is Non-AC which is priced at ₹ 3,67,808 in Bangalore. You will need to pay at least a ₹ 57,347 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 Santro Xing [2008-2015].

Version	On-road price in Bangalore	Max Loan
GL	₹ 4,22,879	₹ 3,55,675
GLS	₹ 4,73,288	₹ 3,99,901
Non-AC	₹ 3,67,808	₹ 3,10,461
GLS AT	₹ 4,63,921	₹ 3,94,347
GL LPG	₹ 4,50,171	₹ 3,78,933
GLS LPG	₹ 4,95,944	₹ 4,18,433
GL Plus	₹ 4,47,202	₹ 3,77,782
GL Plus LPG	₹ 4,71,649	₹ 3,97,863

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 Santro Xing [2008-2015] Non-AC will be ₹ 5,733 but you will have to pay interest of ₹ 1,71,111 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 ₹ 11,526, but your interest payment will be only ₹ 1,04,475 over the 3 years period.

₹ 6,295
Hyundai Santro Xing [2008-2015] price starts from ₹ 3,67,808 in Bangalore.

We have considered
Down-payement : ₹ 57,347
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Santro Xing [2008-2015] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,23,000

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 Santro Xing [2008-2015] starts from ₹ 3.68 Lakh, you can get a loan with an annual income as low as ₹ 1.23 lakh.

Here are the most important things you should consider while getting a car loan for a new Santro Xing [2008-2015]

• 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.