Hyundai Sonata Embera [2005-2009] Car Loan EMI Calculator

₹ 24,330.
Here is how - Hyundai Sonata Embera [2005-2009] price starts from ₹ 14,60,518 in Bangalore. If you pay a down payment of ₹ 2,60,596 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,330.

The cheapest Sonata Embera [2005-2009] model is MT(Fabric) which is priced at ₹ 14,60,518 in Bangalore. You will need to pay at least a ₹ 2,60,596 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 Sonata Embera [2005-2009].

Version	On-road price in Bangalore	Max Loan
MT(Leather)	₹ 14,95,900	₹ 12,29,169
AT(Fabric)	₹ 15,31,075	₹ 12,58,245
AT(Leather)	₹ 15,66,450	₹ 12,87,487
MT(Fabric)	₹ 14,60,518	₹ 11,99,922
2.0 CRDi	₹ 16,22,008	₹ 13,33,412
2.0 CRDi AT	₹ 18,66,933	₹ 15,71,862

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 Sonata Embera [2005-2009] MT(Fabric) will be ₹ 22,764 but you will have to pay interest of ₹ 7,12,254 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 ₹ 45,767, but your interest payment will be only ₹ 4,47,690 over the 3 years period.

₹ 24,330
Hyundai Sonata Embera [2005-2009] price starts from ₹ 14,60,518 in Bangalore.

We have considered
Down-payement : ₹ 2,60,596
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Sonata Embera [2005-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,87,000

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 Sonata Embera [2005-2009] starts from ₹ 14.61 Lakh, you can get a loan with an annual income as low as ₹ 4.87 lakh.

Here are the most important things you should consider while getting a car loan for a new Sonata Embera [2005-2009]

• 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.