Hyundai Verna [2006-2010] Car Loan EMI Calculator

₹ 13,025.
Here is how - Hyundai Verna [2006-2010] price starts from ₹ 7,17,278 in Pune. If you pay a down payment of ₹ 74,924 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,025.

The cheapest Verna [2006-2010] model is i which is priced at ₹ 7,17,278 in Pune. You will need to pay at least a ₹ 74,924 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 Verna [2006-2010].

Version	On-road price in Pune	Max Loan
i	₹ 7,17,278	₹ 6,42,354
Xi	₹ 7,37,390	₹ 6,60,588
XXi	₹ 8,00,660	₹ 7,17,948
VGT CRDi	₹ 8,38,876	₹ 7,55,357
XXi ABS	₹ 8,22,465	₹ 7,37,715
VGT CRDi ABS	₹ 8,62,825	₹ 7,77,099
VGT CRDi SX	₹ 8,93,478	₹ 8,04,926
VGT CRDi SX ABS	₹ 9,17,438	₹ 8,26,678
VTVT 1.6	₹ 7,27,069	₹ 6,51,643
VTVT SX 1.6	₹ 8,11,133	₹ 7,27,895
CRDI VGT 1.5	₹ 8,52,646	₹ 7,68,284
CRDI VGT SX 1.5	₹ 9,08,641	₹ 8,19,144
CRDI VGT SX A/T 1.5	₹ 9,79,474	₹ 8,83,481

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 Verna [2006-2010] i will be ₹ 11,180 but you will have to pay interest of ₹ 2,96,766 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 ₹ 22,477, but your interest payment will be only ₹ 1,66,818 over the 3 years period.

₹ 13,025
Hyundai Verna [2006-2010] price starts from ₹ 7,17,278 in Pune.

We have considered
Down-payement : ₹ 74,924
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Verna [2006-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,40,000

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 Verna [2006-2010] starts from ₹ 7.17 Lakh, you can get a loan with an annual income as low as ₹ 2.40 lakh.

Here are the most important things you should consider while getting a car loan for a new Verna [2006-2010]

• 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.