Hyundai i20 [2012-2014] Car Loan EMI Calculator

₹ 9,829.
Here is how - Hyundai i20 [2012-2014] price starts from ₹ 5,44,509 in Azamgarh. If you pay a down payment of ₹ 59,781 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,829.

The cheapest i20 [2012-2014] model is Era 1.2 which is priced at ₹ 5,44,509 in Azamgarh. You will need to pay at least a ₹ 59,781 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 Azamgarh	Max Loan
Era 1.2	₹ 5,44,509	₹ 4,84,728
Magna 1.2	₹ 6,03,899	₹ 5,36,693
Magna (O) 1.2	₹ 6,03,899	₹ 5,36,693
Sportz 1.2	₹ 6,64,367	₹ 5,90,971
Asta 1.2	₹ 7,13,552	₹ 6,35,122
Asta (O) 1.2	₹ 7,61,662	₹ 6,78,307
Sportz (AT) 1.4	₹ 8,75,494	₹ 7,80,489
Era 1.4 CRDI	₹ 6,81,510	₹ 6,06,359
Magna 1.4 CRDI	₹ 7,39,384	₹ 6,58,310
Magna (O) 1.4 CRDI	₹ 7,39,384	₹ 6,58,310
Sportz 1.4 CRDI	₹ 7,99,860	₹ 7,12,596
Asta 1.4 CRDI	₹ 8,49,101	₹ 7,56,797

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 ₹ 8,487 but you will have to pay interest of ₹ 2,28,180 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 ₹ 17,063, but your interest payment will be only ₹ 1,29,540 over the 3 years period.

₹ 9,829
Hyundai i20 [2012-2014] price starts from ₹ 5,44,509 in Azamgarh.

We have considered
Down-payement : ₹ 59,781
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 ₹ 1,82,000

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 ₹ 5.45 Lakh, you can get a loan with an annual income as low as ₹ 1.82 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.