Hyundai i20: How much will be the monthly installment with a downpayment of Rs 1 lakh? Understand the complete mathematics of car loan

Hyundai i20: How much will be the monthly installment with a downpayment of Rs 1 lakh? Understand the complete mathematics of car loan

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The base variant of Hyundai i20 is priced at Rs 7,91,732 on-road in Delhi. By taking a loan of Rs 6,91,732 for a down payment of Rs 1 lakh, you will have to pay a monthly installment of Rs 11,484 for 7 years.

New Delhi. Recently, due to reduction in GST, vehicles have become quite cheap. So if you are a premium hatchback buying a car Want Are in which better Features be and his performance if it's good too Hyundai i20 (Hyundai i20) One It is a great option. the good thing is that finance As a convenience, you can buy this vehicle only for 1 Lakh Rs. down You can buy it by making payment and take a loan of the remaining amount from the bank, so that monthly installment become will go, This Thus you will not have to pay the entire amount at once and You Some? thousand rupees per month of installment Of Can be given in the form. Come on this car finance details Know.

Hyundai i20 of price How much is it?

finance details Before buying, know the price of the car. Hyundai company this premium hatchback to the car automatic And manual Transmission with many Variants Presents in, whose Delhi ex-showroom The price starts from Rs 6.87 lakh and goes up to Rs 10.43 lakh. We will tell you about it base variants Magna executive of finance details Will tell about. it variants petrol with engine manual Transmission Comes in.

base variants Of ex-showroom Price

This base variants Of ex-showroom Price Is Rs 6,86,865. This includes Rs 62,161 road tax i.e. rtoRs 41,906 insurance And Rs 800 will be included in other expenses. All expenses of the vehicle by connecting on-On-road price will be Rs 7,91,732. you 1 lakh rupees down If you buy it after making payment, you will have to take a loan of the remaining Rs 6,91,732 from the bank. What will be the monthly installment of the loan will depend on the loan tenure and interest rate.

finance This amount will be paid in installments after getting it done

Suppose a loan of Rs 6,91,732 is taken from the bank for seven years and the interest rate is 10%. percentage If yes, then every month your installment will be Rs 11,484. This installment will last for seven years and thus you will pay Rs 2,72,888 to the bank as interest. In this way the total price of your vehicle will be Rs 10,64,620. However, if you repay the loan early, you will have to pay less interest. Also, you can increase or decrease the loan repayment period which will affect your monthly installment as well.

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First Published :

October 27, 2025, 18:58 IST

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Hyundai i20: How much will be the monthly installment with a downpayment of Rs 1 lakh?

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Taking a car loan? The burden will not fall on the pocket, remember 20/4/10 Golden Rule

Taking a car loan? The burden will not fall on the pocket, remember 20/4/10 Golden Rule

by with No Comment Car Review

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Car Loan Tips: If you are planning to take a car loan, first take out the information of 20/4/10 rules. This easy rule can reduce the burden on your pocket.

Taking a car loan? The burden will not fall on the pocket, remember 20/4/10 Golden Rule
Car loan tips: It has become common to take a car loan between the price of growing cars and the increasing desires of the people. But often the burden of EMI increases so much that the monthly budget deteriorates. If you are thinking of buying a car and want to take a loan for it, an easy formula can reduce the burden on your pocket.

Financial experts recommend adopting 20/4/10 rules while taking a car loan. This rule decides how much down payment you should make, how much of the loan period should be and how much part of your salary should be spent on EMI.

What is 20/4/10 Rules?

20% down payment: Pay the price of the car at least 20 percent in advance. This will reduce the loan amount and the burden of interest will be lighter. It can be a good option to save in advance or use a trade-in value of an old car.

4 -year loan tenure: Try to finish the car loan in a maximum of 4 years (48 months). Long -term loan EMI definitely reduces, but interest has to be paid more and the debt may be saved despite the value of the car.

10% income in EMI: Your monthly EMI should not exceed 10 percent of your net salary. This will not affect the rest of the expenses and savings. Suppose your salary is ₹ 60,000 and you are buying a car worth Rs 10 lakh. According to the rule, you have to make a down payment of Rs 2 lakh. EMI is to be repaid in 4 years and it should not exceed Rs 6,000 (10 percent of salary). If EMI comes out more than this, it would be better if you take a small car or increase the down payment.

What is the benefit of 20/4/10 rule?
Adopting the 20/4/10 rule not only to pay less interest, but the car loan maintains balance instead of spoiling your financial situation, that is, the dream of the car will also be fulfilled and EMI will not be stressed.

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vinoy jha

After starting a career with print media, he has been working as a senior copy editor in News18Hindi for the last 8 years. Business news team is part of the team for almost 4 years. He has experience of about one and a half decades in the media. Business …Read more

After starting a career with print media, he has been working as a senior copy editor in News18Hindi for the last 8 years. Business news team is part of the team for almost 4 years. He has experience of about one and a half decades in the media. Business … Read more

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First Published:

August 31, 2025, 05:54 IST

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Taking a car loan? The burden will not fall on the pocket, remember 20/4/10 Golden Rule

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Car Loan: From PNB to HDFC Bank, where is the cheapest car loan? See the full list of banks

Car Loan: From PNB to HDFC Bank, where is the cheapest car loan? See the full list of banks

by with No Comment Car Review

Car Loan Interest Rates: It is always considered better to buy a car in the festive season. On this occasion, public sector and private banks are offering special offers on car loans to woo customers. These offers include zero processing fees, easy repayment options and discounted interest rates to those with better credit scores. If you are also thinking of buying a new car, then let us know which bank is getting the cheapest car loan?

According to data from Bankbazar.com, interest rates on a car loan of Rs 10 lakh (duration of 5 years) are going from 7.80 percent to 9.99 percent. However, these rates depend on the customer's income and credit score.

Public sector bank's interest rates and EMI

Punjab National Bank (PNB) – 7.80 percent interest, EMI Rs 20,181
Union Bank of India – 7.90 percent interest, EMI Rs 20,229
Canara Bank – 8.25 % interest, EMI Rs 20,396
Bank of Baroda – 8.40 percent interest, EMI Rs 20,468
State Bank of India (SBI) – 9.00 percent interest, EMI Rs 20,758

Private bank interest rates and EMI
IDBI Bank – 8.30 percent interest, EMI Rs 20,420
Axis Bank – 8.90 percent interest, EMI Rs 20,710
ICICI Bank – 9.15 % interest, EMI Rs 20,831
HDFC Bank – 9.40 % interest, EMI Rs 20,953
IDFC First Bank – 9.99 percent interest, EMI Rs 21,242

Where will you get benefit?
Public sector banks like Punjab National Bank and Union Bank can prove to be more economical for customers who want a loan on low EMI. At the same time, the interest rate in private banks is slightly higher. Therefore, it will be beneficial to compare on bank websites and loan aggregator platforms before taking a loan.

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What will be the EMI if you take a car loan of Rs 10,00,000 from SBI? Know the complete accounts

What will be the EMI if you take a car loan of Rs 10,00,000 from SBI? Know the complete accounts

by with No Comment Car Review

New Delhi. Everyone dreams of having a car at home. But many people are not able to buy a car because they lack budget. In such a situation, you can fulfill your dream of buying a car by taking a loan. While buying a car on loan, you have to make a down payment of some money, you can take a loan for the remaining amount.

If you are planning to buy a car and want to take a loan of Rs 10,00,000, then here we will tell you about the car loan interest of the country's largest government bank SBI.

How much is the interest on car loan in SBI?
At present, SBI is offering interest ranging from 9.20 percent to 10.15 percent on car loan. Under green loan, loans are being given on electric cars at interest rates ranging from 9.10 percent to 9.80 percent. If your credit score is good then you can get loan at low interest rate.

How much will be the EMI on a car worth Rs 10 lakh?
If you take a car loan of Rs 10 lakh from SBI for 5 years at an interest rate of 9.15%, then the EMI will be Rs 20,831. In this loan, you will pay a total of Rs 2,49,874 as interest in 5 years.

Tags: car loan, SBI loan

FIRST PUBLISHED: December 10, 2024, 19:44 IST

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What will be the EMI if you take a car loan of Rs 10,00,000 from SBI? Know the complete accounts

What will be the monthly EMI if you take a car loan of Rs 6,00,000 from SBI? Know what will be the interest amount

by with No Comment Car Review

New Delhi. Festivals have started in the country. In such a situation, many types of discounts and offers are being given on vehicles. If you are thinking of buying a car on loan, then you can take advantage of many offers given by car companies.

The country's largest public sector bank SBI is providing auto loan at an initial rate of 9.15 percent. Let us know how much monthly EMI you will have to pay if you take a car loan of Rs 6 lakh from SBI.

How much will the monthly EMI be?
At present, auto loan is available in SBI at an initial interest rate of 9.15%. However, you will get auto loan at this initial interest rate only if your CIBIL score is 800 or above. On this score the bank will easily approve your auto loan. If your CIBIL score is low, you may have to take a loan at a higher interest rate.

If your car loan of Rs 6,00,000 is approved from SBI at the rate of 9.15% and the loan tenure is kept for 3 years, then according to the SBI EMI calculator, your monthly EMI will be Rs 19,122.

According to the calculation, you will pay interest of Rs 88,383 for the tenure of the loan. That means after three years you will have to pay a total of Rs 6,88,383.

Tags: auto news, car loan, SBI loan

FIRST PUBLISHED: October 23, 2024, 19:07 IST

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