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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GST increased on big cars in India, but the price was low, how did it happen? Know

GST increased on big cars in India, but the price was low, how did it happen? Know

by with No Comment Car Review

Last updated:

The GST rate on large cars and SUVs in India has been increased from 28% to 40%, but the prices of vehicles like Mahindra XUV700, Toyota Fortuner, and Mercedes-Benz GLS have come down by 8-10%. How has this happened? Know …

GST increased on big cars in India, but the price was low, how did it happen?
New Delhi. Large cars and SUVs in India have always been a status symbol. It was not easy to buy them, because the tax burden on them was more than common cars. But the government has made a big change in the GST (GST) structure in September 2025. According to this change, GST on cars with less than 1200 cc and less than 4000mm is now only 18 percent, while it was 28 percent earlier. Due to this, GST has been increased from 28 percent to 40 percent on large capacity and size cars. Despite increasing GST rates on big cars, their prices have come down? Why?

Actually, the government has increased the rates of GST, but the cess that used to be first, has been removed. Due to this, the total tax has been reduced, car companies have also reduced the prices of cars, so that the benefits of tax deduction can reach the common people. This can be understood by some examples.

Till now, the country had double tax on SUVs or luxury cars with engine capacity larger than 4 meters and more than 1500cc capacity. First 28% GST was felt. Compassion cess ranging from 17% to 22% was imposed on it. That is, in this way the total tax burden used to reach 45% to 50%, due to which the ex-showroom prices of these cars increased millions of rupees.

What has the government changed?

After the GST 2.0 implemented in September 2025, the government has made a big change. Now 40% flat GST will be imposed directly on big cars, SUVs and premium sedans. The concentration cess of 17 to 22% has been completely removed. The real reason for the decrease in the price of cars is the tobity of 'Compassion Cess'. Now the total tax has decreased by 10%. So this means that the tax which used to be up to 50 percent earlier, is now reduced to 40.

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Malkhan Singh

Malkhan Singh has been in the world of news and content for the last 17 years. In the journey from print media to digital media, the name of many well -known institutions is connected in profiles. Working with News18Hindi for almost 4 years …Read more

Malkhan Singh has been in the world of news and content for the last 17 years. In the journey from print media to digital media, the name of many well -known institutions is connected in profiles. Working with News18Hindi for almost 4 years … Read more

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Location:

New Delhi,New Delhi,Delhi

First Published:

September 10, 2025, 14:05 IST

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GST increased on big cars in India, but the price was low, how did it happen?

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