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

Last updated:

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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