Bring home the base variant EX of Hyundai Exter after a down payment of Rs 2 lakh, know how much will be the EMI

Last year, Hyundai introduced Exter in the Indian market to attract the youth. In 12 months, one lakh units of this SUV were sold. If you are also planning to buy the EX variant, which is the base variant of this vehicle, and want to drive it home after making a down payment of Rs 2 lakh, then how much EMI will have to be paid every month. We are giving you information about it in this news.

The base variant of the Hyundai Exter SUV is the EX, and Hyundai sells it in the Indian market for Rs 6.13 lakh ex-showroom. If you buy this SUV in Delhi, then you will pay approximately 54 thousand rupees for RTO and, likewise, approximately 27 thousand rupees for insurance with smart card, MCD charge, and two thousand rupees for fastag. After that, the on-road price of the Hyundai Exter EX gets close to 6.95 lakh rupees.

In case you buy the base variant EX of this SUV, the bank will finance it at the ex-showroom price only. The bank, in such a situation, will finance about ₹4.95 lakh after you make a down payment of two lakh rupees. Now, if the bank gives you 4.95 lakh rupees for seven years at an interest of 8.7 percent, then repaying this loan would involve paying Rs 7889 as EMI every month for the next seven years.

You are availing of the bank's car loan for seven years, which charges an interest rate of 8.7 percent. So, if you take a car loan of ₹4.95 lakh from the bank, then you will have to pay an EMI of ₹7889 per month for seven years. In such a situation, within seven years, you will end up paying nearly ₹1.67 lakhs as interest for the EX variant of Hyundai Exter. After this, your car's ex-showroom, on-road, and interest combined prices would be approximately Rs 8.62 lakh.