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Hyundai i20 Base Variant EMI Explained: Monthly Installment, Down Payment and Total Cost
Automaker Hyundai offers the i20 in the premium hatchback segment. If you are considering purchasing its base variant, let’s find out what the monthly EMI would be after making a down payment of ₹1 lakh.
There are several categories in which Hyundai sells its cars; one such category includes that of the premium hatchback range where i20 is sold. The following information reveals how much of monthly EMI you have to pay in case you wish to buy the basic variant by paying a down payment of ₹1 lakh.
There are several variants in the Hyundai i20 series. The ex-showroom price for the basic variant is ₹6 lakh. In Delhi, you will also need to pay around ₹24,000 as the cost of RTO and about ₹35,000 as the cost of insurance. This makes the on-road price ₹6.58 lakh for you.
In case you purchase the basic variant, the bank finances the ex-showroom price of the car. This means that after paying ₹1 lakh as down payment, you will have to take a loan of ₹5.58 lakh from the bank. If you are approved of the loan amount for seven years at an interest rate of 9%, your monthly EMI will be ₹8,986.
