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Planning to Buy Hyundai Grand i10 Nios? Here’s the EMI Breakdown After ₹1 Lakh Down Payment
Hyundai also offers the Grand Nios in CNG. If you're considering buying the CNG variant of this car, how much EMI will you pay each month after making a down payment of just ₹100,000? Let's find out.
Hyundai manufactures vehicles in multiple segments in India. The Hyundai i10 Grand Nios is an example of a hatchback model. In case you plan to purchase the base model and make an initial payment of ₹1,00,000, how much EMI will you have to pay?
The i10 hatchback is available from Hyundai. For the CNG model, the ex-showroom price comes to ₹7.22 lakh. The cost that you will be paying in Delhi comes to around ₹8.12 lakh. This consists of ₹7.22 lakh as the ex-showroom cost, ₹50,000 for the RTO charge, and around ₹39,000 for insurance.
In case you purchase the base model, the bank will be financing the ex-showroom price. So, after making a down payment of ₹1 lakh, you will have to finance approximately ₹7.12 lakh from the bank. If you are given ₹7.12 lakh for seven years at a nine percent interest rate, you will have to pay only ₹11,453 in EMIs per month for the next seven years.
