Hyundai Creta N Line Base Variant EMI: How Much After ₹3 Lakh Down Payment?

Another car that Hyundai, a Korean automobile company, offers is the mid-size SUV, which is also available in a sporty variant, named N Line. If you plan on purchasing this variant, how much will you pay every month, considering that you will pay a down payment of ₹3 lakhs?

Hyundai launches the N8 as the base version of the Creta N Line SUV. The base version of this SUV comes with an ex-showroom price tag of ₹17.83 lakh. If the vehicle is purchased in Delhi, then the price tag for this vehicle, considering the ex-showroom price, would be ₹17.83 lakh, along with the registration tax, which would be around ₹1.78 lakh, and the insurance, which would be around ₹78,000. Moreover, the TCS charges would be around ₹18,000, making the on-road price tag for this vehicle in Delhi ₹20.57 lakh.

If you purchase the base variant of the Hyundai Creta N Line, the bank will finance the ex-showroom price. After making a down payment of ₹3 lakh, you will have to finance approximately ₹17.57 lakh from the bank. If the bank lends you ₹17.57 lakh for seven years at 9% interest, you will have to pay a monthly EMI of only ₹28,277 for the next seven years.

If you take a car loan of Rs 17.57 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 27277 every month for seven years. In this case, in seven years you will pay around Rs 6.17 lakh as interest for the base variant of Hyundai Creta N Line. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 26.75 lakh.

Hyundai brings Creta N Line in the mid-size SUV segment. In this segment, it competes directly with mid-size SUVs like MG Hector, Maruti Grand Vitara, Toyota Hyryder, Mahindra Scorpio.