Hyundai Motor India Creta Base Variant EMI: How Much You’ll Pay After ₹2 Lakh Down Payment

Hyundai has several cars in different segments in India. The Creta model is in the mid-size SUV segment. If you want to buy the basic variant of this car, what will be your monthly installments after paying a down payment of 2 lakhs?

The E variant of the car is sold by Hyundai under its diesel variant name. The cost of the base variant of this SUV is fixed at an ex-showroom price of ₹10.79 lakh. In case you are purchasing this car in Delhi, you will have to pay the ex-showroom price of ₹10.79 lakh along with registration and insurance charges. In order to purchase this car, you will have to pay registration charges of about ₹1.12 lakh and insurance charges of about ₹52,000. In addition to this, you will have to pay about ₹11,000 on account of TCS and Fastag charges. This brings the on-road price in Delhi to ₹12.54 lakh.

If you purchase the base variant of the Hyundai Creta, the bank will finance the ex-showroom price. After making a down payment of ₹2 lakh, you'll need to finance approximately ₹10.54 lakh from the bank. If the bank lends you ₹10.54 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of only ₹16,960 for the next seven years.

If you take a car loan of Rs 10.54 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 16960 every month for seven years. In this case, in seven years you will pay around Rs 3.70 lakh as interest for the base variant of Hyundai Creta. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 16.24 lakh.

Hyundai brings Creta 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.