Hyundai Venue Diesel Variant: On-Road Price, EMI Details, and Total Cost Over 7 Years
Car Finance Plan: Automaker Hyundai recently launched the new generation of the Hyundai Venue in the compact SUV segment. If you're considering buying the diesel version, how much EMI can you pay per month after making a down payment of just ₹2 lakh? Let's find out.
Hyundai, one of the leading automakers in India, recently launched the new generation of the Venue in the compact SUV segment. If you, too, are planning to buy the diesel variant of this SUV, then how much EMI can you pay every month after making a down payment of ₹2 lakh?
Hyundai offers the new generation of the Venue in the compact SUV segment. The ex-showroom price for this SUV's diesel version is ₹9.70 lakh for the HX2 variant. For Delhi, the on-road price amounts to about ₹11.03 lakh. Excluding the ex-showroom price of ₹9.70 lakh, it adds approximately ₹85,000 as RTO and approximately ₹48,000 as insurance.
For the base variant with the diesel engine, the bank will finance the ex-showroom price. So, putting a down payment of ₹2 lakh will have you financing around ₹9.03 lakh from the bank. If the bank lends ₹9.03 lakh for seven years at 9 per cent interest, you will have to pay an EMI of a mere ₹14,532 every month for the next seven years.
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If you take a car loan of Rs 9.03 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 14532 every month for seven years. In this way, in seven years, you will pay around Rs 3.17 lakh as interest for the Hyundai Venue. After which, the total price of the car, including ex-showroom, on-road, and interest, will be around Rs 14.20 lakh.
Hyundai offers the Venue in the compact SUV segment. Hence, it competes directly with SUVs like Maruti Brezza, Kia Sonet, Kia Syros, Tata Nexon, and Mahindra XUV 3XO.
