Hyundai Venue EMI Plan Explained: Pay Just ₹11,232/Month with ₹2 Lakh Down Payment

Hyundai, one of the largest automobile manufacturers in India, has introduced the next-generation Hyundai Venue in the Compact SUV category. If you're considering buying this SUV, how much EMI can you pay each month after making a down payment of ₹2 lakh? We're telling you in this article.

The Hyundai Venue is available in the Compact SUV segment. The starting price of the car is ₹8 lakh (ex-showroom). The on-road cost of the car in Delhi will be around ₹8.98 lakh. It includes the ex-showroom cost of ₹8 lakh and approximately ₹56,000 towards RTO charges, and ₹42,000 for the insurance cost.

In case you purchase the base petrol variant, the bank will finance your ex-showroom cost. You will have to make an initial down payment of ₹2 lakh, which leaves your financed amount to ₹6.98 lakh. If you are given ₹6.98 lakh for seven years at a nine percent interest rate, you will have to pay only ₹11,232 in EMIs for the next seven years.