Planning to Buy Hyundai Exter CNG? Here’s the Monthly EMI After ₹2 Lakh Down Payment

One of India's leading automakers, Hyundai, sells the Hyundai Exter in the compact SUV segment. If you are also planning to buy the CNG variant of this car. Then let us tell you, after making a down payment of ₹2 lakh, how much EMI can you pay per month to buy it?

Hyundai offers the EX as the CNG variant of the Exter. The manufacturer is offering the CNG variant of this SUV for sale at an ex-showroom price of ₹6.87 lakh. If purchased in Delhi, the ex-showroom price includes registration and insurance. This includes a registration tax of approximately ₹54,000 and insurance of approximately ₹49,000. The on-road price in Delhi is ₹7.90 lakh.

If you purchase the Hyundai Exter CNG variant, bank financing will be provided at the ex-showroom price. After making a down payment of ₹2 lakh, you will have to borrow approximately ₹5.90 lakh from the bank. If the bank provides you with ₹5.90 lakh for seven years at 9% interest, you will have to pay a monthly EMI of only ₹9,506 for the next seven years.

If you take a car loan of ₹5.90 lakh from a bank for seven years at an interest rate of 9%, you will have to pay an EMI of ₹9,506 per month for seven years. In this case, you will pay approximately ₹2.07 lakh as interest for the CNG variant of the Hyundai Exter over seven years. After this, the total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹9.98 lakh.

Hyundai introduces the Exter in the compact SUV segment. In this segment, it competes directly with the Tata Punch and several hatchbacks. It also faces competition from SUVs like the Nissan Magnite, Renault Kiger, and Maruti Fronx in terms of price.