Hyundai Eon Car Loan EMI Calculator

₹ 5,997.
Here is how - Hyundai Eon price starts from ₹ 3,52,281 in Bangalore. If you pay a down payment of ₹ 56,520 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 5,997.

The cheapest Eon model is D-Lite O [2011-2012] which is priced at ₹ 3,52,281 in Bangalore. You will need to pay at least a ₹ 56,520 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Eon.

Version	On-road price in Bangalore	Max Loan
D-Lite	₹ 4,07,363	₹ 3,34,900
D-Lite O [2011-2012]	₹ 3,52,281	₹ 2,95,761
Era [2011-2012]	₹ 3,76,120	₹ 3,16,027
Magna [2011-2012]	₹ 4,05,920	₹ 3,41,360
Magna O [2011-2012]	₹ 4,17,842	₹ 3,51,494
Sportz	₹ 5,33,355	₹ 4,41,731
D-Lite + LPG [2012-2015]	₹ 4,07,828	₹ 3,44,531
Era + LPG	₹ 4,63,883	₹ 3,90,546
Magna + LPG [2012-2016]	₹ 5,09,739	₹ 4,28,689
D-Lite +	₹ 4,45,542	₹ 3,67,273
Era +	₹ 4,63,914	₹ 3,81,400
Magna +	₹ 4,99,781	₹ 4,13,263
1.0 Kappa Magna + [2014-2016]	₹ 5,02,200	₹ 4,17,050
1.0 Kappa Magna + (O) [2014-2016]	₹ 5,26,667	₹ 4,44,757
Era + LPG Airbag	₹ 4,75,591	₹ 4,00,459
1.0 Kappa Magna AirBag	₹ 5,38,481	₹ 4,49,941
D-Lite + AirBag	₹ 4,39,659	₹ 3,66,353
Era + AirBag	₹ 4,73,877	₹ 3,91,299
Magna + AirBag	₹ 5,11,455	₹ 4,23,162
1.0 Kappa Magna (O) AirBag	₹ 5,60,610	₹ 4,64,841
1.0 Kappa Era +	₹ 5,19,852	₹ 4,30,281
Era + SE	₹ 4,81,398	₹ 3,97,675
Magna + SE	₹ 5,11,475	₹ 4,23,178

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Eon D-Lite O [2011-2012] will be ₹ 5,491 but you will have to pay interest of ₹ 1,65,483 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 11,039, but your interest payment will be only ₹ 1,01,643 over the 3 years period.

₹ 5,997
Hyundai Eon price starts from ₹ 3,52,281 in Bangalore.

We have considered
Down-payement : ₹ 56,520
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Eon with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,18,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Eon starts from ₹ 3.52 Lakh, you can get a loan with an annual income as low as ₹ 1.18 lakh.

Here are the most important things you should consider while getting a car loan for a new Eon

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.