Hyundai Santro Car Loan EMI Calculator

₹ 7,923.
Here is how - Hyundai Santro price starts from ₹ 3,90,738 in Rambha. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,923.

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

Version	On-road price in Rambha	Max Loan
Magna	₹ 6,19,300	₹ 5,36,200
Sportz	₹ 6,60,025	₹ 5,72,700
Asta	₹ 6,91,267	₹ 6,00,700
Magna AMT	₹ 6,69,114	₹ 5,82,190
Sportz AMT	₹ 6,90,474	₹ 5,99,990
Era Executive	₹ 5,56,122	₹ 4,89,700
Asta AMT	₹ 7,38,849	₹ 6,44,690
Magna CNG	₹ 6,52,740	₹ 6,09,900
Sportz CNG	₹ 6,85,574	₹ 6,41,600
Magna Corporate Edition	₹ 5,97,937	₹ 5,23,680
Magna AMT Corporate Edition	₹ 6,52,259	₹ 5,72,680

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 Santro Dlite will be ₹ 6,090 but you will have to pay interest of ₹ 1,20,822 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 ₹ 12,244, but your interest payment will be only ₹ 50,046 over the 3 years period.

₹ 7,923
Hyundai Santro price starts from ₹ 3,90,738 in Rambha.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,31,000

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 Santro starts from ₹ 3.91 Lakh, you can get a loan with an annual income as low as ₹ 1.31 lakh.

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

• 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.