Hyundai Alcazar Car Loan EMI Calculator

₹ 30,394.
Here is how - Hyundai Alcazar price starts from ₹ 17,76,817 in Mumbai. If you pay a down payment of ₹ 2,77,817 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 30,394.

The cheapest Alcazar model is Executive 1.5 Petrol MT 7STR which is priced at ₹ 17,76,817 in Mumbai. You will need to pay at least a ₹ 2,77,817 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 Alcazar.

Version	On-road price in Mumbai	Max Loan
Platinum 1.5 Petrol DCT 6STR	₹ 25,04,890	₹ 20,99,900
Executive Matte 1.5 Petrol 7STR	₹ 17,98,435	₹ 15,14,000
Platinum 1.5 Petrol DCT 7STR	₹ 24,94,275	₹ 20,90,900
Prestige Matte 1.5 Petrol 7STR	₹ 20,54,373	₹ 17,32,900
Signature 1.5 Petrol DCT 6STR	₹ 25,52,066	₹ 21,39,900
Platinum Matte 1.5 Petrol 7STR Dual Tone	₹ 23,20,952	₹ 19,60,900
Signature 1.5 Petrol DCT 7STR	₹ 25,28,478	₹ 21,19,900
Platinum Matte 1.5 Petrol DCT 7STR Dual Tone	₹ 25,11,966	₹ 21,05,900
Platinum 1.5 MT Petrol 7STR	₹ 23,03,414	₹ 19,45,900
Platinum Matte 1.5 Petrol DCT 6STR Dual Tone	₹ 25,22,581	₹ 21,14,900
Prestige 1.5 Petrol MT 7STR	₹ 20,36,835	₹ 17,17,900
Executive 1.5 Petrol MT 7STR	₹ 17,76,817	₹ 14,99,000
Platinum 1.5 Diesel AT 6STR	₹ 25,47,728	₹ 20,99,900
Signature Matte 1.5 Petrol DCT 7STR Dual Tone	₹ 25,46,169	₹ 21,34,900
Platinum 1.5 Diesel AT 7STR	₹ 25,36,929	₹ 20,90,900
Signature Matte 1.5 Petrol DCT 6STR Dual Tone	₹ 25,69,757	₹ 21,54,900
Signature 1.5 Diesel AT 6STR	₹ 25,95,720	₹ 21,39,900
Executive Matte 1.5 Diesel 7STR	₹ 19,48,281	₹ 16,14,000
Signature 1.5 Diesel AT 7STR	₹ 25,71,724	₹ 21,19,900
Prestige Matte 1.5 Diesel 7STR	₹ 20,89,725	₹ 17,32,900
Platinum 1.5 MT Diesel 7STR	₹ 23,43,110	₹ 19,45,900
Platinum Matte 1.5 Diesel 7STR Dual Tone	₹ 23,60,954	₹ 19,60,900
Prestige 1.5 Diesel MT 7STR	₹ 20,71,881	₹ 17,17,900
Executive 1.5 Diesel MT 7STR	₹ 19,30,437	₹ 15,99,000
Platinum Matte 1.5 Diesel AT 7STR Dual Tone	₹ 25,54,926	₹ 21,05,900
Platinum Matte 1.5 Diesel AT 6STR Dual Tone	₹ 25,65,725	₹ 21,14,900
Signature Matte 1.5 Diesel AT 7STR Dual Tone	₹ 25,89,721	₹ 21,34,900
Signature Matte 1.5 Diesel AT 6STR Dual Tone	₹ 26,13,717	₹ 21,54,900

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 Alcazar Executive 1.5 Petrol MT 7STR will be ₹ 27,694 but you will have to pay interest of ₹ 8,27,296 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 ₹ 55,679, but your interest payment will be only ₹ 5,05,444 over the 3 years period.

₹ 30,394
Hyundai Alcazar price starts from ₹ 17,76,817 in Mumbai.

We have considered
Down-payement : ₹ 2,77,817
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,93,000

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 Alcazar starts from ₹ 17.77 Lakh, you can get a loan with an annual income as low as ₹ 5.93 lakh.

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

• 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.