Hyundai i20 Active Car Loan EMI Calculator

₹ 14,438.
Here is how - Hyundai i20 Active price starts from ₹ 8,33,849 in Mumbai. If you pay a down payment of ₹ 1,21,797 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,438.

The cheapest i20 Active model is 1.2 Base which is priced at ₹ 8,33,849 in Mumbai. You will need to pay at least a ₹ 1,21,797 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 i20 Active.

Version	On-road price in Mumbai	Max Loan
1.2 Base	₹ 8,33,849	₹ 7,12,052
1.2 S	₹ 8,23,417	₹ 7,04,693
1.2 SX	₹ 9,31,074	₹ 7,98,993
1.2 SX Dual Tone	₹ 10,26,237	₹ 8,86,291
1.4 S	₹ 10,81,780	₹ 9,12,910
1.4 SX	₹ 11,02,065	₹ 9,24,003
1.4 SX Dual Tone	₹ 12,23,031	₹ 10,18,945

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 i20 Active 1.2 Base will be ₹ 12,997 but you will have to pay interest of ₹ 3,79,696 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 ₹ 26,130, but your interest payment will be only ₹ 2,28,628 over the 3 years period.

₹ 14,438
Hyundai i20 Active price starts from ₹ 8,33,849 in Mumbai.

We have considered
Down-payement : ₹ 1,21,797
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy i20 Active with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,78,000

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 i20 Active starts from ₹ 8.34 Lakh, you can get a loan with an annual income as low as ₹ 2.78 lakh.

Here are the most important things you should consider while getting a car loan for a new i20 Active

• 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.