Hyundai Verna [2006-2010] Car Loan EMI Calculator

₹ 13,380.
Here is how - Hyundai Verna [2006-2010] price starts from ₹ 7,33,219 in Mumbai. If you pay a down payment of ₹ 73,317 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,380.

The cheapest Verna [2006-2010] model is i which is priced at ₹ 7,33,219 in Mumbai. You will need to pay at least a ₹ 73,317 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 Verna [2006-2010].

Version	On-road price in Mumbai	Max Loan
i	₹ 7,33,219	₹ 6,59,902
Xi	₹ 7,53,776	₹ 6,78,664
XXi	₹ 8,18,448	₹ 7,37,687
VGT CRDi	₹ 8,73,219	₹ 7,88,652
XXi ABS	₹ 8,40,754	₹ 7,58,045
VGT CRDi ABS	₹ 8,82,308	₹ 7,98,568
VGT CRDi SX	₹ 9,30,668	₹ 8,40,972
VGT CRDi SX ABS	₹ 9,38,139	₹ 8,49,578
VTVT 1.6	₹ 7,64,835	₹ 6,87,754
VTVT SX 1.6	₹ 8,52,506	₹ 7,67,539
CRDI VGT 1.5	₹ 9,13,793	₹ 8,26,009
CRDI VGT SX 1.5	₹ 9,72,188	₹ 8,79,216
CRDI VGT SX A/T 1.5	₹ 10,45,936	₹ 9,46,411

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 Verna [2006-2010] i will be ₹ 11,428 but you will have to pay interest of ₹ 3,00,050 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 ₹ 22,976, but your interest payment will be only ₹ 1,67,234 over the 3 years period.

₹ 13,380
Hyundai Verna [2006-2010] price starts from ₹ 7,33,219 in Mumbai.

We have considered
Down-payement : ₹ 73,317
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Verna [2006-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,45,000

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 Verna [2006-2010] starts from ₹ 7.33 Lakh, you can get a loan with an annual income as low as ₹ 2.45 lakh.

Here are the most important things you should consider while getting a car loan for a new Verna [2006-2010]

• 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.