New Delhi:
Hyundai Creta is the country’s best-selling subcompact SUV in the Indian market. The bumper demand of this vehicle can be gauged from the fact that in the month of May last year, it had won the title of best selling car. Its starting Delhi ex-showroom price in the Indian market is Rs 10.28 lakh, which goes up to Rs 17.87 lakh on its top end variant. In such a situation, if you want to buy this car on loan, then this news of ours is just for you.
Today we will tell you how much EMI will be made for the month if you finance the base variant of Hyundai Creta for 5 years. Apart from this, we will also tell you how much interest you will have to pay on this. So let’s have a look…
What is the on-road price of Hyundai Creta?
The base variant 1.5 E petrol of Hyundai Creta has a Delhi ex-showroom price of Rs 10,44,000. But, if we talk about the on-road price, then Rs 1,30,500 for RTO and Rs 27,407 for insurance is added to this. That is, its Delhi on-road price becomes Rs 12,01,907. It is important to note here that there may be a slight change in the on-road price.
How much will EMI be made after 5 years?
Now let’s talk about financing Hyundai Creta, so if you take a loan from SBI, then you may have to pay an interest of about 7.70 to 13.25 percent. In such a situation, if the interest rate of 7.70 per cent is added, then you will have to pay a monthly EMI of Rs 23,191 every month during the tenure of 5 on Hyundai Creta.
How much interest will come in 5 years?
On financing the Hyundai Creta at the rate of 7.70 percent for a period of 5 years, an interest of Rs 2,39,582 will come.
How much more will you have to pay on a 5 year loan?
A total of Rs 11,51,907 + Rs 2,39,582 (interest) = Rs 13,91,489 will have to be paid for financing the Hyundai Creta for 5 years. In this, if the down payment amount of Rs 50,000 is added, then a total of Rs 14,41,489 will have to be paid.
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