Know About Hyundai Creta SUV EMI Loan on Rs 1.2 lakh Down Payment: Details Explained

Currently in its second generation version, the Hyundai Creta is one of the best selling SUVs in the Indian market. The feature-rich SUV comes with a range of powertrain options to choose from, which is one of the reasons for the Creta’s growing popularity in the country.
If you’re thinking of buying the Hyundai Creta and wondering how much EMI you’ll have to pay, we’re here to help. Here is a table showing the on-road (Delhi) price per variant of the Hyundai midsize SUV, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a drop Payment –
Variant On-road prices
(Delhi)
Mandate Interest rate
(valued)
Deposit NDE
Essence
1.5E Rs 12,19,778 5 years 9.8% Rs 1,20,000 23,259 rupees
1.5EX Rs 13,27,217 5 years 9.8% Rs 1,33,000 25,256 rupees
1.5S Rs 14,68,402 5 years 9.8% Rs 1,47,000 27,946 rupees
1.5S iMT Rs 14,94,803 5 years 9.8% Rs 1,49,000 28,462 rupees
1.5 S+ Knight Rs 15,72,398 5 years 9.8% Rs 1,57,000 29,934 rupees
1.5 SX Executive Rs 15,81,695 5 years 9.8% Rs 1,58,000 30,109 rupees
1.5SX Rs 16,72,146 5 years 9.8% Rs 1,67,000 31,832 rupees
1.4 Turbo S+ DCT Rs 18,09,315 5 years 9.8% Rs 1,81,000 34,437 rupees
1.5SX IVT Rs 18,42,028 5 years 9.8% Rs 1,84,000 35,065 rupees
1.5SX(O)IVT Rs 19,80,917 5 years 9.8% Rs 1,98,000 37,707 rupees
1.5 SX (O) Knight IVT Rs 19,98,021 5 years 9.8% Rs 2,00,000 38,026 rupees
1.4 Turbo SX(O)DCT Rs 21,04,885 5 years 9.8% Rs 2,10,000 40,074 rupees
Diesel
1.5E Rs 13,01,236 5 years 9.8% Rs 1,30,000 24,770 rupees
1.5EX Rs 14,62,386 5 years 9.8% Rs 1,46,000 27,840 rupees
1.5S Rs 16,12,512 5 years 9.8% Rs 1,61,000 30,698 rupees
1.5 S+ Knight Rs 17,18,771 5 years 9.8% Rs 1,72,000 32,712 rupees
1.5SX Rs 18,31,249 5 years 9.8% Rs 1,83,000 34,858 rupees
1.5SX (O) Rs 19,70,817 5 years 9.8% Rs 1,97,000 37,514 rupees
1.5SX(O)AT Rs 21,36,190 5 years 9.8% Rs 2,14,000 40,652 rupees
1.5 SX (O) Knight AT Rs 21,53,664 5 years 9.8% Rs 2,15,000 41,000 rupees

To simplify, we have chosen an average occupancy period of 5 years as standard, as well as a down payment of approximately 10% and an estimated bank interest rate of 9.8%. Note that as a buyer, you are free to decide how long you take out the loan, as the interest rate varies from bank to bank. Additionally, you can also choose to pay a higher or lower down payment, which will decrease or increase your Easy Monthly Payment (EMI) respectively.

Hyundai is currently selling the Creta at a base price of Rs 10.44 lakh for the naturally aspirated entry-level E 1.5 petrol variant, which goes up to Rs 18.18 lakh (both prices, ex-showroom ) for the 1.5 SX range. (O) Knight diesel AT model. However, the on-road (Delhi) price of the SUV is between Rs 12.20 lakh and Rs 21.54 lakh.
If you were to buy the 1.5 diesel SX(O)AT variant of the Hyundai Creta SUV (ex-showroom price – Rs 18.03 lakh), paying Rs 2.14 lakh as down payment on Rs 21,36,190 on-road (Delhi) price, you will end up paying Rs 40,652 as an EMI for a period of 60 months (5 years) against a total loan amount of Rs 19,22,190. At the end of the term, you would have paid Rs 26.53 lakh (all inclusive) for the SUV, which also includes the deposit paid at the start.
Let us know in the comments below if you want to know the EMI for any other car or motorcycle of your choice!

About Matthew R. Dailey

Check Also

House prices are skyrocketing. 4 ways to increase your down payment funds

Image source: Getty Images Here’s how to scrounge up the extra cash you need for …