Hyundai i20 Elite Car Loan|i20 EMI, Downpayment

Hyundai i20 Elite Car Loan

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Car Loan for Hyundai i20: Features & Benefits

Interest Rate Hyundai i20	8.50% – 10.5 % Per Annum
Loan Amount	Upto 100% of the total amount
Tenure	12 – 84 Months
Lowest EMI per Lakh	Rs 1,666
Processing Fee	Rs 2,500 – Rs 10,000
Prepayment Charges	Varies with Banks

Hyundai i20 Car Loan Eligibility Criteria:

Particulars	Details
Minimum Age of the Applicant	18 years
Maximum Age of the Applicant	60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income	Rs. 100000 net annual income. for salaried individuals, and Net profit Rs. 60000 p.m. for Self – Employed individuals
Car Model	Any approved car model
Type of Employment	Salaried or self-employed
Country or Place of Residence	India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence	A minimum of 1 year

Hyundai i20 Car Loan EMI Calculator:

The Equated Monthly Installment (abbreviated as EMI) is the amount that will be paid to the bank/NBFC before the loan is fully repaid. It includes the amount paid by the bank to pay Hyundai i20* fees and the interest on that amount.
DialaBank provides an ideal car loan EMI calculator for Hyundai i20. The EMI calculator will help you make a wise and wise decision about EMI loan amount, interest rate, lifespan and attendant costs.

The formula for calculating EMI is as follows:
E is EMI
P is the Principal Amount to be repaid
R is the monthly interest rate calculated. (i.e., r = interest rate/12/100 annually. If the interest rate is 10.5% a year, then r = 10.5/12/100=0.00875)
n shall be the period of loan/tenure / duration in months

*The individual loan amount depends on the above criteria

Hyundai i20 Car Loan Interest Rate, Fees, and Charges:

Interest Rate	8.25% – 14.26% (Avg – 9.40%)
Processing Fee	Lower of Rs. 10,000 or 0.4% of car loan sanctioned
Foreclosure Charges	3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago)
Documentation Fees	Rs. 600 each time
Penalty for Late Payment	2% each month
Financing Quantum	up to 100% depending on customer profile

There is a number of charges associated with car loans in addition to the above charges. Fees such as taxes, road fees, loan cancellation, credit transfers, etc. These various charges are the same for all lenders.
Small differences could, however, be subject to regional costs.

Hyundai i20 Documents Required for A Car Loan

Documents required for a car loan are as followed:

Identification proof
Proof of age
Address proof
Application form
Passport size photograph
Income proof
Bank statement
Proforma Invoice
Signature verification proof

Hyundai i20 Car Loan Documents Required for Salaried Professionals:

Document	Requirement
Identity Proof	Aadhaar card PAN card Driving License Passport Voter ID
Address Proof	Aadhaar card Passport Driving License Voter ID Family card (ration card) Utility bill (Electricity, water, or telephone) Life insurance policy The applicant’s name must be present on the ration card or utility bill.
Age Proof	Birth certificate School transfer certificate Std. 10 mark sheet Aadhaar card
Income Proof	Salary slips Form 16 Income tax return document
Bank Statement	3 to 6 months bank statement
Signature Verification Proof	Banks have separate forms for applicants to fill up along with their signature
Proforma Invoice	This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car.

Hyundai i20 Car Loan Documents for Self-Employed Individuals:

Document	Requirement
Identity Proof	Aadhar card PAN card Passport Voter ID Driving license
Address Proof	Aadhar card Passport Voter ID Driving license Ration card Utility bill (telephone, electricity, or water) Life insurance policy
Age Proof	Birth certificate School transfer certificate Marksheet Aadhaar card
Bank Statement	3-6 months bank statement
Business Ownership Proof	To prove that the business is under operation, the following can be provided: Office address proof Maintenance bill Utility bill Additionally, the applicant must also provide a copy of the business registration license.
Proof of Income	Income tax returns for up to 2 years Audited balance sheet Profit-loss statement
Signature Verification Proof	Most banks have separate forms to prove the signature of the individual.
Proforma Invoice	A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan.

Hyundai i20:

Hyundai i20 Car Loan

Ex-showroom price: Rs. 6.85 – Rs. 11.34 Lakh

Hyundai i20 Price:

The cost of the Hyundai i20 starts at Rs 6.85 Lakh and goes up to Rs 11.34 Lakh. The beautiful hatchback has 24 variant to offer. The base model is the i20 Magna and at the top of the pile is the Hyundai i20 Asta Opt Tubro DCT DT which comes with a price tag of Rs 11.34 Lakh.

Prices of Hyundai i20 Ex-showroom Delhi:

Variant	Ex-Showroom Price
Magna 1197 cc, Manual, Petrol, 20.35 kmpl	Rs.6.85 Lakh^*
Sportz 1197 cc, Manual, Petrol, 20.35 kmpl	Rs.7.69 Lakh^*
Sportz DT 1197 cc, Manual, Petrol, 20.35 kmpl	Rs.7.84 Lakh^*
Magna Diesel 1493 cc, Manual, Diesel, 25.2 kmpl	Rs.8.19 Lakh^*
Sportz IVT 1197 cc, Automatic, Petrol, 19.65 kmpl	Rs.8.69 Lakh^*
Asta 1197 cc, Manual, Petrol, 20.35 kmpl Top Selling	Rs.8.80 Lakh^*
Sportz Turbo iMT998 cc, Manual, Petrol, 20.25 kmpl	Rs.8.81 Lakh^*
Sportz IVT DT 1197 cc, Automatic, Petrol, 19.65 kmpl	Rs.8.84 Lakh^*
Asta DT 1197 cc, Manual, Petrol, 20.35 kmpl	Rs.8.95 Lakh^*
Sportz Turbo iMT DT 998 cc, Manual, Petrol, 20.25 kmpl	Rs.8.96 Lakh^*
Sportz Diesel 1493 cc, Manual, Diesel, 25.2 kmpl	Rs.8.99 Lakh^*
Sportz Diesel DT 1493 cc, Manual, Diesel, 25.2 kmpl	Rs.9.14 Lakh^*
Asta Op t1197 cc, Manual, Petrol, 20.35 kmpl	Rs.9.33 Lakh^*
Asta Opt DT 1197 cc, Manual, Petrol, 20.35 kmpl	Rs.9.48 Lakh^*
Asta IVT 1197 cc, Automatic, Petrol, 19.65 kmpl	Rs.9.80 Lakh^*
Asta Turbo iMT 998 cc, Manual, Petrol, 20.25 kmpl	Rs.9.91 Lakh^*
Asta IVT DT 1197 cc, Automatic, Petrol, 19.65 kmpl	Rs.9.95 Lakh^*
Asta Turbo iMT DT 998 cc, Manual, Petrol, 20.25 kmpl	Rs.10.06 Lakh^*
Asta Opt Diesel 1493 cc, Manual, Diesel, 25.2 kmpl	Rs.10.59 Lakh^*
Asta Turbo DCT 998 cc, Automatic, Petrol	Rs.10.68 Lakh^*
Asta Opt Diesel DT 1493 cc, Manual, Diesel, 25.2 kmpl	Rs.10.74 Lakh^*
Asta Turbo DCT DT 998 cc, Automatic, Petrol, 20.28 kmpl	Rs.10.83 Lakh^*
Asta Opt Turbo DCT 998 cc, Automatic, Petrol	Rs.11.19 Lakh^*
Asta Opt Turbo DCT DT 998 cc, Automatic, Petrol, 20.28 kmpl	Rs.11.34 Lakh^*

*- Ex-showroom Price, Delhi

Down payment Required For Hyundai i20 Car Loan:

The down payment is the difference between the Hyundai i20 on-road price and the amount of the loan. In determining this same interest rate, the principal and length of the loan are important. It is also possible to negotiate with the loan at a lower interest rate. The lender finances usually 90% of the on-road price of Hyundai i20. Some consumers may also receive 100% funding.
To find out more about the down payment required, contact your nearest bank and distributor, as this is different with the region and the bank you prefer.

About Hyundai i20:

Hyundai i20 is a 5-person hatchback. It is between Rs 6.85 lakh – Rs 11.34 lakh in the price range. The engine is new and BS6 compliant, and two drive modes – manual and automatic – are available. Hyundai i20 comes in 24 variants; we’re delighted to make choices. The boat is large and has a cargo capacity of 311 litres.
For the Hyundai i20, there are nine colour options.

Hyundai i20 Mileage:

Fuel Type	Transmission	ARAI Claimed	User Reported
Diesel	Manual	25.2 Kmpl	20 Kmpl
Petrol	Automatic	20.28 Kmpl	18 Kmpl
Petrol	Manual	20.35 Kmpl	12 Kmpl

How to get Hyundai i20 Car Loan

Visit the official page of Dialabank
Go to the Car Loan option and provide the required information.
Our relationship manager will get in touch with you over your application.
Please Contact Dialabank at 9878981166 for further queries.

Hyundai i20 News:

Discounts on Hyundai i20 in May 2021

An exchange bonus of Rs. 10,000, a discount for a corporate of Rs. 5000, and a 5 year Shield of Trust package can be availed on the iMT Turbo and diesel variants of Hyundai i20.