South Korean carmaker Hyundai's cars are becoming increasingly popular in the Indian market. Especially, in this festive season, Hyundai's SUV "Creta" has surpassed everyone in terms of sales. A total of 17,497 units of Hyundai Creta were sold in October 2024, making it the best-selling car of this month. Hyundai launched the new model of Creta earlier this year, which is getting tremendous response from customers.
Hyundai Creta Price and Variants
The ex-showroom price of Hyundai Creta starts at Rs 11 lakh and the top variant goes up to Rs 20.30 lakh. If you want to buy its base variant, then its on-road price is around Rs 12.74 lakh. Let's know how it can be bought on EMI.
How to buy Hyundai Creta on EMI?
If you want to buy the E (petrol) variant of Hyundai Creta and take it on EMI, you will have to make a down payment of Rs 1,27,000 initially. After this, you can take a loan from the bank for the remaining amount, which can be for 4 to 7 years according to your convenience. The interest rate of the loan can range from 8% to 18%, which depends on the rules of the bank.
EMI calculation for different tenures
Loan for four years:
If the loan is taken for four years and the interest rate is 9%, then Rs 28,535 will have to be paid as EMI every month.
Loan for five years:
If the interest rate on a five-year loan is 9%, then the monthly EMI to be paid will be Rs 23,800.
Loan for six years:
If the loan tenure is six years, then Rs 20,700 will have to be deposited every month.
Loan for seven years:
The EMI on a seven-year loan would be around Rs 18,449 per month.
Loan Terms and Conditions
It is worth noting that the loan terms may vary from bank to bank, so the down payment and EMI amount may change depending on the terms given by the bank. Also, interest rates are also decided based on the bank and your credit score. This time can be a great opportunity to buy Hyundai Creta on EMI. If you are thinking of buying a mid-range SUV, then Hyundai Creta's attractive EMI scheme makes it even more affordable.
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