Hyundai Creta is one of the most popular cars sold in the indian market. The price of hyundai Creta starts from Rs 11.11 lakh and goes up to Rs 20.50 lakh. If you are planning to buy this car but due to low budget it is not possible, then you can bring home the cheapest model of this car on EMI. You can buy the base model of hyundai Creta on a car loan, by depositing a fixed amount every month, this hyundai car will be yours in a few months. Let's know about the finance plan of hyundai Creta.
How much down payment will you get the car?
The cheapest variant of hyundai Creta is priced at Rs 11.11 lakh in New Delhi. To buy this car, you can get a loan of about Rs 10 lakh and you will have to deposit one lakh rupees as down payment. According to the interest charged on this loan, a fixed amount will have to be deposited in the bank every month.
How much EMI will have to be paid every month?
If you take a loan for seven years to buy hyundai Creta and the bank charges 9 percent interest on this loan, then every month an EMI of about 16 thousand rupees will have to be deposited in the bank. If your monthly salary is 50 thousand rupees, then this car can come in your budget.
If you take a loan for six years to buy this hyundai car, then every month an installment of about 18 thousand rupees will have to be deposited in the bank at an interest rate of 9 percent. If a loan is taken for five years to buy this petrol variant of hyundai Creta, then an installment of 21 thousand rupees will be deposited every month for 60 months at an interest rate of 9 percent.
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