2023 Hyundai i20 N Line loan EMI on Rs 2.2 lakh down payment: Details explained – Times of India

2023 Hyundai i20 N Line loan EMI on Rs 2.2 lakh down payment: Details explained - Times of India


After introducing a mid-life facelift for the third-gen i20 in the Indian market earlier this month, Hyundai has followed with the updated version of the i20 N Line – the sportier version of the hatch. Along with the makeover, the i20 N Line now gets a new 6-speed manual transmission which replaces the iMT (clutchless manual) gearbox that was previously offered with the car.
Planning to buy the new Hyundai i20 N Line and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the performance-oriented hatch, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

Variant On-road price
Tenure Interest rate Down payment EMI
N6 6MT Rs 11.12 lakh 5 years 10% Rs 2.22 lakh Rs 18,961
N6 7DCT Rs 12.79 lakh 5 years 10% Rs 2.56 lakh Rs 21,731
N8 6MT Rs 12.93 lakh 5 years 10% Rs 2.58 lakh Rs 21,981
N8 7DCT Rs 14.18 lakh 5 years 10% Rs 2.84 lakh Rs 24,104

To simplify the process, we have chosen an average tenure period of five years as standard, along with approximately 20% down payment amount, and an estimated 10% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your equated monthly installment (EMI) respectively.

Safety is among top three features buyers want: New Tata Nexon to drive segment growth | TOI Auto

Hyundai now offers the i20 in two variants – N6 and N8, both with a 6-speed manual transmission along with an optional 7-speed DCT. Pricing for the performance hatch ranges from Rs 9.99 lakh to Rs 12.32 lakh (ex-showroom), however, the estimated on-road price (Delhi) of the car ranges from Rs 11.12 lakh to Rs 14.18 lakh.
Do let us know in the comments down below if you’d like to know the loan EMI for any other car, motorcycle or scooter of your choice.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *