Bring Hyundai Grand i10 Nios home after a down payment of Rs 2 lakh, read the full finance plan
South Korea's leading automaker Hyundai offers Grand i10 Nios as a budget car in the Indian market. If you are also planning to buy the base variant Era of this car, then after paying Rs 2 lakh, how much (Hyundai Grand i10 Nios Era EMI) can you buy it by paying every month. Let's know.
Grand i10 Nios is offered by Hyundai in the Indian market at a price of less than Rs 6 lakh. If you are planning to buy the base variant Era of this car and bring it home and want to bring it home after making a down payment of Rs 2 lakh, then how much EMI will have to be paid every month. We are giving you information about this in this news.
The base variant Era of Grand Nios i10 is offered by Hyundai at an ex-showroom price of Rs 592300. If this hatchback is bought in Delhi, then you will have to pay about Rs 31 thousand for RTO and about Rs 33 thousand for insurance along with Rs 500 for Fastag. After which the Hyundai Grand Nios i10 Era on road price will be around Rs 6.57 lakh.
If you buy the base variant of this vehicle, then the bank will finance it at the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to finance about Rs 4.57 lakh from the bank. If you are given Rs 4.57 lakh for seven years with nine percent interest from the bank, then you will have to pay an EMI of Rs 7353 every month for the next seven years.
If you take a car loan of Rs 4.57 lakh from the bank for seven years with an interest rate of nine percent, then you will have to pay an EMI of Rs 7353 every month for seven years. In such a situation, in seven years you will pay around Rs 1.60 lakh as interest for the Hyundai Grand Nios i10 Era. After which the total price of your car including ex-showroom, on-road, and interest will be around Rs 8.17 lakh.
