You can take the base model of the car (Magna Diesel) home after a downpayment of 94 thousand rupees. The total cost of this car is 8.19 lakh rupees (on road price, New Delhi).
At the beginning of the year, many automobile companies have increased the price of their passenger vehicles. This decision of the companies is directly impacting the pockets of ordinary customers. Customers have to pay big bucks to buy a new car. At the same time, there are many customers who are unable to make lump sum payments.
In such a situation, car companies offer the car on finance to the customers. If you too are thinking of taking a car on finance, then you can take Hyundai’s i20 car. You can take the base model of this car (Magna Diesel) home after a downpayment of 94 thousand rupees. The total cost of this car is 8.19 lakh rupees (on road price, New Delhi).
You have to take a total loan of Rs 8,41,467 after paying down payment, which will have to be repaid in five years. In this way, you will have to pay 9.8 percent interest rate on this loan amount. A total of Rs 10,67,760 including interest will have to be repaid within five years out of which Rs 2,26,293 will be in the form of interest.
During this time you will have to pay Rs 17,796 (EMI) every month. On the other hand, if you want the burden of EMI to be a little less, then you can take a loan for seven years as well. During this time, you have to take a total loan of Rs 8,41,467, which will have to be repaid in five years. More Read: Good News For Ration Card Holders: From March, these ration card holders will start getting ration at home, the mess in the line is over
In this way, you will have to pay 9.8 percent interest rate on this loan amount. A total of Rs 11,66,172 including interest will have to be repaid within five years out of which Rs 3,24,705 will be in the form of interest. During this time you have to pay Rs 13,883 (EMI) every month.
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