Hyundai Creta Compact SUV at Your Nearby Showroom, Drive at an EMI of 14K

Hyundai Creta

The compact SUV segment witnessed a buzz when the Korean automaker Hyundai launched Creta way back in 2015. The demand for the car was huge as the total booking went up to 15,000 on its launch date. Yes, the automobile company commenced the booking before the launch. The 5-seater vehicle hit the Indian roads in as many as 10 variants equipped with both petrol and diesel engines. Soon, four more variants were launched by the car maker. The wave for the SUV is still strong as more than 1.5 lakh units of the same are sold so far in India. This only tells how much Hyundai Creta means to the Indian consumers who see it as a mean to enjoy their life.

When you check the prices, the ex-showroom price of the base model is seen to be at ₹8.92 lakhs. On the other hand, the ex-showroom price of the top end stands at ₹14 lakhs. So, if you have a monthly income of ₹45,000 and above, you would be able to drive the car with comfort as the EMI can range from ₹14,000-28,000.

Catch All The Loan-related Details of Hyundai Creta Here

The ‘Funda’ of a car loan is crystal clear. You can get a loan of around 85%-90% of the on-road price of the vehicle, with the rest 10%-15% to be paid by a borrower upfront in the form of a down payment. Now you would ask me, what this on-road price all about? I will answer it by saying, the on-road price is the sum of ex-showroom price, RTO, insurance, accessory and other charges. The on-road price can thus be few thousands or lakhs higher than the ex-showroom price. In the case of Hyundai Creta models, the loan eligibility can be anywhere between ₹8.50-14.84 lakhs. You can see a complete detail of the same under the below heading.

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Price in India and EMI Option of Hyundai Creta Models

Car ModelsVariantsEngine Displacement (In CC)Mileage (In KMPL)Ex-showroom Price (In Lakhs)On-road Price (In Lakhs)Expected Loan Amount (In Lakhs)Expected EMI (In ₹)
E 1.6Petrol159115.299.2910.408.84 - 9.3614,111 - 16,523
E Plus 1.6Petrol159115.2910.0011.189.50 - 10.0615,164 - 17,759
E Plus 1.4 CRDIDiesel139621.3810.0011.399.68 - 10.2515,452 - 18,094
S 1.4 CRDIDiesel139621.3811.3113.4111.40 - 12.0718,197 - 21,307
SX Plus 1.6Petrol159115.2911.9813.9511.86 - 12.5518,932 - 22,154
SX Plus 1.6 Dual TonePetrol159115.2912.3614.3912.23- 12.9519,522 - 22,860
SX 1.6 CRDIDiesel158219.6712.4514.8112.59 - 13.3320,097- 23,531
S Plus 1.4 CRDIDiesel139621.3812.2214.4612.29 - 13.0119,618 - 22,966
SX Plus 1.6 ATPetrol159115.2912.9915.1112.84 - 13.6020,496 - 24,008
SX Plus 1.6 CRDIDiesel158219.6713.4415.9613.57 - 14.3621,661 - 25,349
S Plus 1.6 AT CRDIDiesel158217.0113.6516.2113.78 - 14.5921,996 - 25,755
SX Plus 1.6 CRDI Dual ToneDiesel158219.6713.8216.4113.95 - 14.7722,268 - 26,073
SX 1.6 CRDI (O)Diesel158219.6714.4917.2014.62 - 15.4823,337 - 27,326
SX Plus 1.6 AT CRDIDiesel158217.0114.5517.2714.68 - 15.5423,433 - 27,432

Note – The loan amount calculated above is derived at 85%-90% of the on-road price. EMIs, on the other hand, are calculated on the basis of 8.75%-12% interest rate and a tenure of 7 years. The ex-showroom and on-road price, as shown in the table above, are applicable to Hyundai Creta models in New Delhi. So, these prices will vary when one has to find the same for other cities.

What About the Processing Fee and Other Charges?

The car loan processing fee can be about 1%-2% of the disbursed amount on which a standard 18% GST will also apply. So, if the lender disburses ₹10 lakh loan to buy a Creta model, a processing fee of ₹10,000-20,000 can be deducted from the concerned financial institution. If we add 18% GST, the resultant fee amount turns out to be 11,800-23,600. But if you are aware of the current development in the car loan segment, you would know that State Bank of India (SBI) has taken off the processing fee from the credit type until December 2017. So, the few thousands which normally go from your pocket towards the fee can be saved. The offer is in line with SBI’s strategy to make most of the festive season demand. This sort of event only intensifies the competition and it won’t be a surprise if other lenders also come with a similar offer soon.

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Also, when you are servicing a loan and suddenly gets a heavy surplus, you could think of using the same to pay off the debt even before the expiry of the tenure. You can be right in your move to pre-pay the loan. But there is a cost to it. And that is the prepayment charge calculated at about 2%-5% of the outstanding loan amount plus 18% GST. So, you need to do the cost-benefit analysis by finding the difference between the interest to be saved on prepayment and the charges to be borne on paying off the loan in full.

Exciting Features That Will Grab Your Attention

  • Hexagonal chrome grille
  • Muscular stance with wide bonnet
  • Swept back headlamps
  • Attractive vertical fog lamps
  • 1.6-litre petrol engine generates power of 121 bhp and torque of 155 Nm
  • 1.4-litre diesel engine delivers power of 89 bhp and torque of 220 Nm
  • 7 colour options – Red Passion, Polar White, Star Dust, Phantom Black, Sleek Silver, Red Passion/Phantom Black, Mystic Blue, Polar White/Phantom Black and Earth Brown

Addresses & Contact Details of Hyundai Creta Showrooms Located at Various Cities

Showroom NameAddressContact Number
Auto Link Solutions16, Main Market, Moti Nagar, New Delhi - 1100059582810102
Himgiri Cars Pvt. Ltd.A-9/1, Jhilmil, Near Dilshad Garden Metro Station, Industrial Area, Delhi - 110095,8800500361
Elroy HyundaiE-13, Defence Colony, New Delhi - 1100249069142349
Sikka HyundaiB-88/1, Mayapuri, Industrial Area, Phase-I, Near Police Station, New Delhi - 1100649650108001
Koncept HyundaiA-5, Green Park, New Delhi - 1100169999025555
Blue Hyundai108, 13th KM, Mysore Road, Near R.V.Engg. College, Bangalore - 5600599591100001
Trident HyundaiNo 1, Lower Palace Orchards, Sankey Road, Bangalore - 5600039844266876
Advaith HyundaiOpposite Hotel Gateway,32 Residency Road, Shanthala Nagar, Ashok Nagar, Bangalore - 5600259902099940
Lakshmi Hyundai102/3, GM Arcade Building Hebbal-Bellary Road, Bangalore - 5600929900022957
Kun HyundaiC-48, 2nd Avenue Anna Nagar East, Chennai - 6000109941946954
DSC Hyundai399, Anna Salai, Nandanam, Chennai - 600035044-42867696
Hyundai Motor PlazaNP - 54, Developed Plot, Thiru-vi-ka Industrial Estate, Ekkaduthangal, Chennai - 600032044-42119560
V3 HyundaiNo.M-38, West Avenue, Thiruvanmiyur, Chennai - 6000417299799922
Modi Hyundai Kanjurmarg10-B Sarogi Industrial Estate,LBS Road, Goi Employees HSG Colony,Kanjurmarg West, Mumbai - 4000788898306975
Shreenath HyundaiGround Floor Morya Estate New link Road Opposite Infinity Mall, Andheri West, Mumbai - 4000539821888681
SS MotorsUnit No 10, 2nd Floor, Heera Panna Mall, Oshiwara, Andheri West, Mumbai - 4000538898211111
R Square HyundaiK Star Mall, 6A-6B, Ground Floor, V N Purav Marg Near Diamond Garden, Chembur East, Mumbai - 4000717045452281
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