Talking of the hatchbacks, you can’t take your eyes off from the glitters of Hyundai Elite i20, a premium model which rules the heart of car lovers even after 3 years of its launch. The hatchback model comes in more than 10 variants with both diesel and petrol engine options. Nearly 10,000-12,000 units of ELite i20 are sold each month, says the company statement. The EMI, which starts from ₹7,885, makes it easy for the budget consumers to buy the said model. So, if you are earning ₹30,000 and above, you can buy it without causing a hole into your wallet.
As Diwali is a few days away, you would be interested to buy a stylish car like Elite i20, right! But before doing so, it would be better to read several EMI options, along with the dazzling features the model boasts of. It will help select the car of your choice and budget.
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90% Finance Available to Buy Elite i20 – Apply Online to Grab the Best Deal
You can buy any of the petrol and diesel variants of Elite i20 and expect to receive a loan amount equivalent to 85%-90% of the on-road price, which is an addition of ex-showroom price, RTO and insurance.
The quantum of loan, however, is also dependent on your monthly salary and the repayment capability. What remains with a loan is the EMI till it gets over, isn’t it? Any guess, how that monthly installment is calculated? Can’t Say? Just look at the following factors and use them to calculate the EMI.
Interest rates, as we speak of, range from 8.75%-12% per annum. And you can get a maximum of 7 years to pay off the loan.
Table Showing EMI Options and Price of Different Elite i20 Models in India
|Models||Fuel Options||Displacement (In CC)||Mileage (In KMPL)||Ex-showroom Price (In Lakhs)||On-road Price (In Lakhs)||Estimated Loan Quantum (In Lakhs)||Estimated EMI (In ₹)|
|Era 1.2||Petrol||1197||18.6||5.29||5.81||4.94 - 5.23||7,885 - 9,232|
|Magna Executive 1.2||Petrol||1197||18.6||5.99||6.57||5.58 - 5.91||8,907 - 10,433|
|Sportz 1.2||Petrol||1197||18.6||6.46||7.2||6.12 - 6.48||9,769 - 11,439|
|Era 1.4 CRDI||Diesel||1396||22.54||6.67||7.62||6.48 - 6.86||10,344 - 12,110|
|Asta 1.2||Petrol||1197||18.6||6.98||7.77||6.60 - 6.99||10,535 - 12,339|
|Magna Executive 1.4 CRDI||Diesel||1396||22.54||7.22||8.23||7.00 - 7.41||11,174 - 13,081|
|Asta 1.2 Dual Tone||Petrol||1197||18.6||7.23||8.04||6.83 - 7.23||10,902 - 12,763|
|Sportz 1.4 CRDI||Diesel||1396||22.54||7.68||8.75||7.44 - 7.88||11,876 - 13,910|
|Asta 1.2 (O)||Petrol||1197||18.6||7.8||8.67||7.37 - 7.80||11,764 - 13,769|
|Asta 1.4 CRDI||Diesel||1396||22.54||8.25||9.42||8.01 - 8.48||12,876 - 14,970|
|Asta 1.4 CRDI Dual Tone||Diesel||1396||22.54||8.49||9.7||8.25 - 8.73||13,169 - 15,411|
|Asta 1.4 CRDI (O)||Diesel||1396||22.54||9.04||10.31||8.76 - 9.28||13,983 - 16,382|
|Magna 1.4 AT||Petrol||1368||Not Specified||9.15||10.18||8.65 - 9.16||13,808 - 16,170|
Note – The quantum of loan is calculated at 85%-90% of the on-road price. On the other side, the EMI is computed at an interest rate of 8.75%-12% keeping a tenure of 7 years. The prices are applicable to the Elite i20 models to be sold in New Delhi.
So, pick your favourite Elite 20 model and apply for a car loan online to get the best deal.
Processing Fee Waiver Doing the Rounds
At this time of the year, not only the car dealers but even the lenders are busy repackaging their offers. Like the previous occasions, banks like State Bank of India (SBI), Bank of Maharashtra (BOM) and a few more have waived off the one-time processing fee, which is calculated at 1%-2% of the loan amount.
Engine Specifications & Other Features
- 5-seater with Power Steering
- Both Automatic and Manual Transmissions with Front Wheel Drive
Horse Power Options – 82 bhp @ 6,000 RPM Power
– 89 bhp @ 4,000 RPM Power
– 99 bhp @ 6,000 RPM Power
- Colour Options – Red Passion, Polar White, Sleek Silver, Marina Blue, Polar White/Phantom and Red Passion/Phantom