Drive New Generation Hyundai Verna Sedan at EMI of 12K, Bookings Go Past 10,000

Finally, the new generation Hyundai Verna sedan model has made its way to the Indian roads after months of wait. The car is launched in four variants – E, EX, SX and SX(O) – and in seven colour options – Phantom Black, Fiery Red, Sleek Silver, Flame Orange, Stardust, Siena Brown and Polar White. The ex-showroom price of the variants (both petrol and diesel) ranges from ₹8-12.50 lakhs, fitting into the budget of those having a monthly earning of ₹45,000 and beyond. These set of people would need to pay an EMI of 12k-24k.

The buzz for the car was strong before the launch and the same can be felt from the levels of booking people have made for the new Verna models. Yes, 10,000 and counting… So, all set to apply for a loan to get this car in your parking lot? You should do it ASAP. However, it would be better to glance at the car loan scenario before applying. I hope, you would agree with me on the same. The article has thus the necessary information regarding a loan to buy the talk of the town i.e. New Verna. So, presenting the all-new Verna in this article.

Table Showing EMI and Price in India of New Hyundai Verna 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 ₹)
1.6 VTVT EPetrol159117.488.957.61 - 8.0512,147 - 14,210
1.6 VTVT EXPetrol159117.49.0710.169.02 - 9.1414,398 - 16,135
1.6 CRDI EDiesel158224.89.210.558.97 - 9.5014,318 - 16,770
1.6 VTVT SXPetrol159117.49.510.639.04 - 9.5714,430 - 16,894
1.6 CRDI EXDiesel158224.81011.459.73 - 10.3115,532 - 18,200
1.6 VTVT EX ATPetrol159117.110.2311.9410.15 - 10.3416,202 - 18,253
1.6 VTVT SX(O)Petrol159117.411.0912.9310.99 - 11.6417,543 - 20,548
1.6 CRDI SXDiesel158224.811.1213.2411.25 - 11.9217,958 - 21,042
1.6 CRDI EX ATDiesel158224.811.413.5711.53 - 12.2118,405 - 21,554
1.6 VTVT SX(O) ATPetrol159117.412.2414.2512.11 - 12.8319,331 - 22,648
1.6 CRDI SX(O)Diesel158224.812.414.7412.53 - 13.2720,001 - 23,425
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Note – The computation of the loan amount is made at 85%-90% of the on-road price of the Verna models, while the EMI is based on an interest rate of 8.75%-12% per annum. The ex-showroom and on-road price of the Verna models are applicable to New Delhi. These prices can differ across the cities.

Factors That Will Decide the Loan Amount for New Verna

The lending institutions would examine a few things before deciding the loan eligibility of a borrower for New Hyundai Verna variants. These factors are as follows-

  • Income
  • Repayment Capability
  • Car Model
  • Workplace
  • Credit History
  • Any Loan EMI Running

Processing Fee & Other Charges

While applying for a car loan to buy your favourite Verna model, the lender will quote a processing fee of a certain amount. The fee can be 1%-2% of the loan amount applied for. A standard 18% GST will also apply on the same.

You also need to pay the down payment at 10%-15% of the on-road price before grabbing the car from the showroom. It can be a temptation on your part to pay off the entire loan before the expiry of the tenure. You can do the same, but the lender will charge 2%-5% of the outstanding balance along with applicable taxes to process your transaction. So, check out the interest saving and the charges in numbers and see how much you are able to save. That will tell you whether the prepayment, which is called as paying off the outstanding loan balance before the tenure, is a good option for you or not.

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What’s Great in New Generation Hyundai Verna Variants?

The new Hyundai Verna Variants do pack a punch with an extensive line of star-studded features. Keen to know those features? Take a look at the pointers below.

  • Halogen Headlamps
  • Body Coloured Bumpers
  • Integrated Signal Lights
  • Steel Wheels
  • Premium Dual Tone Interior with Fabric Upholstery
  • Metal Finished Inside Door Handles
  • 5-inch Touchscreen Audio System with Front and Rear Speakers
  • Bluetooth Connectivity
  • Steering Mounted Audio and Bluetooth Controls
  • Reverse Parking Sensor
  • 7-inch touchscreen infotainment system with Apple CarPlay
  • MirrorLink
  • Android Auto
  • Electro Chromic Mirror
  • Electric Sunroof
  • Smart Trunk Function
  • Engine Start-stop Button

Addresses of Hyundai Verna Showrooms Across Cities of India

Showroom NameAddressContact Number
Frontier HyundaiK-1/36 Rajapuri Opposite Sec-5 Jeewan Park, New Delhi, Delhi-1100599711575950
Unity HyundaiG-5, Aggarwal Auto Mall, Outer Ring Road, Shalimar Place, New Delhi, Delhi-1100889643332027
Samara HyundaiA-1/167, Janakpuri, New Delhi, Delhi 1100589818204141
Sunrise HyundaiSunrise Complex, Plot No.2, I.P. Extension, Opposite Pandav Nagar, Near Mother Dairy Plant, New Delhi, Delhi-1100929871952254
Shreem Automobiles MahalaxmiUnit No. 6, Vivarea complex, Sane Guruji Marg, Saat Rasta, Mahalaxmi, Mumbai, Maharashtra-4000119769724370
R Square HyundaiK Star Mall, 6A-6B, Ground Floor, V N Purav Marg Near Diamond Garden, Chembur East, Mumbai, Maharashtra- 4000717045452281
SS MotorsUnit No 10, 2nd Floor, Heera Panna Mall, Oshiwara, Andheri West, Mumbai, Maharashtra- 4000538898211111
Shreenath HyundaiGround Floor Morya Estate New link Road Opposite Infinity Mall, Andheri West, Mumbai, Maharashtra- 4000539821888681
Advaith HyundaiOpposite Hotel Gateway,32 Residency Road, Shanthala Nagar, Ashok Nagar, Bangalore, Karnataka- 5600259902099940
Trident HyundaiNo 1, Lower Palace Orchards, Sankey Road, Bangalore, Karnataka- 5600039844266876
Blue Hyundai108, 13th KM, Mysore Road, Near R.V.Engg. College, Bangalore, Karnataka- 5600599591100001
Lakshmi Hyundai102/3, GM Arcade Building Hebbal-Bellary Road, Bangalore, Karnataka- 5600929900022957
DSC Hyundai399, Anna Salai, Nandanam, Chennai, Tamil Nadu-600035044-42867696
Kun HyundaiC-48, 2nd Avenue Anna Nagar East, Chennai, Tamil Nadu-6000109941946954
Hyundai Motor PlazaNP-54, Developed Plot, Thiru-vi-ka Industrial Estate, Ekkaduthangal, Chennai, Tamil Nadu- 600032044-42119560
V3 HyundaiNo.M-38, West Avenue, Thiruvanmiyur, Chennai, Tamil Nadu- 6000417299799922
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Personal Loan Interest Rates December 2017
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates December 2017
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
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