Car Loan for Hyundai Creta: Features & Benefits
|Interest Rate Hyundai Creta||8.50% – 10.5 % Per Annum|
|Loan Amount||Up to 100% of the total amount|
|Tenure||12 – 84 Months|
|Lowest EMI per lakh||Rs 1,666|
|Processing Fee||Rs 2,500 – Rs 10,000|
|Prepayment Charges||Varies with Banks|
Hyundai Creta Car Loan Eligibility Criteria:
|Minimum Age of the Applicant||18 years|
|Maximum Age of the Applicant||60 years for salaried applicants and 65 years for self-employed applicants|
|Minimum Annual Income||Rs. 100000 net annual income. for salaried individuals,
and Net profit Rs. 60000 p.m. for Self – Employed individuals
|Car Model||Any approved car model|
|Type of Employment||Salaried or self-employed|
|Country or Place of Residence||India (rural/semi-urban/urban areas)|
|Duration of Stay in Current Residence||A minimum of 1 year|
Hyundai Creta Car Loan EMI Calculator:
Equated Monthly Instalment (acronym – EMI) is the amount paid to the Bank/NBFC until the loan is completely repaid. It includes the amount that the bank paid to cover the charges for Hyundai Creta* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Hyundai Creta. The EMI Calculator would assist you in making an educated and wise decision about the loan amount, the interest rate, the tenure, and the consequents cost of EMIs.
The formula to calculate EMI is given below:
E = P × r × (1 + r)n/((1 + r)n – 1)
E is EMI
P is Principal Loan Amount
r is the rate of interest calculated on a monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)
n is loan term/tenure/duration in number of months
*The loan amount for an individual depends on various criteria described above.
Hyundai Creta Car Loan Interest Rate, Fees, and Charges:
|Interest Rate||8.25% – 14.26% (Avg – 9.40%)|
|Processing Fee||Lower of Rs. 10,000 or 0.4% of car loan sanctioned|
|Foreclosure Charges||3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago)|
|Documentation Fees||Rs. 600 each time|
|Penalty for Late Payment||2% each month|
|Financing Quantum||up to 100% depending on customer profile|
Aside from the fees mentioned above, there are a number of other fees associated with car loans—stamp duty, road tax, loan cancellation fees, loan bank transfer fees, and so on.
All lenders are subject to the same set of fees. However, minor differences may exist that are subject to regional charges.
Documents Required for Hyundai Creta Car Loan:
Hyundai Creta Car Loan Documents Required for Salaried Professional
|Identity Proof||Aadhaar card
|Address Proof||Aadhaar card
Family card (ration card)
Utility bill (Electricity, water, or telephone)
Life insurance policy
The applicant’s name must be present on the ration card or utility bill.
|Age Proof||Birth certificate
School transfer certificate
Std. 10 mark sheet
|Income Proof||Salary slips
Income tax return document
|Bank Statement||3 to 6 months bank statement|
|Signature Verification Proof||Banks have separate forms for applicants to fill up along with their signatures.|
|Proforma Invoice||This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car.|
Hyundai Creta Car Loan Documents for Self-Employed Individuals
|Identity Proof||Aadhar card
|Address Proof||Aadhar card
Utility bill (telephone, electricity, or water)
Life insurance policy
|Age Proof||Birth certificate
School transfer certificate
|Bank Statement||3-6 months bank statement|
|Business Ownership Proof||To prove that the business is under operation, the following can be provided:
Office address proof
Additionally, the applicant must also provide a copy of the business registration license.
|Proof of Income||Income tax returns for up to 2 years
Audited balance sheet
|Signature Verification Proof||Most banks have separate forms to prove the signature of the individual.|
|Proforma Invoice||A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan.|
Ex-Showroom Price: ₹ 11.28 Lakh – ₹ 19.96 Lakh
Hyundai Creta Price:
The award-winning Hyundai Creta is priced between Rs 9.99 Lakh and Rs 17.69 Lakh. With 17 variants for this model, Hyundai has us spoiled for choice. The base model is the Hyundai Creta – E, and the top model is the Hyundai Creta SX Opt Turbo.
Prices of Hyundai Creta Ex-showroom Delhi
|Versions||On-Road Price||Engine specification|
|Creta E .5 Petrol||₹ 11.28 Lakh*||1497 cc, Petrol, Manual, 17 kmpl|
|Creta E 1.5 Diesel||₹ 11.95 Lakh*||1493 cc, Diesel, Manual, 21 kmpl|
|Creta EX 1.5 Petrol||₹ 12.46 Lakh*||1497 cc, Petrol, Manual, 17 kmpl|
|Creta EX 1.5 Diesel||₹ 13.51 Lakh*||1493 cc, Diesel, Manual, 21 kmpl|
|Creta S 1.5 Petrol||₹ 13.82 Lakh*||1497 cc, Petrol, Manual, 17 kmpl|
|Creta S 1.5 Diesel||₹ 14.94 Lakh*||1493 cc, Diesel, Manual, 21 kmpl|
|Creta SX 1.5 Petrol||₹ 15.77 Lakh*||1497 cc, Petrol, Manual, 17 kmpl|
|Creta SX 1.5 Diesel||₹ 16.89 Lakh*||1493 cc, Diesel, Manual, 21 kmpl|
|Creta SX 1.5 Petrol CVT||₹ 17.43 Lakh*||1497 cc, Petrol, Automatic (CVT), 17 kmpl|
|Creta SX (O) 1.5 Diesel||₹ 18.32 Lakh*||1493 cc, Diesel, Manual, 21 kmpl|
|Creta SX 1.5 Diesel Automatic||₹ 18.55 Lakh*||1493 cc, Diesel, Automatic (Torque Converter), 19 kmpl|
|Creta SX (O) 1.5 Petrol CVT||₹ 18.78 Lakh*||1497 cc, Petrol, Automatic (CVT), 17 kmpl|
|Creta SX 1.4 Turbo 7 DCT Dual Tone||₹ 18.79 Lakh*||1353 cc, Petrol, Automatic (Dual Clutch), 17 kmpl|
|Creta SX 1.4 Turbo 7 DCT||₹ 18.79 Lakh*||1353 cc, Petrol, Automatic (Dual Clutch), 17 kmpl|
|Creta SX (O) 1.5 Diesel Automatic||₹ 19.90 Lakh*||1493 cc, Diesel, Automatic (Torque Converter), 19 kmpl|
|Creta SX (O) 1.4 Turbo 7 DCT||₹ 19.96 Lakh*||1353 cc, Petrol, Automatic (Dual Clutch), 17 kmpl|
|Creta SX (O) 1.4 Turbo 7 DCT Dual Tone||₹ 19.96 Lakh*||1353 cc, Petrol, Automatic (Dual Clutch), 17 kmpl|
Hyundai Creta Car Loan Key Specs:
Engine and Power*:
|ARAI Mileage||17 to 21 kmpl|
|Engine||1353 to 1497 cc|
|Maximum Torque (nm@rpm)||144.15nm@4500rpm|
|Transmission type||Manual/ Automatic|
|Fuel Tank Capacity (litres)||50|
|Max Power (BPH @ RPM)||113.42bhp@6300rpm|
|Anti-Lock Braking System||Yes|
|Automatic Climate Control||Yes|
|Fog Lights – Front||Yes|
|Rear AC Vents||Yes|
|Glove box cooling||Yes|
|Steering wheel gearshift paddles||No|
|Dual Tone Dashboard||Yes|
* – Hyundai Creta S (Petrol)
Down payment Required For Hyundai Creta Car Loan:
The down payment is the difference between the Hyundai Creta’s On-Road Price and the loan amount. The principal and loan terms are important factors in determining the interest rate. A lower interest rate on loan can also be negotiated with the lender. The lender typically finances 90% of the Hyundai Creta’s on-road cost. Some customers may also be eligible for 100% financing.
Please contact your nearest Bank/Dealer for more information on the down-payment amount required, as this varies depending on region and preferred bank.
About Hyundai Creta:
The Hyundai Creta has one diesel engine and two gasoline engines, as well as five different transmissions to power the wheels. To comply with the BS-6, Hyundai had to modify Creta’s engine. The diesel engine has a 1.5L capacity, while the petrol engine has 1.5L and 1.35L options. Power delivery is more linear and better spread across the rev range, as with other BS6 engines, resulting in significantly better driveability at low revs.
The vehicle has a length of 4300 mm, a width of 1790 mm, and a wheelbase of 2610 mm. It seats five people.
The SX(O) variant retains a long list of incredible features such as a panoramic sunroof, cooled front seats, wireless charging, a powered driver’s seat, and a navigation system, and a 10.25-inch touchscreen.
Hyundai Creta Mileage:
|Fuel Type||Transmission||Arai Mileage (Km/L)|
Hyundai Creta Comparison to similar Cars:
|Specs||Creta SX(O) Turbo||Compass 1.4 Longitude Opt DCT||Hector Hybrid Sharp MT|
|Ex-Showroom Price||Rs. 17.67 Lakh||Rs. 21.29 Lakh||Rs. 17.37 Lakh|
|Engine Displacement||1353 cc||1368 cc||1451 cc|
|No Of Cylinders||4||4||4|
|Gear Box||7-Speed DCT||7 Speed DCT||6-Speed|
|Mileage (ARAI)||16.8 Kmpl||15 kmpl||14 kmpl|
|Tyre Size||215/60 R17||255/55 R17||215/55 R18|
|Boot Space||433 Litres||438 litres||587 Litres|
|Steering Mounted Audio Control||Yes||Yes||Yes|
|Airbags||Driver, Passenger and Side Front||Driver and Passenger||Driver, Passenger and Side Front|
How to get Hyundai Creta Car Loan
- Dialabank’s official website can be found here.
- Navigate to the Car Loan option and fill out the necessary information.
- Our relationship manager will contact you regarding your application.
- For further information, please call Dialabank at 9878981166.
News About Hyundai Creta Car Loan:
– Hyundai Creta retains its title as the Best Selling Compact SUV in 2021:
The compact SUV segment still enjoys its moment to fame in India and is one of the rare segments to be dominated by premium automobiles. This segment, like all of the automotive industry, was severely impacted by the second wave of the COVID – 19 pandemics as monthly sales figures declined by approximately 6%.
Frequently asked questions (FAQs) about Hyundai Creta Car Loan
✅ What are Hyundai Creta Car Loan’s minimum and maximum loan amount?
The minimum amount of loan is Rs 1,00,000, and up to 90 per cent of the loan is on the road.
✅ What is the Hyundai Creta Car Loan Tenure?
One year – 7 years is the loan tenure for Hyundai Creta Car Loan.
✅ Does Hyundai Creta have an automatic transmission variant?
Yes, Hyundai Creta has models with an automatic gearbox.
✅ How many Cylinders does Hyundai Creta Have?
Hyundai Creta has a 4 cylinder engine.
✅ What is the boot space of Hyundai Creta?
Hyundai Creta has a boot space of 433 litres.
Table of Contents
- 1 Car Loan for Hyundai Creta: Features & Benefits
- 2 Hyundai Creta Car Loan Eligibility Criteria:
- 3 Hyundai Creta Car Loan EMI Calculator:
- 4 Hyundai Creta Car Loan Interest Rate, Fees, and Charges:
- 5 Documents Required for Hyundai Creta Car Loan:
- 6 Hyundai Creta:
- 7 Hyundai Creta Price:
- 8 Prices of Hyundai Creta Ex-showroom Delhi
- 9 Hyundai Creta Car Loan Key Specs:
- 10 Down payment Required For Hyundai Creta Car Loan:
- 11 About Hyundai Creta:
- 12 Hyundai Creta Mileage:
- 13 Hyundai Creta Comparison to similar Cars:
- 14 How to get Hyundai Creta Car Loan
- 15 News About Hyundai Creta Car Loan:
- 16 Frequently asked questions (FAQs) about Hyundai Creta Car Loan