Hyundai Creta Car Loan

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Hyundai Creta Car Loan

Car Loan for Hyundai Creta: Features & Benefits

Interest Rate Hyundai Creta 8.50% – 10.5 % Per Annum
Loan Amount Upto 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:

Particulars Details
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 to be paid to the Bank/NBFC till 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 to make 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 rate of interest calculated on 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

Document Requirement
Identity Proof Aadhaar card
PAN card
Driving License
Passport
Voter ID
Address Proof Aadhaar card
Passport
Driving License
Voter ID
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
Aadhaar card
Income Proof Salary slips
Form 16
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 signature
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

Document Requirement
Identity Proof Aadhar card
PAN card
Passport
Voter ID
Driving license
Address Proof Aadhar card
Passport
Voter ID
Driving license
Ration card
Utility bill (telephone, electricity, or water)
Life insurance policy
Age Proof Birth certificate
School transfer certificate
Marksheet
Aadhaar card
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
Maintenance bill
Utility bill
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
Profit-loss statement
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.

Hyundai Creta: 

 

Hyundai Creta Car 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
Seating Capacity 5
Boot Space 433
Segment SUV

 

Key Features*:

Anti-Lock Braking System Yes
Air Conditioner Yes
Driver Airbag Yes
Passenger Airbag Yes
Automatic Climate Control Yes
Fog Lights – Front Yes
Alloy Wheels Yes
Power Boot Yes
Rear AC Vents Yes
Parking Sensors Rear
Navigation system Yes
Keyless Entry Yes
Voice Control Yes
Glove box cooling Yes
Sterring wheel gearshaft paddles No
Dual Tone Dashborad 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 term are important factors in determining the interest rate. A lower interest rate on a 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 the 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)
Diesel Manual 21.4
Petrol Manual 16.8
Diesel Automatic 18.5
Petrol Automatic 16.9

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
Body Type SUV SUV SUV
Fuel Type Petrol Petrol Petrol
Max Power 138.08bhp@6000rpm 160.77bhp@5500rpm 141bhp@5000rpm
No Of Cylinders 4 4 4
Transmission Automatic Automatic Manual
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
Cruise 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

  1. Dialabank’s official website can be found here.
  2. Navigate to the Car Loan option and fill out the necessary information.
  3. Our relationship manager will contact you regarding your application.
  4. 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 is 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 loan on the road.

✅ What is the Hyundai Creta Car Loan Tenure?

1 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.