Hyundai Grand i10 Car loan

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Hyundai Grand i10 Car loan

Car Loan for Hyundai Grand i10: Features & Benefits

Interest Rate Hyundai Grand i10 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 Grand i10 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 Grand i10 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 Grand i10* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Hyundai Grand i10. 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 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 Grand i10 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

 

Apart from the charges mentioned above, there are a variety of fees associated with car loans. Fees such as stamp duty, road tax, loan cancellation fees, loan bank transfer fees, etc.
These various charges for Hyundai Grand i10 Car Loan are the same for all lenders. However, there could be minor differences that are subject to regional charges.

Hyundai Grand i10 Documents Required for A Car Loan

 

Documents required for a Hyundai Grand i10 car loan are as followed:

  • Identification proof
  • Proof of age
  • Address proof
  • Application form
  • Passport size photograph
  • Income proof
  • Bank statement
  • Proforma Invoice
  • Signature verification proof

 

Hyundai Grand i10 Car Loan Documents Required for Salaried Professionals:

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 other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan.

Hyundai Grande i10:

Hyundai Grand i10 Car LoanRs 5.58 Lakh* – Rs 8.73 Lakh*

*- Ex-showroom price, Delhi

Hyundai Grand i10 Price:

The cost of the Hyundai Grand i10 starts at Rs 5.84 Lakh and goes up to Rs 9.57 Lakh. The beautiful hatchback has 19 variants to offer. The base model is the Grand i10 Nios Era and at the top of the pile is the Hyundai Grand i10 Nios Asta U2 which comes with a price tag of Rs 9.57 Lakh.

Prices of Hyundai Grand i10 Ex-showroom Delhi:

Versions

On-Road Price Engine
Grand i10 Nios Era 1.2 Kappa VTVT ₹ 5.84 Lakh 1197 cc, Petrol, Manual, 21 kmpl
Grand i10 Nios Magna 1.2 Kappa VTVT ₹ 6.67 Lakh 1197 cc, Petrol, Manual, 21 kmpl
Grand i10 Nios Sportz 1.2 Kappa VTVT ₹ 7.54 Lakh 1197 cc, Petrol, Manual, 21 kmpl
Grand i10 Nios Magna AMT 1.2 Kappa VTVT ₹ 7.54 Lakh 1197 cc, Petrol, AMT, 21 kmpl
Grand i10 Nios Magna 1.2 Kappa VTVT CNG ₹ 7.79 Lakh 1197 cc, CNG, Manual, 18.9 km/kg
Grand i10 Nios Sportz 1.2 Kappa VTVT Dual Tone ₹ 7.87 Lakh 1197 cc, Petrol, Manual, 21 kmpl
Grand i10 Nios Magna U2 1.2 CRDi ₹ 8.13 Lakh 1186 cc, Diesel, Manual, 25 kmpl
Grand i10 Nios Sportz AMT 1.2 Kappa VTVT ₹ 8.21 Lakh 1197 cc, Petrol, AMT, 21 kmpl
Grand i10 Nios Asta 1.2 Kappa VTVT ₹ 8.38 Lakh 1197 cc, Petrol, Manual, 21 kmpl
Grand i10 Nios Sportz 1.2 Kappa VTVT CNG ₹ 8.39 Lakh 1197 cc, CNG, Manual, 18.9 km/kg
Grand i10 Nios Sportz U2 1.2 CRDi ₹ 8.73 Lakh 1186 cc, Diesel, Manual, 25 kmpl
Grand i10 Nios Sportz 1.0 Turbo GDi ₹ 8.88 Lakh 998 cc, Petrol, Manual, 20 kmpl
Grand i10 Nios Asta AMT 1.2 Kappa VTVT ₹ 8.91 Lakh 1197 cc, Petrol, AMT, 21 kmpl
Grand i10 Nios Sportz 1.0 Turbo GDi Dual Tone ₹ 8.93 Lakh 998 cc, Petrol, Manual, 20 kmpl
Grand i10 Nios Sportz AMT 1.2 CRDi ₹ 9.41 Lakh 1186 cc, Diesel, AMT, 25 kmpl
Grand i10 Nios Asta U2 1.2 CRDi ₹ 9.57 Lakh

1186 cc, Diesel, Manual, 25 kmpl

Down payment Required For Hyundai Grand i10 Car Loan:

The down payment is the difference between the On-Road Price of the Hyundai Grand i10 and the loan amount. The principal and length of the loan are significant factors in deciding the interest rate. One can also negotiate a lower interest rate on their loan with the lender. The lender generally finances 90% of the Hyundai Grand i10’s on-road price. Some consumers may also be eligible for 100% financing.

Please contact your nearest Bank/Dealer to know more about the down-payment amount required, as this varies with the region and the bank that is preferred.

About Hyundai Grand i10:

The South Korean company Hyundai launched its 3rd generation hatchback – Hyundai Grand i10. The vehicle has 16 variants, in diesel petrol, and CNG.
The new Hyundai Grand i10 is built on a new chassis that makes it more flexible, robust, nimble, and safer than its predecessor. Grand i10 also gets a facelift with a reimagined headlamp and a tweaked front grille. It also gets redesigned bumpers and a fresh set of the rear tail lamp.

Hyundai Grand i10 Nios comes equipped with new dual-tone upholstery for freshness, touchscreen infotainment system, climate control, rear AC vents, and driver’s seat height adjustment. Dual front airbags and ABS are standard.

The petrol engine persists with the 1.2-litre Kappa engine that develops 81bhp of power and 114Nm. The diesel counterpart gets the 1.2-litre four-cylinder engine that generates 74bhp of power and 190Nm of torque.

Hyundai Grand i10 mileage:

Fuel Type Transmission ARAI Mileage
Petrol

(1197 cc)

Manual 19.83 kmpl
Diesel

(1186 cc)

Manual 24.95 kmpl
Petrol

(1197 cc)

Automatic 17.49 kmpl
CNG

(1197 cc)

Manual 19.77 km/kg

How to get Hyundai Grande i10 Car Loan:

  1. Visit the official page of Dialabank
  2. Go to the Car Loan option and provide the required information.
  3. Our relationship manager will get in touch with you over your application.
  4. Please Contact Dialabank at 9878981166 for further queries.

Hyundai Grande i10 Car Loan news:

– Hyundai Grand i10 Nios Price hike announced:

Hyundia India has announced that there will be a hike in prices this month, probable cause being the increment of cost of raw materials and transportation. The Grand i10 is affected by the price hike. The hikes  would be between Rs 2,000 – Rs 5,000, depending on the engine type.

Frequently Asked Questions (FAQs) about Hyundai Grande i10 car loan:

✅ What is the Minimum and Maximum Loan Amount for Hyundai Grand i10 Car Loan?

The minimum loan amount is Rs 1,00,000 and the maximum loan amount is Loan up to 90% of On Road Price.

 What is the Hyundai Grand i10 Car Loan Tenure?

1 year – 7 years is the loan tenure for Hyundai Grand i10Car Loan.

Does Hyundai Grand i10 have an automatic transmission variant?

Yes, Hyundai Grand i10has models with an automatic gearbox.

How many people does the Hyundai Grand i10 seat?

The Seating capacity of Hyundai Grand i10 is 5.

What is the boot space of Hyundai Grand i10?

Hyundai Grand i10has a boot space of 311 litres.

What is the length of Hyundai Grand i10?

The length of Hyundai Grand i10 is 3995 mm.