Hyundai i20 Elite Car Loan

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Hyundai i20 Elite Car Loan

Car Loan for Hyundai i20: Features & Benefits


Interest Rate Hyundai i20 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 i20 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 i20 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 i20* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Hyundai i20. 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 i20 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 are the same for all lenders. However, there could be minor differences that are subject to regional charges.

Hyundai i20 Documents Required for A Car Loan


Documents required for a 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 i20 Car Loan Documents Required for Salaried Professionals:

Document Requirement
Identity Proof Aadhaar card
PAN card
Driving License
Voter ID
Address Proof Aadhaar card
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 i20 Car Loan Documents for Self-Employed Individuals:

Document Requirement
Identity Proof Aadhar card
PAN card
Voter ID
Driving license
Address Proof Aadhar card
Voter ID
Driving license
Ration card
Utility bill (telephone, electricity, or water)
Life insurance policy
Age Proof Birth certificate
School transfer certificate
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 i20:

Hyundai i20 Car Loan

Ex-showroom price: Rs. 6.85 – Rs. 11.34 Lakh

Hyundai i20 Price:

The cost of the Hyundai i20 starts at Rs 6.85 Lakh and goes up to Rs 11.34 Lakh. The beautiful hatchback has 24 variant to offer. The base model is the i20 Magna and at the top of the pile is the Hyundai i20 Asta Opt Tubro DCT DT which comes with a price tag of Rs 11.34 Lakh.

Prices of Hyundai i20 Ex-showroom Delhi:

Variant Ex-Showroom Price

1197 cc, Manual, Petrol, 20.35 kmpl

Rs.6.85 Lakh*

1197 cc, Manual, Petrol, 20.35 kmpl

Rs.7.69 Lakh*
Sportz DT

1197 cc, Manual, Petrol, 20.35 kmpl

Rs.7.84 Lakh*
Magna Diesel

1493 cc, Manual, Diesel, 25.2 kmpl

Rs.8.19 Lakh*
Sportz IVT

1197 cc, Automatic, Petrol, 19.65 kmpl

Rs.8.69 Lakh*

1197 cc, Manual, Petrol, 20.35 kmpl

Top Selling

Rs.8.80 Lakh*
Sportz Turbo

iMT998 cc, Manual, Petrol, 20.25 kmpl

Rs.8.81 Lakh*
Sportz IVT DT

1197 cc, Automatic, Petrol, 19.65 kmpl

Rs.8.84 Lakh*
Asta DT

1197 cc, Manual, Petrol, 20.35 kmpl

Rs.8.95 Lakh*
Sportz Turbo iMT DT

998 cc, Manual, Petrol, 20.25 kmpl

Rs.8.96 Lakh*
Sportz Diesel

1493 cc, Manual, Diesel, 25.2 kmpl

Rs.8.99 Lakh*
Sportz Diesel DT

1493 cc, Manual, Diesel, 25.2 kmpl

Rs.9.14 Lakh*
Asta Op

t1197 cc, Manual, Petrol, 20.35 kmpl

Rs.9.33 Lakh*
Asta Opt DT

1197 cc, Manual, Petrol, 20.35 kmpl

Rs.9.48 Lakh*
Asta IVT

1197 cc, Automatic, Petrol, 19.65 kmpl

Rs.9.80 Lakh*
Asta Turbo iMT

998 cc, Manual, Petrol, 20.25 kmpl

Rs.9.91 Lakh*

1197 cc, Automatic, Petrol, 19.65 kmpl

Rs.9.95 Lakh*
Asta Turbo iMT DT

998 cc, Manual, Petrol, 20.25 kmpl

Rs.10.06 Lakh*
Asta Opt Diesel

1493 cc, Manual, Diesel, 25.2 kmpl

Rs.10.59 Lakh*
Asta Turbo DCT

998 cc, Automatic, Petrol

Rs.10.68 Lakh*
Asta Opt Diesel DT

1493 cc, Manual, Diesel, 25.2 kmpl

Rs.10.74 Lakh*
Asta Turbo DCT DT

998 cc, Automatic, Petrol, 20.28 kmpl

Rs.10.83 Lakh*
Asta Opt Turbo DCT

998 cc, Automatic, Petrol

Rs.11.19 Lakh*
Asta Opt Turbo DCT DT

998 cc, Automatic, Petrol, 20.28 kmpl

Rs.11.34 Lakh*


*- Ex-showroom Price, Delhi

Down payment Required For Hyundai i20 Car Loan:

The down payment is the difference between the On-Road Price of the Hyundai i20 car loan 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 i20’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 i20:

Hyundai i20 is a hatchback that seats 5 people. It is available between a price range of 6.85 lakh – 11.34 lakh. The engine is new and BS6 compliant, and there are 2 modes of transmission available – manual and automatic. Hyundai i20 is available in 24 variants, we truly are spoilt for choices. The boot is spacious and can hold 311 litres of cargo.
There are 9 choices of colour for the Hyundai i20.

Hyundai i20 Mileage:


Fuel Type Transmission ARAI Claimed User Reported
Diesel Manual 25.2 Kmpl 20 Kmpl
Petrol Automatic 20.28 Kmpl 18 Kmpl
Petrol Manual 20.35 Kmpl 12 Kmpl

How to get Hyundai i20 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 i20 News:

  • Discounts on Hyundai i20 in May 2021

An exchange bonus of Rs. 10,000, a discount for a corporate of Rs. 5000, and a 5 year Shield of Trust package can be availed on the iMT Turbo and diesel variants of Hyundai i20.

  • Maruti Suzuki Baleno tops premium hatchback sales chart in April 2021. Tata Altroz overtakes Hyundai i20

The best selling premium hatchbacks of April 2021 were Maruti Suzuki Baleno, Tata Altroz, Hyundai i20, Toyota Glanza, and Volkswagen Polo.

Frequently Asked Questions (FAQs):

✅ What is the Minimum and Maximum Loan Amount for Hyundai i20 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 i20 Car Loan Tenure?

1 year – 7 years is the loan tenure for Hyundai i20Car Loan.

✅ Does Hyundai i20 have an automatic transmission variant?

Yes, Hyundai i20has models with an automatic gearbox.

✅ How many people does the Hyundai i20 seat?

The Seating capacity of Hyundai i20 is 5.

✅What is the boot space of Hyundai i20?

Hyundai i20has a boot space of 311 litres.

✅What is the length of Hyundai i20?

The length of Hyundai i20 is 3995 mm.