Hyundai Santro Car Loan

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Hyundai Santro Car Loan

Car Loan for Hyundai Santro Car: Features & Benefits

Hyundai Santro Car Loan is another kind of loan that is specifically offered to cars of this brand. The most important features are:


Car Loan

Interest Rate

Starts from 9.8%

Processing Fee

1% of the amount

Loan Tenure

The maximum tenure of 5 years

Lowest EMI


Loan Amount

Rs. 4.90 lakhs

Prepayment Charges

Hyundai Santro Car Loan Eligibility Criteria

To avail of the Hyundai Santro Car Loan, you would have to pass the eligibility criteria set for the same. The eligibility criteria for a Hyundai Santro Car loan is:

Eligibility Criteria

Eligibility Details


21 years – 60 years

Minimum Annual Income

Salaried: ₹ 0.01 Lakh Lakhs
Self Employed Professionals: ₹ 0.01 Lakh Lakhs
Self Employed Businessmen: ₹ 0.01 Lakh Lakhs

Minimum Credit Score

700 and above

Loan Tenure

5 years

Loan to Value Ratio

100% of ex-showroom price

Hyundai Santro Car Loan EMI Calculator

There are different types of offers available in the market for different types of loans. The only way to understand the working of a loan and the amount of interest paid each month can be determined before availing of a loan itself. This can be done by the use of a Car Loan EMI Calculator. Having the use of an EMI calculator makes it easier for the applicants to understand particular features and attributes of the loan and gives them time to plan their other expenses and see if this would fit their budget. This would help in reducing the anxiety for the applicants.

  • The way in which Hyundai Santro Car Loan EMI calculates your EMI would be extremely different from the other banks that you might have had an encounter with.
  • However, in the end, all the banks do use the same basic formula to calculate their EMI value which needs to be told/informed to the applicant. The formula that they use is:

E= P. r. (1+r)n/[(1+r) n -1]

E: denotes the monthly payment or EMI.

P: denotes the main amount for which you wish to apply.

r: is the monthly interest rate computed as a percentage of yearly income,

n: is the loan term in months.

Hyundai Santro Car Loan Interest Rate, Fees, and Charges

Interest Rate

9.8% onwards

Processing Fee

1% of the amount

Foreclosure Charges

3-6% after 6 months and no foreclosure charges for less than 6 months

Documentation Fees

Rs. 600, non-refundable

Penalty for Late Payment

2% each month

Financing Quantum

up to 100% depending on customer profile

Documents Required for Hyundai Santro Car Loan

After the applicant fulfils the eligibility criteria demanded by the bank, there are then a few documents for proof that they would be required to submit, for the approval and the availing of a Hyundai Santro Car Loan. These documents are:



Salaried Applicant

Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification.
Automobile quote
Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof.
3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit
Vehicle Registration and Insurance

Self Employed Applicant

Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification.
Car price quote
Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport.
Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit.
Vehicle Registration and Insurance

Hyundai Santro Car


Hyundai Santro Car Loan


Engine and Transmission 

Engine Type

1.1 petrol engine

Displacement (cc)


Max Power


Max Torque

99.07Nm@4500 rpm

No. of cylinder


Valves Per Cylinder


Valve Configuration



Gear Box

5 speed

Hyundai Santro Car Price

Hyundai has brought the Santro nameplate back with a bang. With exciting new features and more designs, it comes with a petrol engine and also a bio-fuel (petrol with CNG) option. This car is currently available in the market, in six variants-  Era Executive, Magna Executive, Magna, Sportz Executive, Sportz and Asta. Hyundai Santro price starts at ₹ 4.74 Lakh and goes upto ₹ 6.42 Lakh. The price of the Petrol version of the Santro ranges between ₹ 4.74 Lakh – ₹ 6.42 Lakh and the price of the CNG version for Santro ranges between ₹ 5.93 Lakh – ₹ 6.06 Lakh.

Prices of Hyundai Santro Ex-showroom Delhi

Model Variant

Key specs

Ex-Showroom Price

Santro Era Executive

Driver Airbag
Power Windows Front
Anti Lock Braking System Power Steering
Rs. 4.73 lakhs

Santro Magna CNG

Engine- 1086 cc
BHP- 59.18 Bhp
Transmission- Manual
Mileage- 30.48 km/k
Rs. 5.92 lakhs

Santro Sportz

Engine- 1086 cc
BHP- 68.07 Bhp
Transmission- Manual
Mileage- 20.3 kmpl
Rs. 5.56 lakhs

Santro Sportz AMT

Multi-function Steering Wheel Power Adjustable Exterior Rear View Mirror
Anti Lock Braking System
Touch Screen
Rs. 5.99 lakhs

Santro Asta AMT

Engine- 1086 cc
BHP- 68.07 Bhp
Transmission- Automatic
Mileage- 20.3 kmpl
Rs. 6.41 lakhs

Santro Magna

Fuel Type- Petrol
Seating Capacity- 5 Seater
Rs. 5.20 lakhs

Santro Sportz CNG

Engine-1086 cc
BHP-59.18 Bhp
Mileage-30.48 km/kg
Rs. 6.06 lakhs

Santro Asta

Engine- 1086 cc
BHP- 68.07 Bhp
Transmission- Manual
Mileage- 20.3 kmpl
Rs. 5.94 lakhs

Santro Magna AMT

Engine- 1086 cc
BHP- 68.07 Bhp
Transmission- Automatic
Mileage- 20.3 kmpl
Rs. 5.69 lakhs

Downpayment required for Hyundai Santro Car loan 

Hyundai Kona is a five-door subcompact crossover SUV produced in South Korea. It is exported from there and assembled in India. Since it involves the import and export costs along with the electric feature being introduced, the downpayment cost would be slightly higher than the other types of cars. To calculate a specific value for the down payment, let assume some factors of a car loan such as interest tenure, etc.

About Hyundai Santro Car 

Santro is known as India’s favourite family car. It is now back again to win all our hearts, with its well-crafted design and just mere presence. Own the car and discover the comfort and convenience that you would have never seen before. It has the most advanced features that keep it a step higher than the other cars. It is designed keeping in mind the entire family’s comfort and pleasure. It comes with modern designs and confident stances.

How to get Hyundai Santro Car Loan

Hyundai Santro is the best choice that a customer would take when they are willing to make an investment in a premium family car with excellent manual and automatic features that are competing against each other in the market and is gaining immense fame. All the banks and the NBFC would not be able to completely fund the whole value of the car for their customers.

To protect the customers and their interests from this trouble and hassle, the best and the most accessible method of availing a car loan for the Hyundai Kona is done with the help of India’s first Financial Helpline, Dialabank.

To apply for a loan, visit our website at Dialabank  or You could contact us at 9878981166

News for Car Loan for Hyundai Santro


The makers of the cars have extended their services and warranty deadlines, because of the COVID-19 lockdown. Maruti Suzuki and Kia in India have announced this extension which is valid for up to 2 months keeping in mind the current lockdown situation.


Hyundai Verna Trrims now has a wireless android auto and apple car play option. . The Hyundai Verna’s mid-spec S+ and SX now feature segment-first Wireless Android Auto and Apple CarPlay. The top-spec SX(O) and SX (O) Turbo haven’t got these updates. The S+ and SX come with an 8-inch touchscreen infotainment system, while the top-spec ones pack an advanced version of the same, featuring HD display and Blue Link connected car technology.

FAQs Car Loan for Hyundai Santro

✅ Is Hyundai Santro a good investment?

Yes, Hyundai Santro is known as India’s favourite family car. It has excellent, modern features which makes it a must-have for all families. It would definitely be worth the investment.

✅ What is the Hyundai Santro’s on-road price?

The on-road price for Hyundai Santro ranges from 4.73 lakhs to 6.91 lakhs.

✅ What are the documents required to be submitted for a car loan for Hyundai Santro?

The documents required would be the usual identity documents, income proof documents, residence documents and photo proof.

✅ What is the processing fee for a Hyundai Santro car loan?

The processing fee for the Hyundai Kona Car loan is 1% of the loan amount.