Hyundai Verna Car Loan

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Hyundai Verna Car Loan

Car Loan for Hyundai Verna Car: Features & Benefits

Hyundai Verna Car Loan is unique in itself, it is way different from the other types of loans that you might have encountered. The main features of the same are:


Car Loan

Interest Rate

9.8% onwards

Processing Fee

1% of the amount

Loan Tenure

The maximum tenure of 7 years

Lowest EMI

Rs. 19,706

Loan Amount

Rs. 9.31 lakhs

Prepayment Charges

Hyundai Verna Car Loan Eligibility Criteria

To avail of the Hyundai Verna Car Loan, you would have to fulfil the eligibility criteria set by the bank. The eligibility criteria for the same 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

7 years

Loan to Value Ratio

100% of ex-showroom price

Hyundai Verna Car Loan EMI Calculator

Every bank offers different types of loans and different perks with the same. The only way for the applicant to understand the proper working of a loan and to understand how to manage their expenses if they choose this loan, is done by the use of a Car Loan EMI Calculator. This would help the individuals plan their expenses, assess their needs and check if availing this loan would fit within their budget.

  • The method in which the Hyundai Verna Car Loan calculates your EMI would be one of a kind, a kind that you might have never seen before.
  • 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 Verna 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. 700, non-refundable

Penalty for Late Payment

3% each month

Financing Quantum

up to 100% depending on customer profile

Documents Required for Hyundai Verna Car Loan

If the applicant fulfils the required eligibility criteria, set by the bank, they would then be asked to submit a few documents as proof and means of verification for the same. The documents required 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 Verna Car 

Car Loan



Engine and Transmission 

Engine Type

1.4 petrol engine

Displacement (cc)

1493 cc

Max Power


Max Torque


No. of cylinder


Valves Per Cylinder


Valve Configuration



Gear Box

6 speed

Hyundai Verna Car Price

The New VERNA comes with everything that you ever wanted all this while in a sporty sedan and provides you with so much more. It has a smart trunk, paddle shifters, wireless phone charger all of which was desperately wanted and needed in a style sedan. It is powerful and efficient, comes with an electric sunroof, and provides a wonder warranty.  The minimum price of  Hyundai Verna starts from Rs. 9.19 lakhs and can go up to Rs. 15.25 lakhs. There are 12 different variants only under Hyundai Verna. The base and the least expensive of all the models is the Verna E and the most expensive variant is the Hyundai Verna SX Opt AT Diesel which comes at a price tag of Rs. 15.25 Lakh.

Prices of Hyundai Verna Ex-showroom Delhi

Model Variant

Key specs

Ex-Showroom Price

Verna E

1497cc,Manual,Petrol,17.7 kmpl 9.19 lakhs

Verna S Plus

1497 cc, Manual, Petrol, 17.7 kmpl 9.6 lakhs

Verna S Plus Diesel

1493 cc, Manual, Diesel, 25.0 kmpl 10.81 lakhs

Verna SX

1497 cc, Manual, Petrol, 17.7 kmplv 10.97 lakhs

Verna SX IVT

1497 cc, Automatic, Petrol, 18.45 kmpl 12.19 lakhs

Downpayment required for Hyundai Verna Car loan 

The Hyundai Verna was first introduced in the Indian market in 2006. It was done during the festive season and at that time both the Santro and the Accent were doing extremely well. Vera was very similar to the previous brands but it had more modern features from the very beginning and over the years as every new variant came into the market, it kept upgrading its features thus making it the most- sought-after sedan.  Since there is an involvement of the import and export costs, along with the modern features of being a prime sedan, 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 Verna Car 

The latest variant under the Hyundai Verna model was launched a few months back in 2020. This one had the best of the new features as always It has a digital instrument cluster, smart boot, ESS (Emergency Stop Signal) are a few to count on. On the exterior side, the Verna has a bold huge chrome grille in front with re-designed all-LED headlamps. DRLs in the front gives the car its character and zing. At the rear, the only noticeable changes are the redesigned bumper with chrome accents for the reflectors. The car also has  LED tail lamps adding a point to the character of the vehicle. It is now one of the most in-demand SUVs in the market because of its unique features and also the electric feature, which makes it the most attractive.

How to get Hyundai Verna Car Loan

Hyundai Verna is one of the best choices made by a customer if they are willing to invest their money on buying a style sedan with the most stylish and modern features, which is gaining popularity. Al the banks and NBFC would not be able to completely fund for the whole value of such an exuberant car for their customers.

To protect the needs of such customers in distress, the solution to all of this would be to avail a car loan for the Hyundai Verna Car can be done with the help of India’s first and the best 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 Verna


The latest update: Hyundai Verna has hiked up the prices of all their variants by 14,000.


Keeping in mind, Hyundai Verna’s exuberant features that stand out amongst the other products, Hyundai Verna is now competing with the Honda City, Skoda Rapid, VW Vento, Toyota Yaris, and Maruti Suzuki Ciaz.

FAQs Car Loan for Hyundai Verna

✅ Is Hyundai Verna a good investment?

Yes, with Hyundai Verna having its latest variant in the market, having all the features that were wanted in a sedan for a very long time. It is definitely worth the investment. Keeping in mind the previous Hyundai models, this one exceeds all of them. This can be seen in the successful performance of this car in the current Indian market.

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

Hyundai Verna’s on-road price ranges from 9.19 lakhs to 15.45 lakhs.

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

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 Verna car loan?

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