2023 Hyundai i20 car loan EMI on Rs 1.6 lakh down payment: Details explained

Hyundai Motor India Ltd. recently introduced a mid-life facelift for the third-gen i20 in the Indian market, bringing along a few new design cues and features, while phasing out the 1.0-litre T-GDi turbo-petrol motor (118 hp/172 Nm). The Maruti Suzuki Baleno, Toyota Glanza and Tata Altroz rival is now only offered with the 1.2-litre NA petrol motor (82 hp/115 Nm), available with a 5MT or an optional IVT automatic.
Planning to buy the new Hyundai i20 facelift and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the premium hatch, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

Variant On-road price
(Delhi)
Tenure Interest rate
(estimated)
Down payment EMI
Era Rs 7.87 lakh 5 years 10% Rs 1.6 lakh Rs 13,321
Magna Rs 8.65 lakh 5 years 10% Rs 1.72 lakh Rs 14,722
Sportz Rs 9.35 lakh 5 years 10% Rs 1.86 lakh Rs 15,906
Asta Rs 10.41 lakh 5 years 10% Rs 2.08 lakh Rs 17,614
Sportz IVT Rs 10.50 lakh 5 years 10% Rs 2.1 lakh Rs 17,782
Asta (O) Rs 11.17 lakh 5 years 10% Rs 2.24 lakh Rs 18,979
Asta (O) IVT Rs 12.75 lakh 5 years 10% Rs 2.56 lakh Rs 21,659

To simplify the process, we have chosen an average tenure period of five years as standard, along with approximately 20% down payment amount, and an estimated 10% bank interest rate.Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your equated monthly installment (EMI) respectively.

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Hyundai offers the i20 in four different trims, bifurcated into seven different variants, with prices starting from Rs 6.99 lakh for Era MT, going all the way up to Rs 11.01 lakh for the range-topping Asta (O) IVT. However, the estimated on-road (Delhi) price of the premium hatchback ranges from Rs 7.87 lakh to Rs 12.75 lakh.
Do let us know in the comments down below if you’d like to know the loan EMI for any other car, motorcycle or scooter of your choice!

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