Hyundai Creta EV EMI: Hyundai has officially launched the highly anticipated Creta Electric in the Indian market during the Auto Expo 2025, marking a significant step in the company’s electric vehicle lineup. If you’re considering purchasing the base variant, known as the Executive, and are planning to make a down payment of Rs 3 lakh, you may be eager to understand the financial implications, particularly the monthly EMI (Equated Monthly Installment) you would need to pay. This article aims to provide you with all the essential details regarding the financing of this electric vehicle.

Price range and EMI calculation

The Electric version of the Creta has been introduced with the Executive variant priced at Rs 17.99 lakh (ex-showroom). For potential buyers in Delhi, it’s important to factor in additional costs such as insurance, which is estimated to be around Rs 75,000, along with a Tax Collected at Source (TCS) charge of Rs 17,990. When you add these costs to the ex-showroom price, the on-road price of the Hyundai Creta Electric comes to approximately Rs 18,92,214.

When it comes to financing the vehicle, banks typically consider the ex-showroom price for loan calculations. After making your down payment of Rs 3 lakh, you will need to finance the remaining amount, which is approximately Rs 15.92 lakh. If you secure a loan for this amount over a period of seven years at an interest rate of 9 percent, your monthly EMI will be around Rs 25,617.

Approximately Rs 5.59 lakh in interest

It’s essential to note that over the course of the seven-year loan term, you will end up paying approximately Rs 5.59 lakh in interest for the Hyundai Creta Electric Executive. This means that the total cost of your vehicle, when you take into account the ex-showroom price, on-road expenses, and the interest accrued over the loan period, will amount to roughly Rs 24.51 lakh.

In summary, if you’re considering the Hyundai Creta Electric Executive variant, it’s crucial to understand the financial commitments involved. With a down payment of Rs 3 lakh, your monthly EMI will be approximately Rs 25,617, and the total cost of ownership over seven years will be around Rs 24.51 lakh. This information will help you make an informed decision as you explore the exciting possibilities of owning an electric vehicle in India.