Hyundai Verna: Hyundai provides a diverse range of vehicles in the Indian market, spanning from hatchbacks to SUVs. If you are considering purchasing the base variant EX of the Hyundai Verna, classified as the company’s Mid Size Sedan, and intend to make a down payment of three lakh rupees, you may be curious about the monthly EMI you would need to pay (Hyundai Verna Down Payment and EMI).
This article aims to provide you with that information. The EX variant serves as the entry-level option for the Verna, with an ex-showroom price of Rs 11.07 lakh. For buyers in Delhi, additional costs include approximately Rs 1.18 lakh for RTO fees and around Rs 48 thousand for insurance. Furthermore, a TCS charge of Rs 11,074 will also apply. Consequently, the on-road price of the Hyundai Verna EX amounts to approximately Rs 12.85 lakh.
EMI calculation
When purchasing the base variant EX, the bank will finance the vehicle based solely on its ex-showroom price. Therefore, after making a down payment of Rs 3 lakh, you would need to secure financing of about Rs 9.85 lakh from the bank. If the bank provides this amount for a term of seven years at an interest rate of 9 percent, your monthly EMI would be approximately Rs 15,848 for the duration of the loan.
If you bring a car loan of Rs 9.85 lakh for seven years at a 9 percent interest rate, your monthly EMI will be around Rs 15,848. Over the seven-year period, you would pay approximately Rs 3.46 lakh in interest for the Hyundai Verna EX. Thus, the total cost of your vehicle, including the ex-showroom price, on-road expenses, and interest, would be around Rs 16.31 lakh.
Note: Prices may vary slightly depending on location, dealer, and model variant. It’s always recommended to check with your local dealer for the most accurate pricing and availability information.