Following the recent reduction in GST rates, the Indian automobile market has seen a significant drop in vehicle prices. As a result, many premium hatchbacks have become more affordable than ever. If you’re looking to purchase a stylish and feature-rich car, the Hyundai i20 could be a great choice. This car is known for its premium design, performance, and features.
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Get the Hyundai i20 for just ₹1 lakh
Owning the Hyundai i20 has now become even easier with the availability of financing. If you don’t want to pay the full price upfront, you can purchase it with a down payment of just ₹1 lakh. You can then take a loan from a bank for the remaining amount and pay in installments. This way, you can own your favorite car without any financial burden.
Hyundai i20 Price and Variants
Hyundai India offers this premium hatchback in several variants. Its ex-showroom price in Delhi starts at ₹6.87 lakh and goes up to ₹10.43 lakh. The base variant, the Magna Executive, comes with a petrol engine and a manual transmission and is priced at ₹686,865 (ex-showroom).
Hyundai i20 On-Road Price and Expenses
When you purchase this car, there are additional expenses beyond the ex-showroom price. This includes approximately ₹62,161 for RTO (road tax), ₹41,906 for insurance, and approximately ₹800 for other expenses. Adding all these, the Hyundai i20’s on-road price comes to approximately ₹791,732. If you make a down payment of ₹1 lakh, you will need to take out a bank loan of ₹691,732.
Hyundai i20 Finance Plan and EMI Details
Suppose you take out a loan of ₹691,732 for a 7-year term, with a fixed interest rate of 10 percent. Your monthly installment (EMI) would be approximately ₹11,484. Over this period, you would pay a total of ₹272,888 in interest. This brings the total cost of your Hyundai i20 to approximately ₹1064,620.
If you wish, you can adjust the loan term, which will reduce your EMI. If you repay the loan early, the interest amount will also decrease, saving you a few thousand rupees.
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Why is the Hyundai i20 the best choice for a premium hatchback?
The Hyundai i20 is known not only for its attractive looks but also for its performance and features. The segment-leading features of this car, like a touchscreen infotainment system, connected technology, a premium interior, and a powerful engine, make it very popular among young customers.