If you are also planning to buy a compact SUV, then Hyundai Venue can be a great option, which is being liked by millions of people every month. But after a down payment of ₹ 2 lakh, how much EMI will you have to pay every month to bring it home? In this news, we will tell you in detail about the price of Venue, EMI math and its competitors, so that you can take an informed decision.
The real price of Hyundai Venue
Hyundai offers its compact SUV Venue in different variants. The base variant of this SUV, i.e. the initial model, starts at ₹ 7.94 lakh ex-showroom price. If you buy it in Delhi, its on-road price reaches around ₹ 8.98 lakh. In this price, apart from the ex-showroom price of ₹ 7.94 lakh, about ₹ 63 thousand will have to be paid as RTO (road tax) and about ₹ 41 thousand as insurance. It is important to know this so that you can plan your budget properly.
How much will be the EMI after a down payment of ₹2 lakh
If you buy the base variant of this great car with a petrol engine, the bank will give you a loan only at the ex-showroom price. In such a situation, after making a down payment of ₹2 lakh, you will have to take a loan of about ₹6.98 lakh from the bank. If the bank gives you this loan of ₹6.98 lakh at an interest rate of 9% for seven years, then you will have to pay an EMI of only ₹11,243 every month for the next seven years. This is an estimated figure, and the bank’s interest rates may vary.
How much will the whole car cost
If you take a car loan of ₹6.98 lakh from the bank at an interest rate of 9% for seven years, then you will have to pay an EMI of ₹11,243 every month for seven years. According to this, in seven years you will pay around ₹ 2.45 lakh as interest for Hyundai Venue. After this, including ex-showroom, on-road price, and interest, you will have to pay around ₹ 11.44 lakh for this car. This is a long-term investment, so it is important to consider all aspects.
Who does Venue compete with directly
Hyundai Venue has maintained its strong hold in the compact SUV segment. In this segment, it competes directly with many great vehicles, including powerful SUVs like Maruti Brezza, Kia Sonet, Kia Syros (although no vehicle named Syros is directly available in this segment, possibly Kia Seltos is being mentioned or it is a typo), Tata Nexon and Mahindra XUV 3XO. All these vehicles have their features and prices, so it is important to choose the right option according to your needs and budget.