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Hyundai Creta Base Model Price in Delhi

Your Monthly Salary to Own Hyundai Creta Base Model

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If you are planning to buy a new Hyundai Creta base model in Delhi, you might be wondering how much salary you need to afford it. In this blog post, we will help you calculate the monthly EMI, down payment, interest rate, ex-showroom price, and on-road price of the car based on your income and loan tenure.

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Hyundai Creta Base Model Price in Delhi

Hyundai Creta Base Model Price in Delhi
Hyundai Creta Base Model Price in Delhi

According to the latest data from various sources, the ex-showroom price of the Hyundai Creta base model in Delhi is Rs. 10.87 lakh. The on-road price, which includes RTO charges, insurance, and other fees, is Rs. 12.66 lakh. Assuming you want to finance 90% of the on-road price, you will need a loan amount of Rs. 11.39 lakh.

Creta Base Model Down Payment, Monthly EMI and Total Interest

The interest rate for a car loan depends on the lender, your credit score, and the loan tenure. For this example, we will use an average interest rate of 8.60% p.a., which is offered by some of the leading banks in India. The loan tenure can range from 1 year to 8 years, depending on your preference and eligibility.

The table below shows the monthly EMI, down payment, and total interest payable for different loan tenures.

Loan TenureMonthly EMIDown PaymentTotal Interest
1 yearRs. 98,309Rs. 1.27 lakhRs. 0.51 lakh
2 yearsRs. 51,114Rs. 1.27 lakhRs. 0.99 lakh
3 yearsRs. 35,433Rs. 1.27 lakhRs. 1.48 lakh
4 yearsRs. 27,571Rs. 1.27 lakhRs. 1.98 lakh
5 yearsRs. 22,859Rs. 1.27 lakhRs. 2.49 lakh
6 yearsRs. 19,760Rs. 1.27 lakhRs. 3.01 lakh
7 yearsRs. 17,519Rs. 1.27 lakhRs. 3.54 lakh
8 yearsRs. 15,858Rs. 1.27 lakhRs. 4.08 lakh

As you can see, the longer the loan tenure, the lower the monthly EMI, but the higher the total interest payable.

Your Salary to Own Hyundai Creta Base Model

To own a new Hyundai Creta base model in Delhi, you will need a monthly salary that can cover the EMI and other expenses such as fuel, maintenance, and insurance.

A general rule of thumb is that your EMI should not exceed more than 40% of your monthly income. Based on this criterion, we can estimate the minimum monthly salary required for different loan tenures as follows.

Loan TenureMonthly EMIMinimum Monthly Salary
1 yearRs.98,309Rs.2,45,773
2 yearsRs .51 ,114Rs .1 ,27 ,785
3 yearsRs .35 ,433Rs .88 ,583
4 yearsRs .27 ,571Rs .68 ,928
5 yearsRs .22 ,859Rs .57 ,148
6 yearsRs .19 ,760Rs .49 ,400
7 yearsRs .17 ,519Rs .43 ,798
8 yearsRs .15 ,858Rs .39 ,645

News Summary

To get the annual salary, you can multiply the monthly salary by 12.

We hope this blog post has helped you understand how much salary you need to own a new Hyundai Creta base model in Delhi.

Please note that these calculations are based on assumptions and may vary depending on your actual loan terms and conditions.

Before applying for a car loan, make sure to compare the interest rates and features offered by various lenders or other online platforms.

Happy car shopping!

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Siddharth Antre

Hey, I am Siddharth Antre, Blogger & Youtuber From Nashik. Here I share all Auto News on Daily Basis. Writing Blogs since 2014.

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