Hyundai Creta EMI Options – Affordable for Those with a Monthly Earning ₹45,000 and More!

It’s a dream to own Hyundai Creta, a compact SUV which has carved an imagination of brilliance on the masses ever since it made its way to the market in 2015. There was a lot of hype surrounding the stylish model and thus helped the Korean automobile major to garner a booking of around 15,000 on the launch date. But the buzz for the car is far from being over as  the automobile company has been able to sell more than 1.5 lakh Creta units in about 2 years from the launch.

The Sports Utility Vehicle (SUV) is available in as many as 14 variants having both petrol and diesel engine options. Since there are multiple variants, the prices can differ. The ex-showroom price of the base-end and top-end model is ₹9.29 lakhs and ₹14.55 lakhs, respectively. The on-road price, which adds ex-showroom price and other costs like RTO and insurance, is likely to be ₹10.40-17.27 lakhs.

The lenders tend to offer around 85%-90% of the on-road price as a car loan to the borrowers. So, when you decide to take a loan, you need to consider the price as well as the installments which are going to be applicable. The prices do dictate the EMI that a borrower has to pay till the expiry of the loan tenure, which can be a maximum of upto 7 years. The other thing that impacts the EMI greatly is the interest rate charged by the lender. The rates, as of now, range from 8.75%-12% per annum.

So, if you want to know Hyundai Creta EMI Options for each of the models, then read this article from start to the finish.

A Brief on Hyundai Creta Variants

The Hyundai Creta variants include E 1.6, E Plus 1.6, E Plus 1.4 CRDI, S 1.4 CRDI, SX Plus 1.6, among others. Let’s discuss the price and EMI of each variant so that you would be able to find a model fitting into your budget.

E 1.6

The 1591cc petrol-powered vehicle comes with an ex-showroom price of ₹9.29 lakhs. Offered with a manual transmission, the E 1.6 model offers a mileage of 15.29 KMPL. The on-road price of the vehicle is estimated to be ₹10.40 lakhs and the expected loan would be around ₹8.84-9.36 lakhs. This will lead to an EMI of ₹14,111-16,523 to be borne by a borrower for a period of 7 years.

E Plus 1.6

The ex-showroom price of E 1.6 Plus is expected to be ₹10 lakhs, with the on-road price standing at ₹11.18 lakhs. You can expect a loan of ₹9.50-10.06 lakhs to buy this 1591cc vehicle with a petrol engine option. The applicable EMI would thus be ₹15,164-17,759 on a 7-year loan.

E Plus 1.4 CRDI

The ex-showroom price and on-road price of the car are expected to be ₹10 lakhs and ₹11.39 lakhs, respectively. The lenders can disburse a loan of around ₹9.68-10.25 lakhs to buy this 1391cc diesel model. If that remains the case, you would then need to pay an EMI of ₹15,452-18,094 over the course of 7 years.

S 1.4 CRDI

The model is priced at ₹11.31 lakhs at the showroom. But when it hits the road, the price surges to ₹13.41 lakhs. If all goes well, you can get a loan of ₹11.40-12.07 lakhs, keeping the installments of ₹18,197-21,307 for this 1396cc diesel variant.

SX Plus 1.6

The petrol-powered, 1591cc vehicle comes with an ex-showroom and on-road price of ₹11.98 lakhs and ₹13.95 lakhs, respectively. The loan amount expected on the said vehicle is ₹11.86-12.55 lakhs. You can thus be ready to pay an EMI of ₹18,932-22,154 for 7 years.

S Plus 1.4 CRDI

As far as ex-showroom price is concerned, it stands at around ₹12.21 lakhs for the 1396cc diesel variant. The on-road, with the addition of RTO and insurance, goes up to ₹14.46 lakhs. Keeping that in mind, a loan worth ₹12.29-13.01 lakhs can come your way. You can pay off the loan in installments of ₹19,618-22,966 over a 7-year period.

SX Plus 1.6 AT CRDI

The ex-showroom price of the top-end Creta variant stands at ₹14.55 lakhs, while the on-road price is likely to be ₹17.27 lakhs. One can thus expect a loan of ₹14.68-15.54 lakhs and get ready to pay off the same in installments of ₹23,433-27,432 over a 7-year span.

Note-The ex-showroom and on-road price, as shown in the article, pertain to the Creta models in New Delhi. And, these prices for other cities can differ. The loan amount calculation is made at 85%-90% of the on-road price. Meanwhile, the EMI is calculated based on 8.75%-12% rate for a period of 7 years. There can be a slight deviation in the actual loan amount, rate and tenure. Based on that, the actual installment amount can also be different.

So guys, the Hyundai Creta EMI options have been explained in this article to take note of. Plan your budget in such a way that you won’t find paying off the loan a burden. The effective budgeting will not only enable a smooth repayment but also let you drive the car without any worry. Judging from the EMI options, it would be safe to say that a borrower with a monthly income of ₹45,000 and more can pay off the car loan with ease.

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