The Hyundai Creta is a top-selling SUV in India. It has a large cabin, a powerful engine, an elegant design, and many functions. Considering buying the 2023 Hyundai Creta base model? Consider the 2023 Hyundai Creta Base Model EMI, downpayment, interest rate, ex-showroom price, and Delhi on-road price. All the information you need to make a decision is in this article.
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Hyundai Creta Base Model EMI & Downpayment
EMI stands for equated monthly instalment, which is the amount you have to pay every month to repay your car loan. Downpayment is the amount you have to pay upfront to the dealer or the bank before taking the loan. The EMI and downpayment depend on various factors such as:
- The loan amount: This is the amount of money you borrow from the bank or the dealer to buy the car. Usually, it is 80% to 90% of the car’s on-road price.
- The interest rate: This is the percentage of interest charged by the bank or the dealer on the loan amount. It varies from 8% to 22% depending on your credit score, income, and other factors.
- The tenure: This is the duration of the loan repayment. It can range from 1 year to 7 years depending on your preference and eligibility.
To calculate the EMI and downpayment for the 2023 Hyundai Creta base model, we have used the following assumptions:
- The ex-showroom price of the car is Rs. 10.87 lakh.
- The on-road price of the car in Delhi is Rs. 12.10 lakh.
- The loan amount is 90% of the ex-showroom price, which is Rs. 9.78 lakh.
- The interest rate is 10.5%, which is the average rate offered by most banks.
- The tenure is 5 years or 60 months, which is the most common choice among buyers.
Using these assumptions, we have created a table that shows the EMI and downpayment for different variants of the 2023 Hyundai Creta base model.
|Variant||Loan Amount||Interest Rate||Tenure||Downpayment||EMI|
|E||Rs. 9.78 lakh||10.5%||60 months||Rs. 4.27 lakh||Rs. 21,027|
|EX||Rs. 10.63 lakh||10.5%||60 months||Rs. 4.52 lakh||Rs. 22,850|
|E Diesel||Rs. 10.76 lakh||10.5%||60 months||Rs. 4.93 lakh||Rs. 23,138|
2023 Hyundai Creta Base Model Ex-showroom Price and On-road Price
Ex-showroom price is the price of the car before adding any taxes, fees, or charges. It is the price that the manufacturer or the dealer charges for selling the car.
On-road price is the final price of the car after adding all the taxes, fees, and charges such as GST, registration fee, insurance fee, road tax, handling fee, etc.
The ex-showroom price and on-road price of the 2023 Hyundai Creta base model in Delhi are as follows:
|Variant||Ex-showroom Price||On-road Price|
|E||Rs. 10.87 lakh||Rs. 12.10 lakh|
|EX||Rs. 11.49 lakh||Rs. 12.83 lakh|
|E Diesel||Rs. 11.62 lakh||Rs. 13 lakhs|
The 2023 Hyundai Creta base model is a great choice for anyone looking for a spacious, powerful, and stylish SUV with a host of features. However, before buying it, you should be aware of the EMI, downpayment, interest rate, ex-showroom price, and on-road price in your city. You can use online tools and websites to compare different variants and parameters and find the best deal for your budget and preference. We hope this article has helped you in getting all the information you need to buy the 2023 Hyundai Creta base model. Happy driving!