If you are planning to buy the new Hyundai Venue, you can own its base variant with a down payment of only ₹2 lakh. Let’s understand the full EMI calculation for the new Hyundai Venue.
Hyundai offers a wide range of cars across different segments in the Indian market. Recently, the company launched the new-generation model of its compact SUV — the Hyundai Venue. So, if you’re thinking of buying the new Hyundai Venue, this news will be very important for you. Today, we’ll explain the down payment and EMI calculation in detail. Let’s take a look.
Price of the new Hyundai Venue
First, let’s talk about the price. The starting ex-showroom price of the Hyundai Venue is ₹7.90 lakh, while the top variant costs up to ₹15.69 lakh.
If you plan to buy the base variant, you will also need to pay ₹64,000 for registration and ₹43,000 for insurance. Including other charges, the total cost of the car will come to around ₹8.98 lakh.
Monthly EMI for the new Hyundai Venue
If you buy the new Hyundai Venue with a ₹2 lakh down payment, you’ll need to finance ₹6.98 lakh through the bank.
If the bank offers you the loan at 9% interest rate for a 3-year tenure, your monthly EMI will be around ₹22,196.
Total cost of the new Hyundai Venue on EMI
If you pay ₹22,196 every month for 3 years, you’ll end up paying a total of ₹7.99 lakh to the bank.
This includes ₹1.01 lakh as interest. So, the car will cost you ₹1.01 lakh more when bought on EMI.
Engine options of the new Hyundai Venue
The new Hyundai Venue comes with three engine options:
- Kappa 1.2-litre MPI petrol
- Kappa 1.0-litre turbo GDI petrol
- U2 1.5-litre CRDi diesel
The 1.2-litre petrol engine produces 83 PS power and 114.7 Nm torque,
while the 1.0-litre turbo GDI petrol engine generates 120 PS power and 172 Nm torque.
The 1.5-litre CRDi diesel engine delivers 116 PS power and 250 Nm torque.
Disclaimer: The EMI calculations and pricing mentioned in this article are based on approximate values and may vary depending on the bank’s terms, loan eligibility, and other factors. Please verify with the official dealership or financial institutions for accurate details.
