In the auto market of the country, there are many great auto companies that offer powerful cars in various segments. Especially the customer SUV Cars in the segment are more preferred. One such popular SUV is the Hyundai Creta.
The mid-size SUV Hyundai Creta N Line from South Korean automaker Hyundai Motor Company is offered in a sporty version. If you are thinking of buying this SUV then this news will be useful for you. Let’s find out, how much EMI will you have to pay every month after making a down payment of Rs 3 lakh?
The base variant N8 of the Creta N Line from Hyundai is priced at Rs 17.83 lakh ex-showroom. Buying this car comes with registration fee, insurance and other charges along with the ex-showroom price. About 1.78 lakh rupees registration tax, about 78 thousand rupees insurance and about 18 thousand rupees TCS fee has to be paid. Hence, the on-road price of this SUV is around Rs 20.57 lakh.
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Banks generally sanction loans at ex-showroom prices. If you make a down payment of Rs 3 lakh, the loan will be around Rs 17.57 lakh. If this loan is taken for seven years at an interest rate of 9 percent, the EMI will be around Rs 28,277 per month.
If you take a loan of Rs 17.57 lakh for seven years at 9 percent interest rate, you will pay around Rs 6.17 lakh as interest in seven years. So if the ex-showroom price, on-road costs and interest are taken into account, the car will cost around Rs 26.75 lakh.
Direct competitors of the Creta N Line in the mid-size SUV segment include Toyota Urban Cruiser Hyryder MG Hector, Maruti Grand Vitara and Mahindra Scorpio. If you want an SUV with sporty looks, powerful performance and premium features, the Creta N Line can be an attractive option.
