Hyundai Car Loan Interest Rates in India

Hyundai Motors

Hyundai Motor Corporation

Hyundai Motor Corporation is a popular South Korean automobile giant offering a wide range of cars for the Indian market. From its entry to the Indian market in the early 2000’s, the company has carved a niche in the automobile segment attracting a large customer base.

Hyundai today commands a loyal customer base that look forward to owning a Hyundai product compared to other car manufacturers.

Hyundai Motors over the years has become one of the preferred manufacturers approved by a wide range of banks as well as non banking financial companies offering home loans to the loan applicant.

Let us take a look at loan overview of customers seeking to buy a Hyundai car along with interest rates for various Hyundai car models.

Hyundai Car Loan Eligibility

Both public sector banks as well as private banks and non banking financial companies offer car loans for cars manufactured by Hyundai.

Car loans are available for both new cars as well as used cars for eligible loan applicants. All loan applicants must be eligible in terms of adequate annual earnings more than the threshold limit along with good repayment history.

Car loans for Hyundai Cars

Car loans for Hyundai cars are available for both self employed and salaried individuals. Banks usually offer Hyundai car loans for salaried individuals having an annual income of more than Rs. 2 Lakhs.

For self employed individuals the minimum annual earnings must be more than Rs. 60,000per year. In addition car loan applicants need to submit their income tax returns of the last two years. Salaried employees need to submit their latest salary slip for salaried individuals.

Down payment and Processing Fee Different banks and non banking financial companies charge

different processing fee and other loan facilitation charges. The overall quantum of the car loan depends on the down payment to be made upfront by the loan applicant along with the tenure of the loan.

Hyundai Motor corporation also offers a number of pre approved car loans through their strong pan Indian dealer network allowing users the advantage of taking instant car loan for various Hyundai models instead of facilitating a car loan through a bank or NBFC themselves thereby saving time.

Pre approved car loans Pre approved car loans from Hyundai Motors is available for

various car models including Hyundai Santro, Hyundai Eon, Hyundai i20, Hyundai Verna, Hyundai Accent, Hyundai Santa Fe, Hyundai i10, Hyundai Elantra and Hyundai Sonata.

Hyundai Car Loan Interest Rates

Banks Car Loan Interest rate Range

State Bank Of India (SBI)

10.75%

ICICI Bank 11.5 to 17%HDFC Bank 10.75 to 12.5%Kotak Mahindra Bank 11.5 to 13.5%

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