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.

1. Hyundai Car Loan Interest
Rates in India
Hyundai Motors

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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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