Hyundai India Introduces Five New Financing Schemes

  • Top
  • Published On: 9 May 2020
  • Views
  • Likes
  • 3 min read
  • Download

Hyundai India provides a customer flexibility in re-payment of loans during the coronavirus crisis.

Hyundai India
  • Hyundai India

The lockdown initiated across the nation due to the coronavirus pandemic has adversely affected the Indian economy with the automobile sector being one of the worst-hit sectors. The coronavirus pandemic has brought the production and operation of the automakers to a standstill. Like every other manufacturer, Hyundai is also gearing up to get its business back on track post lockdown. It has already launched a number of initiatives like ‘Click to drive’ online sales portal, EMI assurance scheme, and new guidelines for its showroom and service centers. The latest initiative includes five new financing schemes that provide more convenient re-payment options to its customers in this time of crisis. 

Hyundai India provides a customer flexibility

3-Months Low EMI Scheme

This scheme allows customers to opt for low EMIs for the first 3 months. The balance amount will be settled in the remaining EMI's for 3,4, and 5-year loan tenure. This scheme is applicable to all Hyundai models. 

Step-Up Scheme

This scheme can be costly in the long run. The customer will have to pay an EMI of Rs 1,234 per Lakh for the first year of a 7 year tenure loan. From the second year onwards, the EMI will increase by 11 percent every year till the end of the loan tenure. This scheme is valid for all Hyundai models.

Balloon Scheme

Under this scheme, the customer needs to pay a lower EMI from the 1st to 59th month (in a five-year loan tenure), with the EMI for the last month being 25 percent of the total loan to be repaid. This scheme too is valid for all Hyundai models.

Longest Duration Scheme

This scheme offers 8-years of loan repay duration. Under this scheme, the customers will pay the smallest monthly EMI amount, easing the burden of repayment. This scheme is valid for selected Hyundai models.

Low Down Payment Scheme

This scheme offers 100 percent on-road funding (covering the entire on-road cost of the car) from finances. This means zero down payment. This scheme is also applicable to the selected Hyundai models.

Although these schemes ease up the initial buying process, you still end up paying more in the long run. Apart from this, Hyundai Motor India has already begun resuming business across the country. The carmaker is planning to re-open more touchpoints in the coming weeks, in accordance with government directives.

Read Also: Mahindra Introduces "Own Online" Digital Platform for Car Sales 

Author: Samreen Pall

A Computer Science graduate but a writer at heart, Samreen has one motto that she swears by: 'Everything is dull and useless if it has no drama in it.' This motto comes to life through her writing and storytelling style. She is the Senior Lead - Content Writer at Droom Technology currently and has a total experience of 5 years. In the past, she has worked with renowned brands while creating and curating amazing content for these brands. She is an avid traveller and loves a quiet sunset on a mountain top. more

Search Your Dream Vehicle

Select Category

  • Bikes
  • Scooters

Recent News

Benelli 502C India Launch on July 29, 2021
Published On : 28 July 2021 | 1 min read

Benelli 502C will be offered in two color choices namely Matte Cognac Red and Glossy Black

Click here to Read More
COVID-19 India: Daimler Starts Free Vaccination for Truck Drivers
Published On : 28 July 2021 | 1 min read

The company inoculated over 60 drivers on the first day at its Oragadam Plant

Click here to Read More
Diesel Home Deliveries Start in Delhi
Published On : 28 July 2021 | 1 min read

BPCL joins hands with Humsafar India to deliver diesel to your doorstep through its 20-litres jerry cans.

Click here to Read More
Pure EV Extends the Warranty Policy for its Electric Vehicles
Published On : 28 July 2021 | 1 min read

The new extended warranty policy covers key power-train components (Battery, Motor, Controller) for all the products

Click here to Read More
Toyota India Announces 8 Years Warranty on Hybrid Vehicles
Published On : 28 July 2021 | 1 min read

This new warranty will be applicable on the brand’s Self-charging Hybrid Electric Vehicles (SHEVs) which includes Camry and Vellfire

Click here to Read More
Ford Aspire to Come with a 6-speed Automatic Gearbox
Published On : 28 July 2021 | 1 min read

The new Ford Aspire AT variant is expected to be launched in the coming months in India

Click here to Read More