Maruti Suzuki Baleno and Hyundai i20 are two of the most popular and bestselling hatchbacks in India. Not only that, these two cars have been instrumental in keeping the under-pressure small and compact car segment alive. Maruti Suzuki sells the Baleno through its Nexa retail network. It is priced between ₹598,900 and ₹909,900 (ex-showroom). It competes with key rivals such as the Tata Altroz and the Hyundai i20.
The Hyundai i20 is known as a stylish premium hatchback with a sharp design. The Hyundai i20 comes priced between ₹5.99 lakh and ₹10.57 lakh (ex-showroom), depending on the variants.
If you have been planning to buy a premium hatchback and the Maruti Suzuki Baleno and Hyundai i20 are in your shortlist, here is a quick look at the monthly EMI you have to pay.
To calculate the monthly EMI for the Maruti Suzuki Baleno and Hyundai i20, we have considered the top-end pricing of these premium hatchbacks, which are ₹909,900 and ₹10.57 lakh (ex-showroom). The loan has been considered as 100% of the ex-showroom price, while the rate of interest considered was 9.5%. The repayment tenures considered are 24 months, 36 months, 48 months and 60 months.
As per this monthly EMI calculation, if the buyer opts for a 24-month repayment tenure, the monthly EMI payable will be ₹41,778, which will be ₹29,147, ₹22,860, and ₹19,110 in the case of 36-month, 48-month, and 60-month repayment tenures, respectively.
On the other hand, the Hyundai i20 commands a monthly EMI of ₹48,532 for a 24-month repayment tenure. For 36-month, 48-month, and 60-month tenures, the amount will be ₹33,859, ₹26,555, and ₹22,199, respectively.
Grab Offer Now
