The new Hyundai Bayon is open for booking, and the smartest time to plan your finance is before launch. With your loan pre-approved, you can take delivery faster once prices are announced. Here is a simple guide for Visakhapatnam buyers.

Note: Bayon prices are not official yet. The EMI figures below are illustrative examples only, not quotes.

Media reports estimate the Bayon at around ?9.5–12.5 lakh ex-showroom. Your on-road price in Vizag will be higher after adding AP road tax, registration and insurance.

Plan your car purchase with this simple **car loan EMI table** based on an assumed **9% annual interest rate**. Compare estimated monthly EMIs for loan amounts from **?7 lakh to ?10 lakh** across **3-year, 5-year and 7-year tenures**. The actual EMI may vary depending on your bank, credit score, loan terms, down payment and current interest rates. Use the EMI calculator to get a more accurate estimate based on your preferred loan amount and down payment.

A common rule of thumb is to pay at least 20% of the on-road price as down payment. A bigger down payment means:
• Lower EMIs
• Less interest paid overall
• Easier loan approval
Tip: Your old car’s exchange value can count towards your down payment. See our exchange and loan offers in Vizag.

• 3 years: higher EMI, lowest total interest
• 5 years: the most popular balance of EMI and interest
• 7 years: lowest EMI, but the most interest paid over time
A good guideline is to keep your car EMI within 10–15% of your monthly take-home income.

Salaried:
• PAN card and Aadhaar
• Last 3 months’ salary slips
• 6 months’ bank statements
• Latest Form 16 or ITR
Self-employed:
• PAN card and Aadhaar
• Last 2 years’ ITR with computation
• 12 months’ bank statements
• Business proof (GST registration, trade licence, etc.)

• Multiple bank and NBFC options to compare rates
• Faster processing, with paperwork handled at the showroom
• One place for booking, finance, insurance and exchange

Learn more about our finance and EMI options in Vizag.

It depends on the final price, down payment, rate and tenure. At 9% over 5 years, an ?8 lakh loan is about ?16,600 a month (illustrative).

You can start the process and get pre-approval, so the loan is ready once prices are out.

Yes. Your exchange value can be adjusted against the on-road price.

A higher score, typically 750 or above, helps you get better rates. Our team can guide you.

Get your Bayon finance ready today. Contact Lakshmi Hyundai Vizag.