Seems to me the somewhat hectoring responses so far would be unhelpful to the OP. He is obviously aware of potential engine damage and has checked the oil level. But ,as so often, age is mentioned (immaterial for machines) but not mileage. Also, is the red warning light for low level or low pressure? The difference is crucial. If merely low level I suspect a dodgy electrical connection. The whirring sound might be something totally unrelated, possibly from a drive belt. If visible, spray some water on it to see if it alters the noise.
A similar problem was discussed here in 2019.....
www.honestjohn.co.uk/forum/post/131811/hyundai-i10...5
I would also see if there was anything on the Hyundai forum. Hope this is helpful.
PS ....as it seems to have been flashing almost since the OP bought it, I wonder if the previous owner had let it run too low, realised the error and the possibility of damage, topped it up and flogged it.
Edited by John F on 09/01/2024 at 09:01
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