Maruti Car EMI Calculator: Maruti Suzuki cars have the highest demand within the country. In such a situation, if you are also planning to buy a car of this company, then we are telling you about the latest price of all the 9 models sold at Maruti Areno showroom and the EMI made on it. Alto, Celerio, Dzire, Eeco, Ertiga, S-Presso, Swift, Vitara Brezza and WagonR at Arena Showroom (WagonR) is available. If you want to buy any of these models, then you can buy them by making a down payment of 20% of the ex-showroom price.
We are here to show you how much loan you need to take after paying 20% down payment on the latest ex-showroom price of the base variant of all these 9 models. How much interest will have to be paid on this loan? How much extra money will you take out of your pocket while repaying the loan? Telling about all these things.
Interest rate on auto loan from 7.35% to 8.05%
State Bank of India (SBI) is charging interest from 7.35% to 8.05% on auto loans. These interest rates are for 5 years (60 months) to 7 years (84 months). That is, you can take a loan of the remaining amount by making a down payment of 20% of the ex-showroom price of the car. After which you will be able to repay this loan on easy EMI.
1. You can buy Maruti Alto by making a down payment of 20% of its ex-showroom price. In such a situation, you will have to pay Rs 3,54,805 during 7 years on the total loan at an interest rate of 8%. In this Rs 83,805 will be of interest. Understand the full mathematics of interest.
Model – Alto 800
Ex-showroom price – Starting from Rs 339,000
Down payment – Rs 68,000
Loan Amount – Rs 271,000
EMI (7 years) – Rs 4,224
2. You can buy Maruti S-Presso by making a down payment of 20% of its ex-showroom price. In such a situation, you will have to pay Rs 4,18,957 during 7 years on the total loan at an interest rate of 8%. 98,957 will be of interest in this. Understand the full mathematics of interest.
Model – S-Presso
Ex-showroom price – Starting from Rs.400,000
Down payment – Rs 80,000
Loan Amount – Rs 320,000
EMI (7 years) – Rs 4,988
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3. You can buy Maruti Eeco by making a down payment of 20% of its ex-showroom price. In such a situation, you will have to pay Rs 4,84,943 during 7 years on the total loan at an interest rate of 8%. In this Rs 1,14,543 will be of interest. Understand the full mathematics of interest.
Model – Echo
Ex-showroom price – Starting from Rs.463,000
Down payment – Rs 92,600
Loan Amount – Rs 370,400
EMI (7 years) – Rs 5,773
4. You can buy Maruti Celerio by making a down payment of 20% of its ex-showroom price. In such a situation, you will have to pay Rs 5,49,882 during 7 years on the total loan at an interest rate of 8%. In this Rs 1,29,882 will be of interest. Understand the full mathematics of interest.
Model – Celerio
Ex-showroom price – starting from Rs 525,000
Down payment – Rs 105,000
Loan Amount – Rs 420,000
EMI (7 years) – Rs 6,546
5. You can buy Maruti WagonR by making a down payment of 20% of its ex-showroom price. In such a situation, you will have to pay Rs 5,70,830 during 7 years on the total loan at an interest rate of 8%. In this Rs 1,34,830 will be of interest. Understand the full mathematics of interest.
Model – WagonR
Ex-showroom price – Starting from Rs 545,000
Down payment – Rs 109000
Loan Amount – Rs 436,000
EMI (7 years) – Rs 6,796
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