India: Car financing has become increasingly popular in India, allowing many buyers to bring home a new vehicle with manageable monthly payments. Maruti Suzuki is synonymous with budget-friendly cars, and its most affordable models include S-Presso, Alto K10, Celerio, Wagon R, and Eeco. Here’s a detailed look at the EMI (Equated Monthly Installment) if you finance the base models with a ₹1 lakh down payment over 5 years at 10% interest rate.
1. Maruti S-Presso
- Ex-Showroom Price: ₹3.50 lakh
- On-Road Price: ₹4.30 lakh
- Loan Amount (after ₹1 lakh down payment): ₹3.30 lakh
- EMI for 5 years at 10% interest: ₹7,012/month
- Total Interest Payable: ₹90,691
2. Maruti Alto K10
- Ex-Showroom Price: ₹3.70 lakh
- On-Road Price: ₹4.48 lakh
- Loan Amount: ₹3.48 lakh
- EMI: ₹7,394/month
- Total Interest Payable: ₹95,638
3. Maruti Celerio
- Ex-Showroom Price: ₹4.70 lakh
- On-Road Price: ₹5.64 lakh
- Loan Amount: ₹4.64 lakh
- EMI: ₹9,859/month
- Total Interest Payable: ₹1,27,518
4. Maruti Wagon R
- Ex-Showroom Price: ₹4.99 lakh
- On-Road Price: ₹5.93 lakh
- Loan Amount: ₹4.93 lakh
- EMI: ₹10,475/month
- Total Interest Payable: ₹1,35,488
5. Maruti Eeco 5-Seater
- Ex-Showroom Price: ₹5.21 lakh
- On-Road Price: ₹6.29 lakh
- Loan Amount: ₹5.29 lakh
- EMI: ₹11,240/month
- Total Interest Payable: ₹1,45,000
Summary: With a modest down payment of ₹1 lakh, buyers can finance Maruti’s most affordable cars and manage monthly EMIs ranging from ₹7,012 to ₹11,240 over five years. These budget-friendly options make it easier for first-time buyers to own a reliable Maruti car without straining their finances.
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