Be aware that Maruti Suzuki Celerio lends EMI on a down payment of Rs 60,000: Details explained
Plan to buy the 2022 Maruti Suzuki Celerio and you wonder how much EMI would you have to pay? Here is a table showing the on-road (Delhi) price per variant of the Maruti sedan, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a advance payment –
|LXI||Rs5,72,297||5 years||9.8%||60,000 rupees||10,834 rupees|
|VXI||Rs6,24,975||5 years||9.8%||62,000 rupees||11,906 rupees|
|ZXI||Rs6,46,476||5 years||9.8%||65,000 rupees||12,298 rupees|
|AMT VXI||Rs6,97,448||5 years||9.8%||70,000 rupees||13,270 rupees|
|AMT ZXI||Rs 7,19,549||5 years||9.8%||72,000 rupees||13,695 rupees|
|ZXI+||Rs 7,26,179||5 years||9.8%||73,000 rupees||13,814 rupees|
|VXI CNG||Rs 7,47,175||5 years||9.8%||75,000 rupees||14,216 rupees|
|ZXI+ AMT||Rs 7,81,432||5 years||9.8%||78,000 rupees||14,877 rupees|
To make it easier for you, we have chosen an average occupancy period of 5 years as standard, as well as a down payment of approximately 10% and an estimated bank interest rate of 9.8%. Note that the buyer is free to decide the duration for which he will take out the loan, while the interest rate varies from one bank to another. Additionally, you can also choose to pay a higher or lower down payment, which will decrease or increase your Easy Monthly Payment (EMI) respectively.
For example, if you were to purchase the VXI MT variant of the Maruti Suzuki Celerio (ex-showroom price – Rs 5.74 lakh), you would end up paying Rs 11,906 as a monthly installment for a period of 5 years with a return on 9.8% investment. , as well as a one-time down payment of Rs 62,000. All added up, you end up paying around Rs 7.76 lakh for the said variant at the end of your loan tenure, which includes on-road price, down payment amount , as well as interest incurred during the aforementioned period.
Let us know in the comments below if you want to know the EMI for any other car, motorcycle or scooter of your choice.