Know 2022 Maruti Suzuki Ertiga EMI ready on Rs 90,000 down payment: Details explained

Maruti Suzuki recently launched the Ertiga 2022 facelift in the Indian market with a host of changes from the outgoing model. The MPV gets some visual upgrades, a range of new features and safety tech, plus an updated 1.5-litre petrol engine under the hood, with a new 6-speed automatic gearbox. gears with paddle shifters (optional).
Thinking of buying the 2022 Maruti Suzuki Ertiga and wondering how much EMI you will have to pay? Here is a table showing the on-road (Delhi) price per Maruti MPV variant, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a down payment –
Variant On-road prices
(Delhi)
Mandate Interest rate
(valued)
Down
Payment
NDE
LXI Rs 9,36,355 5 years 9.8% 90,000 rupees 17,899 rupees
VXI Rs 10,62,531 5 years 9.8% Rs 1,00,000 20,356 rupees
VXI CNG Rs 12,09,437 5 years 9.8% Rs 1,20,000 23,040 rupees
ZXI Rs 12,26,639 5 years 9.8% Rs 1,23,000 23,341 rupees
VXIAT Rs 12,72,511 5 years 9.8% Rs 1,27,000 24,226 rupees
ZXI+ Rs 13,06,915 5 years 9.8% Rs 1,31,000 24,869 rupees
ZXI CNG Rs 13,35,585 5 years 9.8% Rs 1,34,000 25,412 rupees
ZXI AT Rs 13,98,659 5 years 9.8% Rs 1,40,000 26,619 rupees
ZXI+ AT Rs 14,78,936 5 years 9.8% Rs1,48,000 28,148 rupees

To simplify, we have chosen an average tenure of 5 years/60 months as standard, with 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 takes out the loan, while the interest rate varies from one bank to another. In addition, you can of course choose to pay a higher or lower down payment, which will respectively decrease or increase your easy monthly payment (EMI).

Maruti Suzuki is currently selling the Ertiga in India at a starting price of Rs 8.35 lakh for the entry-level LXI variant, going up to Rs 12.79 lakh (both prices, ex-showroom) for the top-of-the-line ZXI+ automatic model. However, the on-road (Delhi) price of the Maruti MPV currently stands between Rs 9.36 lakh and Rs 14.79 lakh.
For example, suppose you decide to buy the mid-level VXI variant of the Maruti Suzuki Ertiga MPV, which currently has an ex-showroom price of Rs 9.49 lakh. If you pay Rs 1 lakh as a down payment on the price of Rs 10,62,531 on the road (Delhi), you will end up paying Rs 20,356 each month for a period of 60 months (5 years) on a total loan amount of Rs 9 ,62,531. At the end of the term, you would have paid Rs 13,21,360 (all inclusive) for the SUV, which also includes the down payment of Rs 1 lakh paid in advance, along with interest incurred during the above-mentioned period.
Let us know in the comments below if you want to know the EMI loan amount for any other car or SUV of your choice!


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Elaine R. Knight