Maruti Suzuki is the largest car sales company in India. The Maruti Swift is the best-selling and most popular car. People like it a lot because of its attractive looks, features, and better mileage. Simultaneously, the onset of the festive season in India has led to a surge in car financing. Given this, we want to know if you plan to purchase a car with a down payment of Rs 1 lakh, how much you will have to pay in monthly installments (EMI), and how much loan you will need to take out.
This is Maruti Swift’s price.
Recently, the company launched its new version, priced between Rs 6.49 lakh and Rs 9.60 lakh ex-showroom. Its base variant, Swift VXi petrol, has an ex-showroom price of Rs 6,49,000, and the on-road cost is Rs 7,37,365.
How much EMI will you have to pay for Maruti Swift LXi?
If you make a down payment of Rs 1 lakh to buy Maruti Suzuki Swift LXi, then you will have to take a loan of Rs 6,37,365. If you are getting this loan for 5 years at an interest rate of 9 percent, then you will have to pay Rs 13,231 every month for 5 years as a monthly installment, i.e., EMI. Accordingly, you will have to pay Rs 1,56,474 in interest over the next five years.
How much EMI will you have to pay for Maruti Swift ZXi Plus AMT DT?
This is the top Swift petrol model. Its ex-showroom price is Rs 9,59,500, and its on-road cost is Rs 10,84,744. If you are planning to buy it on a down payment of Rs 2 lakh, then you will have to take a loan of Rs 8,84,744. If you take this loan for 7 years, the interest rate is 9 percent. On this loan, you will have to pay a monthly installment, i.e., an EMI of Rs 14,235 every month for 7 years. Accordingly, you will have to pay Rs 3,10,972 in interest over the next seven years. In this case, you will have to pay a total of Rs 11,95,716.