Maruti Suzuki Alto [2010-2013] Car Loan EMI Calculator

₹ 5,214.
Here is how - Maruti Suzuki Alto [2010-2013] price starts from ₹ 3,05,164 in Bangalore. If you pay a down payment of ₹ 47,999 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 5,214.

The cheapest Alto [2010-2013] model is Std BS-IV which is priced at ₹ 3,05,164 in Bangalore. You will need to pay at least a ₹ 47,999 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Alto [2010-2013].

Version	On-road price in Bangalore	Max Loan
LXi CNG	₹ 4,22,982	₹ 3,57,892
LX CNG	₹ 4,00,956	₹ 3,39,062
Std CNG	₹ 3,62,148	₹ 3,05,884
LXi BS-IV	₹ 3,65,985	₹ 3,09,164
LX BS-IV	₹ 3,43,946	₹ 2,90,322
Std BS-IV	₹ 3,05,164	₹ 2,57,165

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Alto [2010-2013] Std BS-IV will be ₹ 4,756 but you will have to pay interest of ₹ 1,42,339 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 9,563, but your interest payment will be only ₹ 87,103 over the 3 years period.

₹ 5,214
Maruti Suzuki Alto [2010-2013] price starts from ₹ 3,05,164 in Bangalore.

We have considered
Down-payement : ₹ 47,999
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto [2010-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,02,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Alto [2010-2013] starts from ₹ 3.05 Lakh, you can get a loan with an annual income as low as ₹ 1.02 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto [2010-2013]

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.