Maruti Suzuki Alto K10 [2014-2020] Car Loan EMI Calculator

₹ 7,572.
Here is how - Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 4,15,023 in Sonapur. If you pay a down payment of ₹ 41,588 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,572.

The cheapest Alto K10 [2014-2020] model is LX [2014-2019] which is priced at ₹ 4,15,023 in Sonapur. You will need to pay at least a ₹ 41,588 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 K10 [2014-2020].

Version	On-road price in Sonapur	Max Loan
LX [2014-2019]	₹ 4,15,023	₹ 3,73,435
LXi [2014-2019]	₹ 4,32,906	₹ 3,90,021
VXi [2014-2019]	₹ 4,50,880	₹ 4,06,692
VXi (O) [2014-2019]	₹ 4,72,068	₹ 4,26,344
VXi AMT [2014-2018]	₹ 4,81,335	₹ 4,40,833
LXi CNG [2014-2018]	₹ 4,80,853	₹ 4,40,386
LXi (Airbag) [2016-2019]	₹ 4,39,369	₹ 3,96,016
VXi AMT (Airbag) [2014-2019]	₹ 5,11,023	₹ 4,58,730
LXi CNG (Airbag) [2014-2019]	₹ 5,10,536	₹ 4,58,283
LX (Airbag) [2016-2019]	₹ 4,21,487	₹ 3,79,430
LX	₹ 4,12,228	₹ 3,70,843
LXi	₹ 4,30,283	₹ 3,87,588
VXi	₹ 4,48,016	₹ 4,04,036
VXi (O)	₹ 4,62,250	₹ 4,17,238
VXi AMT	₹ 4,96,019	₹ 4,48,559
LXi CNG	₹ 4,97,333	₹ 4,49,777

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 K10 [2014-2020] LX [2014-2019] will be ₹ 6,469 but you will have to pay interest of ₹ 1,69,961 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 ₹ 13,005, but your interest payment will be only ₹ 94,745 over the 3 years period.

₹ 7,572
Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 4,15,023 in Sonapur.

We have considered
Down-payement : ₹ 41,588
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto K10 [2014-2020] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,39,000

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 K10 [2014-2020] starts from ₹ 4.15 Lakh, you can get a loan with an annual income as low as ₹ 1.39 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto K10 [2014-2020]

• 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.