Maruti Suzuki Celerio X Car Loan EMI Calculator

₹ 9,842.
Here is how - Maruti Suzuki Celerio X price starts from ₹ 5,72,550 in Srikakulam. If you pay a down payment of ₹ 87,178 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,842.

The cheapest Celerio X model is VXi [2019-2020] which is priced at ₹ 5,72,550 in Srikakulam. You will need to pay at least a ₹ 87,178 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 Celerio X.

Version	On-road price in Srikakulam	Max Loan
Vxi [2017-2019]	₹ 5,78,320	₹ 4,90,372
Vxi AMT [2017-2019]	₹ 6,29,444	₹ 5,33,371
Vxi (O) [2017-2019]	₹ 5,85,101	₹ 4,96,247
Vxi (O) AMT [2017-2019]	₹ 6,36,226	₹ 5,39,247
Zxi [2017-2019]	₹ 6,08,136	₹ 5,14,908
Zxi AMT [2017-2019]	₹ 6,57,761	₹ 5,57,908
Zxi (Opt) [2017-2019]	₹ 6,55,009	₹ 5,55,523
Zxi (O) AMT [2017-2019]	₹ 6,68,858	₹ 5,67,523
VXi [2019-2020]	₹ 5,72,550	₹ 4,85,372
VXi AMT [2019-2020]	₹ 6,23,675	₹ 5,28,372
VXi (O) [2019-2020]	₹ 5,79,331	₹ 4,91,248
VXi (O) AMT [2019-2020]	₹ 6,30,456	₹ 5,34,248
ZXi [2019-2020]	₹ 6,02,367	₹ 5,09,909
ZXi AMT [2019-2020]	₹ 6,51,992	₹ 5,52,909
ZXi (Opt) [2019-2020]	₹ 6,49,240	₹ 5,50,524
ZXi (O) AMT [2019-2020]	₹ 6,63,089	₹ 5,62,524
Vxi	₹ 6,04,756	₹ 5,11,448
VXi AMT	₹ 6,62,459	₹ 5,61,448
VXi (O)	₹ 6,15,143	₹ 5,20,448
VXi (O) AMT	₹ 6,72,846	₹ 5,70,448
Zxi	₹ 6,36,724	₹ 5,39,148
ZXi AMT	₹ 6,94,427	₹ 5,89,148
ZXi (Opt)	₹ 6,83,579	₹ 5,79,748
ZXi (O) AMT	₹ 6,97,428	₹ 5,91,748

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 Celerio X VXi [2019-2020] will be ₹ 8,924 but you will have to pay interest of ₹ 2,64,244 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 ₹ 17,942, but your interest payment will be only ₹ 1,60,540 over the 3 years period.

₹ 9,842
Maruti Suzuki Celerio X price starts from ₹ 5,72,550 in Srikakulam.

We have considered
Down-payement : ₹ 87,178
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Celerio X with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,91,000

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 Celerio X starts from ₹ 5.73 Lakh, you can get a loan with an annual income as low as ₹ 1.91 lakh.

Here are the most important things you should consider while getting a car loan for a new Celerio X

• 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.