Maruti Suzuki Swift [2005-2010] Car Loan EMI Calculator

₹ 8,267.
Here is how - Maruti Suzuki Swift [2005-2010] price starts from ₹ 4,54,654 in Navi Mumbai. If you pay a down payment of ₹ 46,924 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,267.

The cheapest Swift [2005-2010] model is LXi which is priced at ₹ 4,54,654 in Navi Mumbai. You will need to pay at least a ₹ 46,924 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 Swift [2005-2010].

Version	On-road price in Navi Mumbai	Max Loan
LXi	₹ 4,54,654	₹ 4,07,730
VXi	₹ 4,87,764	₹ 4,37,720
ZXi	₹ 5,78,487	₹ 5,18,536
VXi ABS	₹ 5,09,013	₹ 4,56,967
LDi	₹ 5,35,858	₹ 4,81,282
VDi	₹ 5,74,767	₹ 5,15,166
VDi ABS	₹ 5,95,571	₹ 5,34,010
GLAM	₹ 5,08,678	₹ 4,57,933

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 Swift [2005-2010] LXi will be ₹ 7,086 but you will have to pay interest of ₹ 1,87,494 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 ₹ 14,247, but your interest payment will be only ₹ 1,05,162 over the 3 years period.

₹ 8,267
Maruti Suzuki Swift [2005-2010] price starts from ₹ 4,54,654 in Navi Mumbai.

We have considered
Down-payement : ₹ 46,924
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Swift [2005-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,52,000

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 Swift [2005-2010] starts from ₹ 4.55 Lakh, you can get a loan with an annual income as low as ₹ 1.52 lakh.

Here are the most important things you should consider while getting a car loan for a new Swift [2005-2010]

• 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.