Maruti Suzuki Wagon R [1999-2006] Car Loan EMI Calculator

₹ 6,459.
Here is how - Maruti Suzuki Wagon R [1999-2006] price starts from ₹ 3,55,308 in Navi Mumbai. If you pay a down payment of ₹ 36,763 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,459.

The cheapest Wagon R [1999-2006] model is LX BS-III which is priced at ₹ 3,55,308 in Navi Mumbai. You will need to pay at least a ₹ 36,763 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 Wagon R [1999-2006].

Version	On-road price in Navi Mumbai	Max Loan
AX BS-III	₹ 4,89,835	₹ 4,49,496
LX BS-III	₹ 3,55,308	₹ 3,18,545
VXi BS-III	₹ 4,12,535	₹ 3,70,374
LXi BS-III	₹ 3,86,588	₹ 3,46,872
AX BS-II	₹ 3,78,224	₹ 3,78,224

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 Wagon R [1999-2006] LX BS-III will be ₹ 5,538 but you will have to pay interest of ₹ 1,46,647 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 ₹ 11,134, but your interest payment will be only ₹ 82,279 over the 3 years period.

₹ 6,459
Maruti Suzuki Wagon R [1999-2006] price starts from ₹ 3,55,308 in Navi Mumbai.

We have considered
Down-payement : ₹ 36,763
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Wagon R [1999-2006] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,19,000

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 Wagon R [1999-2006] starts from ₹ 3.55 Lakh, you can get a loan with an annual income as low as ₹ 1.19 lakh.

Here are the most important things you should consider while getting a car loan for a new Wagon R [1999-2006]

• 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.