Maruti Suzuki Ritz Car Loan EMI Calculator

₹ 9,114.
Here is how - Maruti Suzuki Ritz price starts from ₹ 4,84,853 in Bokaro Steel City. If you pay a down payment of ₹ 35,343 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,114.

The cheapest Ritz model is Lxi BS-IV which is priced at ₹ 4,84,853 in Bokaro Steel City. You will need to pay at least a ₹ 35,343 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 Ritz.

Version	On-road price in Bokaro Steel City	Max Loan
Vxi BS-IV	₹ 5,45,641	₹ 5,05,186
Lxi BS-IV	₹ 4,84,853	₹ 4,49,510
Zxi BS-IV	₹ 6,12,976	₹ 5,68,419
Vxi (ABS) BS-IV	₹ 5,73,940	₹ 5,31,761
Zdi BS-IV	₹ 7,31,958	₹ 6,80,154
Ldi BS-IV	₹ 6,14,778	₹ 5,70,112
Vdi BS-IV	₹ 6,66,917	₹ 6,19,075
Vdi ABS BS-IV	₹ 6,86,901	₹ 6,37,842
Vxi AT BS-IV	₹ 6,80,644	₹ 6,31,966

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 Ritz Lxi BS-IV will be ₹ 7,557 but you will have to pay interest of ₹ 1,85,278 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 ₹ 15,194, but your interest payment will be only ₹ 97,474 over the 3 years period.

₹ 9,114
Maruti Suzuki Ritz price starts from ₹ 4,84,853 in Bokaro Steel City.

We have considered
Down-payement : ₹ 35,343
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,62,000

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 Ritz starts from ₹ 4.85 Lakh, you can get a loan with an annual income as low as ₹ 1.62 lakh.

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

• 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.