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Maruti Suzuki Alto Car Loan EMI Calculator

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Maruti Suzuki Alto ₹ 3.85 - 6.45 Lakh

Versions STD

City Mumbai

Adjust Alto Car Loan Parameters

₹ 6,590 EMI for 5 Years

On-Road Price

₹ 3,85,253

Down Payment

₹

Loan Tenure

Loan Interest Rate

Total Loan Taken

₹ 3,25,000

Maruti Suzuki Alto STD Car Loan EMI

On-Road Price	₹3,85,253
Ex-Showroom Price	₹3,25,000
Max Loan Amount	₹3,25,000
Down Payment as per your Selection	₹60,253

Loan Amount	₹3,25,000
EMI Amount	₹6,590

Interest Component	₹70,400 (17.8%)
Principal Component	₹3,25,000 (82.2%)

Total Payable over 5 Years

₹ 3,95,400

Note: This doesn't include bank processing fee.

Maruti Suzuki Alto Loan Repayment Schedule

This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

Months	Principal Paid	Interest Paid	Balance Loan
12	₹55,068	₹24,010	₹2,69,932
24	₹59,639	₹19,439	₹2,10,293
36	₹64,589	₹14,489	₹1,45,705
48	₹69,949	₹9,128	₹75,755
60	₹75,755	₹3,323	₹0

Maruti Suzuki Alto EMI

Maruti Suzuki Alto Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹0.6 Lakh

On-Road Price in Mumbai	Down Payment	EMI
STD ₹3,85,253	₹60,253	₹6,590
STD (O) ₹4,75,345	₹1,36,345*	₹6,874
LXi ₹5,50,194	₹1,56,194*	₹7,989
LXi CNG ₹5,53,482	₹64,482*	₹9,915
LXi (O) ₹5,68,486	₹1,60,486*	₹8,273
VXi ₹5,95,482	₹1,67,482*	₹8,678
VXi Plus ₹6,13,706	₹1,72,206*	₹8,952
LXi (O) CNG ₹6,45,398	₹1,42,398*	₹10,199

* Min down payment requirement for this model is higher then your selected value

Explore More About Maruti Suzuki Alto

Alto Details

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On-road price detail

Mileage

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FAQs

₹6,590.

Here is how - Maruti Suzuki Alto price starts from ₹3,85,253 in Mumbai. If you pay a down payment of ₹60,253 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹6,590.

The cheapest Alto model is STD which is priced at ₹6,590 in Delhi.

You will need to pay at least a ₹37,379 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.

Version	On-road price Mumbai	Max Loan
STD	385253	325000
STD (O)	475345	339000
LXi	550194	394000
LXi (O)	568486	408000
VXi	595482	428000
Vxi Plus	613706	441500
LXi CNG	553482	489000
LXi (O) CNG	645398	503000

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 will be ₹5,066 but you will have to pay interest of ₹1,00,544 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹15,762, but your interest payment will be only ₹64,432 over the period of 3 years period.

₹6,590.

Maruti Suzuki Alto price starts from ₹3,85,253 in Mumbai.

We have considered

Down-payment: 60,253

Tenure: 5 years

Interest rate: 8%

You will need to fulfil the following 2 criteria to buy Alto with a loan.

1. Age should be above 21.

2. Your annual income should be above ₹96,000

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 starts from 3,85,253, you can get a loan with an annual income as low as 96,000.

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

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.

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Disclaimer : The EMI calculator performs the calculation as per the information entered by you and this does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest whole figure. The actual down payment and EMI payment may vary depending upon type and use of vehicle, lender requirements and your credit strength. Check with a financial institution for the exact payment.