Maruti Suzuki A-Star Car Loan EMI Calculator

₹ 7,774.
Here is how - Maruti Suzuki A-Star price starts from ₹ 4,23,187 in Jalandhar. If you pay a down payment of ₹ 39,792 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,774.

The cheapest A-Star model is LXI which is priced at ₹ 4,23,187 in Jalandhar. You will need to pay at least a ₹ 39,792 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 A-Star.

Version	On-road price in Jalandhar	Max Loan
LXI	₹ 4,23,187	₹ 3,83,395
VXI	₹ 4,56,637	₹ 4,14,016
VXI AT	₹ 5,17,884	₹ 4,70,082
ZXI	₹ 4,85,014	₹ 4,39,992
ZXI (Opt)	₹ 5,04,898	₹ 4,58,194

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 A-Star LXI will be ₹ 6,596 but you will have to pay interest of ₹ 1,70,669 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 ₹ 13,261, but your interest payment will be only ₹ 94,001 over the 3 years period.

₹ 7,774
Maruti Suzuki A-Star price starts from ₹ 4,23,187 in Jalandhar.

We have considered
Down-payement : ₹ 39,792
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy A-Star with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,42,000

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 A-Star starts from ₹ 4.23 Lakh, you can get a loan with an annual income as low as ₹ 1.42 lakh.

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

• 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.