Maruti Suzuki Alto K10 Car Loan EMI Calculator

₹ 8,090.
Here is how - Maruti Suzuki Alto K10 price starts from ₹ 4,84,251 in Bangalore. If you pay a down payment of ₹ 85,251 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,090.

The cheapest Alto K10 model is Std which is priced at ₹ 4,84,251 in Bangalore. You will need to pay at least a ₹ 85,251 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 Alto K10.

Version	On-road price in Bangalore	Max Loan
Std	₹ 4,84,251	₹ 3,99,000
LXi	₹ 5,83,675	₹ 4,83,500
VXi	₹ 6,15,766	₹ 5,06,000
VXi Plus	₹ 6,50,208	₹ 5,35,000
VXi AGS	₹ 6,75,150	₹ 5,56,000
VXi Plus AGS	₹ 7,09,597	₹ 5,85,000
VXi S-CNG	₹ 7,20,757	₹ 5,96,000
LXi S-CNG	₹ 6,85,169	₹ 5,73,500

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 Alto K10 Std will be ₹ 7,548 but you will have to pay interest of ₹ 2,35,032 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 ₹ 15,175, but your interest payment will be only ₹ 1,47,300 over the 3 years period.

₹ 8,090
Maruti Suzuki Alto K10 price starts from ₹ 4,84,251 in Bangalore.

We have considered
Down-payement : ₹ 85,251
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto K10 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 Alto K10 starts from ₹ 4.84 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 Alto K10

• 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.