Maruti Suzuki Baleno Car Loan EMI Calculator

₹ 13,508.
Here is how - Maruti Suzuki Baleno price starts from ₹ 7,42,046 in Mandi. If you pay a down payment of ₹ 75,840 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,508.

The cheapest Baleno model is Sigma MT which is priced at ₹ 7,42,046 in Mandi. You will need to pay at least a ₹ 75,840 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 Baleno.

Version	On-road price in Mandi	Max Loan
Sigma MT	₹ 7,42,046	₹ 6,66,206
Delta MT	₹ 8,32,958	₹ 7,50,206
Delta AGS	₹ 8,90,072	₹ 8,00,206
Delta MT CNG	₹ 9,33,363	₹ 8,40,206
Zeta MT	₹ 9,36,611	₹ 8,43,206
Zeta AGS	₹ 9,90,724	₹ 8,93,206
Zeta MT CNG	₹ 10,34,016	₹ 9,33,206
Alpha MT	₹ 10,39,427	₹ 9,38,206
Alpha AGS	₹ 10,93,541	₹ 9,88,206

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 Baleno Sigma MT will be ₹ 11,566 but you will have to pay interest of ₹ 3,05,338 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 ₹ 23,253, but your interest payment will be only ₹ 1,70,902 over the 3 years period.

₹ 13,508
Maruti Suzuki Baleno price starts from ₹ 7,42,046 in Mandi.

We have considered
Down-payement : ₹ 75,840
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,48,000

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 Baleno starts from ₹ 7.42 Lakh, you can get a loan with an annual income as low as ₹ 2.48 lakh.

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

• 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.