Maruti Suzuki Grand Vitara Car Loan EMI Calculator

₹ 22,274.
Here is how - Maruti Suzuki Grand Vitara price starts from ₹ 12,82,701 in Bilaspur. If you pay a down payment of ₹ 1,84,158 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,274.

The cheapest Grand Vitara model is Sigma Smart Hybrid which is priced at ₹ 12,82,701 in Bilaspur. You will need to pay at least a ₹ 1,84,158 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 Grand Vitara.

Version	On-road price in Bilaspur	Max Loan
Zeta Plus Intelligent Hybrid eCVT Dual Tone	₹ 21,10,980	₹ 18,58,607
Alpha Plus Intelligent Hybrid eCVT Dual Tone	₹ 23,29,360	₹ 20,08,549
Sigma Smart Hybrid	₹ 12,82,701	₹ 10,98,543
Delta Smart Hybrid	₹ 13,92,427	₹ 12,19,601
Zeta Smart Hybrid	₹ 15,95,930	₹ 14,00,601
Alpha Smart Hybrid	₹ 17,64,580	₹ 15,50,601
Zeta Smart Hybrid AT	₹ 17,53,480	₹ 15,40,601
Alpha Smart Hybrid AT	₹ 19,22,128	₹ 16,90,601
Alpha Smart Hybrid AllGrip Dual Tone	₹ 19,51,217	₹ 17,16,601
Alpha Smart Hybrid Dual Tone	₹ 17,82,569	₹ 15,66,601
Delta Smart Hybrid AT	₹ 15,49,976	₹ 13,59,601
Alpha Smart Hybrid AT Dual Tone	₹ 19,40,117	₹ 17,06,601
Alpha Smart Hybrid AllGrip	₹ 19,33,228	₹ 17,00,601
Zeta Plus Intelligent Hybrid eCVT	₹ 20,81,526	₹ 18,32,549
Alpha Plus Intelligent Hybrid eCVT	₹ 23,11,028	₹ 19,92,549
Delta CNG	₹ 15,30,188	₹ 13,14,543
Zeta CNG	₹ 17,37,572	₹ 14,95,543

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 Grand Vitara Sigma Smart Hybrid will be ₹ 19,992 but you will have to pay interest of ₹ 5,80,785 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 ₹ 40,195, but your interest payment will be only ₹ 3,48,477 over the 3 years period.

₹ 22,274
Maruti Suzuki Grand Vitara price starts from ₹ 12,82,701 in Bilaspur.

We have considered
Down-payement : ₹ 1,84,158
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,28,000

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 Grand Vitara starts from ₹ 12.83 Lakh, you can get a loan with an annual income as low as ₹ 4.28 lakh.

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

• 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.