Maruti Suzuki Swift Car Loan EMI Calculator

₹ 13,164.
Here is how - Maruti Suzuki Swift price starts from ₹ 7,38,897 in Leh. If you pay a down payment of ₹ 89,690 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,164.

The cheapest Swift model is LXi which is priced at ₹ 7,38,897 in Leh. You will need to pay at least a ₹ 89,690 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 Swift.

Version	On-road price in Leh	Max Loan
LXi	₹ 7,38,897	₹ 6,49,207
VXi	₹ 8,27,912	₹ 7,29,707
ZXi	₹ 9,41,488	₹ 8,29,706
VXi (O)	₹ 8,57,766	₹ 7,56,706
ZXi Plus	₹ 10,18,893	₹ 8,99,707
ZXi Plus Dual Tone	₹ 10,35,477	₹ 9,14,705
VXi AMT	₹ 8,83,199	₹ 7,79,706
VXi (O) AMT	₹ 9,16,056	₹ 8,06,707
ZXi AMT	₹ 9,96,776	₹ 8,79,706
ZXi Plus AMT	₹ 10,74,180	₹ 9,49,706
ZXi Plus Dual Tone AMT	₹ 10,90,767	₹ 9,64,706

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 Swift LXi will be ₹ 11,517 but you will have to pay interest of ₹ 3,18,221 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 ₹ 23,154, but your interest payment will be only ₹ 1,84,337 over the 3 years period.

₹ 13,164
Maruti Suzuki Swift price starts from ₹ 7,38,897 in Leh.

We have considered
Down-payement : ₹ 89,690
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,47,000

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 Swift starts from ₹ 7.39 Lakh, you can get a loan with an annual income as low as ₹ 2.47 lakh.

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

• 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.