Maruti Suzuki SX4 Car Loan EMI Calculator

₹ 15,245.
Here is how - Maruti Suzuki SX4 price starts from ₹ 9,01,648 in Bangalore. If you pay a down payment of ₹ 1,49,811 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,245.

The cheapest SX4 model is VXi which is priced at ₹ 9,01,648 in Bangalore. You will need to pay at least a ₹ 1,49,811 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 SX4.

Version	On-road price in Bangalore	Max Loan
VXi	₹ 9,01,648	₹ 7,51,837
ZXi	₹ 10,00,884	₹ 8,35,905
VXi CNG	₹ 9,65,756	₹ 8,11,864
VDi	₹ 10,08,605	₹ 8,44,880
ZDi	₹ 11,17,983	₹ 9,37,630
ZXi (Opt)	₹ 10,68,986	₹ 8,93,599
ZDi (Opt)	₹ 11,85,456	₹ 9,94,846

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 SX4 VXi will be ₹ 14,053 but you will have to pay interest of ₹ 4,28,615 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 ₹ 28,254, but your interest payment will be only ₹ 2,65,307 over the 3 years period.

₹ 15,245
Maruti Suzuki SX4 price starts from ₹ 9,01,648 in Bangalore.

We have considered
Down-payement : ₹ 1,49,811
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy SX4 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,01,000

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 SX4 starts from ₹ 9.02 Lakh, you can get a loan with an annual income as low as ₹ 3.01 lakh.

Here are the most important things you should consider while getting a car loan for a new SX4

• 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.