Maruti Suzuki Wagon R [1999-2006] Car Loan EMI Calculator

₹ 6,083.
Here is how - Maruti Suzuki Wagon R [1999-2006] price starts from ₹ 3,00,000 in Mumbai. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,083.

Here is a model wise list of max loan amount for Wagon R [1999-2006].

Version	On-road price in Mumbai	Max Loan
AX BS-III	₹ 5,19,659	₹ 4,67,052
LX BS-III	₹ 3,72,620	₹ 3,33,986
VXi BS-III	₹ 4,32,696	₹ 3,88,354
LXi BS-III	₹ 4,05,506	₹ 3,63,748
AX BS-II	₹ 3,78,224	₹ 3,78,224

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 Wagon R [1999-2006] VX will be ₹ 4,676 but you will have to pay interest of ₹ 92,784 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 ₹ 9,401, but your interest payment will be only ₹ 38,436 over the 3 years period.

₹ 6,083
Maruti Suzuki Wagon R [1999-2006] price starts from ₹ 3,00,000 in Mumbai.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Wagon R [1999-2006] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,00,000

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 Wagon R [1999-2006] starts from ₹ 3.00 Lakh, you can get a loan with an annual income as low as ₹ 1 lakh.

Here are the most important things you should consider while getting a car loan for a new Wagon R [1999-2006]

• 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.