Maruti Suzuki Alto 800 Car Loan EMI Calculator

₹ 6,593.
Here is how - Maruti Suzuki Alto 800 price starts from ₹ 3,75,240 in Sultanpur. If you pay a down payment of ₹ 50,098 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,593.

The cheapest Alto 800 model is STD which is priced at ₹ 3,75,240 in Sultanpur. You will need to pay at least a ₹ 50,098 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 Alto 800.

Version	On-road price in Sultanpur	Max Loan
STD	₹ 3,75,240	₹ 3,25,142
LXi	₹ 4,52,111	₹ 3,94,142
VXi	₹ 5,08,200	₹ 4,43,142
STD (O)	₹ 4,09,048	₹ 3,54,142
LXi (O)	₹ 4,85,919	₹ 4,23,142
LXi CNG [2019-2020]	₹ 4,75,528	₹ 4,15,711
LXi (O) CNG [2019-2020]	₹ 4,79,560	₹ 4,19,331
Vxi Plus	₹ 5,23,240	₹ 4,56,642
LXi CNG	₹ 5,57,947	₹ 4,89,142
LXi (O) CNG	₹ 5,87,685	₹ 5,13,142

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 Alto 800 STD will be ₹ 5,849 but you will have to pay interest of ₹ 1,66,174 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 ₹ 11,759, but your interest payment will be only ₹ 98,182 over the 3 years period.

₹ 6,593
Maruti Suzuki Alto 800 price starts from ₹ 3,75,240 in Sultanpur.

We have considered
Down-payement : ₹ 50,098
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto 800 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,26,000

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 Alto 800 starts from ₹ 3.75 Lakh, you can get a loan with an annual income as low as ₹ 1.26 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto 800

• 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.