Maruti Suzuki Alto K10 [2014-2020] Car Loan EMI Calculator

₹ 6,988.
Here is how - Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 3,87,147 in Kharar. If you pay a down payment of ₹ 42,508 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,988.

The cheapest Alto K10 [2014-2020] model is LX [2014-2019] which is priced at ₹ 3,87,147 in Kharar. You will need to pay at least a ₹ 42,508 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 K10 [2014-2020].

Version	On-road price in Kharar	Max Loan
LX [2014-2019]	₹ 3,87,147	₹ 3,44,639
LXi [2014-2019]	₹ 4,04,845	₹ 3,60,915
VXi [2014-2019]	₹ 4,23,179	₹ 3,77,776
VXi (O) [2014-2019]	₹ 4,45,099	₹ 3,97,935
LXi (Airbag) [2016-2019]	₹ 4,11,398	₹ 3,66,941
VXi AMT (Airbag) [2014-2019]	₹ 4,81,155	₹ 4,31,094
LXi CNG (Airbag) [2014-2019]	₹ 4,80,823	₹ 4,30,788
LX (Airbag) [2016-2019]	₹ 3,93,700	₹ 3,50,666
LX	₹ 4,15,639	₹ 3,70,842
LXi	₹ 4,33,847	₹ 3,87,587
VXi	₹ 4,51,732	₹ 4,04,035
VXi (O)	₹ 4,66,088	₹ 4,17,237
VXi AMT	₹ 5,00,145	₹ 4,48,558
LXi CNG	₹ 5,01,470	₹ 4,49,776

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 K10 [2014-2020] LX [2014-2019] will be ₹ 6,034 but you will have to pay interest of ₹ 1,62,217 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 ₹ 12,132, but your interest payment will be only ₹ 92,113 over the 3 years period.

₹ 6,988
Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 3,87,147 in Kharar.

We have considered
Down-payement : ₹ 42,508
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto K10 [2014-2020] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,30,000

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 K10 [2014-2020] starts from ₹ 3.87 Lakh, you can get a loan with an annual income as low as ₹ 1.30 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto K10 [2014-2020]

• 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.