Maruti Suzuki Omni Car Loan EMI Calculator

₹ 4,355.
Here is how - Maruti Suzuki Omni price starts from ₹ 2,32,032 in Bangalore. If you pay a down payment of ₹ 17,250 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,355.

The cheapest Omni model is Cargo BS-III which is priced at ₹ 2,32,032 in Bangalore. You will need to pay at least a ₹ 17,250 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 Omni.

Version	On-road price in Bangalore	Max Loan
Cargo BS-III	₹ 2,32,032	₹ 2,14,782
Cargo LPG BS-III	₹ 2,69,299	₹ 2,26,503
5 STR BS-III	₹ 2,77,848	₹ 2,32,961
8 STR BS-III	₹ 2,79,806	₹ 2,34,632
LPG BS-III	₹ 3,21,712	₹ 2,71,012
LPG BS-IV	₹ 3,09,977	₹ 2,61,280
Cargo BS-IV	₹ 2,86,742	₹ 2,41,416
5 STR BS-IV	₹ 3,80,289	₹ 3,12,971
E 8 STR BS-IV	₹ 3,82,284	₹ 3,14,657

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 Omni Cargo BS-III will be ₹ 3,617 but you will have to pay interest of ₹ 89,046 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 ₹ 7,271, but your interest payment will be only ₹ 46,974 over the 3 years period.

₹ 4,355
Maruti Suzuki Omni price starts from ₹ 2,32,032 in Bangalore.

We have considered
Down-payement : ₹ 17,250
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 78,000

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 Omni starts from ₹ 2.32 Lakh, you can get a loan with an annual income as low as ₹ 78000.

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

• 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.