Maruti Suzuki Ritz [2009-2012] Car Loan EMI Calculator

₹ 9,286.
Here is how - Maruti Suzuki Ritz [2009-2012] price starts from ₹ 5,07,892 in Kolkata. If you pay a down payment of ₹ 49,941 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,286.

The cheapest Ritz [2009-2012] model is GENUS VXI which is priced at ₹ 5,07,892 in Kolkata. You will need to pay at least a ₹ 49,941 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 Ritz [2009-2012].

Version	On-road price in Kolkata	Max Loan
Vdi BS-IV	₹ 6,24,771	₹ 5,69,427
Ldi BS-IV	₹ 5,85,546	₹ 5,31,529
Vdi (ABS) BS-IV	₹ 6,44,053	₹ 5,88,057
GENUS VDI	₹ 5,93,576	₹ 5,39,288
GENUS VXI	₹ 5,07,892	₹ 4,57,951

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 Ritz [2009-2012] GENUS VXI will be ₹ 7,916 but you will have to pay interest of ₹ 2,06,993 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 ₹ 15,915, but your interest payment will be only ₹ 1,14,989 over the 3 years period.

₹ 9,286
Maruti Suzuki Ritz [2009-2012] price starts from ₹ 5,07,892 in Kolkata.

We have considered
Down-payement : ₹ 49,941
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Ritz [2009-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,70,000

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 Ritz [2009-2012] starts from ₹ 5.08 Lakh, you can get a loan with an annual income as low as ₹ 1.70 lakh.

Here are the most important things you should consider while getting a car loan for a new Ritz [2009-2012]

• 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.