Maruti Suzuki SX4 Car Loan EMI Calculator

₹ 14,733.
Here is how - Maruti Suzuki SX4 price starts from ₹ 8,27,673 in Dombivali. If you pay a down payment of ₹ 1,01,054 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,733.

The cheapest SX4 model is VXi which is priced at ₹ 8,27,673 in Dombivali. You will need to pay at least a ₹ 1,01,054 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 SX4.

Version	On-road price in Dombivali	Max Loan
VXi	₹ 8,27,673	₹ 7,26,619
ZXi	₹ 9,19,783	₹ 8,05,780
VXi CNG	₹ 8,62,638	₹ 7,85,596
VDi	₹ 9,45,589	₹ 8,18,121
ZDi	₹ 10,46,045	₹ 9,05,927
ZXi (Opt)	₹ 9,83,593	₹ 8,62,466
ZDi (Opt)	₹ 11,10,359	₹ 9,62,142

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 SX4 VXi will be ₹ 12,900 but you will have to pay interest of ₹ 3,56,981 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 ₹ 25,936, but your interest payment will be only ₹ 2,07,077 over the 3 years period.

₹ 14,733
Maruti Suzuki SX4 price starts from ₹ 8,27,673 in Dombivali.

We have considered
Down-payement : ₹ 1,01,054
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy SX4 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,76,000

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 SX4 starts from ₹ 8.28 Lakh, you can get a loan with an annual income as low as ₹ 2.76 lakh.

Here are the most important things you should consider while getting a car loan for a new SX4

• 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.