Maruti Suzuki SX4 Car Loan EMI Calculator

₹ 15,046.
Here is how - Maruti Suzuki SX4 price starts from ₹ 8,44,047 in Pune. If you pay a down payment of ₹ 1,02,002 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,046.

The cheapest SX4 model is VXi which is priced at ₹ 8,44,047 in Pune. You will need to pay at least a ₹ 1,02,002 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 Pune	Max Loan
VXi	₹ 8,44,047	₹ 7,42,045
ZXi	₹ 9,34,825	₹ 8,22,914
VXi CNG	₹ 8,81,062	₹ 8,02,295
VDi	₹ 9,61,498	₹ 8,35,422
ZDi	₹ 10,63,881	₹ 9,25,122
ZXi (Opt)	₹ 9,99,831	₹ 8,80,824
ZDi (Opt)	₹ 11,39,256	₹ 9,82,551

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 ₹ 13,155 but you will have to pay interest of ₹ 3,62,975 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 ₹ 26,449, but your interest payment will be only ₹ 2,10,119 over the 3 years period.

₹ 15,046
Maruti Suzuki SX4 price starts from ₹ 8,44,047 in Pune.

We have considered
Down-payement : ₹ 1,02,002
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 ₹ 2,82,000

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 ₹ 8.44 Lakh, you can get a loan with an annual income as low as ₹ 2.82 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.