Maruti Suzuki XL6 Car Loan EMI Calculator

₹ 23,541.
Here is how - Maruti Suzuki XL6 price starts from ₹ 13,63,163 in Mumbai. If you pay a down payment of ₹ 2,02,163 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 23,541.

The cheapest XL6 model is Zeta MT Petrol which is priced at ₹ 13,63,163 in Mumbai. You will need to pay at least a ₹ 2,02,163 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 XL6.

Version	On-road price in Mumbai	Max Loan
Zeta MT Petrol	₹ 13,63,163	₹ 11,61,000
Alpha MT Petrol	₹ 14,78,967	₹ 12,61,000
Zeta AT Petrol	₹ 15,25,289	₹ 13,01,000
Alpha Plus MT Petrol	₹ 15,48,450	₹ 13,21,000
Alpha Plus MT Petrol Dual Tone	₹ 15,66,979	₹ 13,37,000
Alpha AT Petrol	₹ 16,41,093	₹ 14,01,000
Alpha Plus AT Petrol	₹ 17,10,576	₹ 14,61,000
Alpha Plus AT Petrol Dual Tone	₹ 17,29,105	₹ 14,77,000
Zeta MT CNG	₹ 14,20,908	₹ 12,56,000

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 XL6 Zeta MT Petrol will be ₹ 21,247 but you will have to pay interest of ₹ 6,23,748 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 ₹ 42,717, but your interest payment will be only ₹ 3,76,812 over the 3 years period.

₹ 23,541
Maruti Suzuki XL6 price starts from ₹ 13,63,163 in Mumbai.

We have considered
Down-payement : ₹ 2,02,163
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XL6 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,55,000

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 XL6 starts from ₹ 13.63 Lakh, you can get a loan with an annual income as low as ₹ 4.55 lakh.

Here are the most important things you should consider while getting a car loan for a new XL6

• 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.