Maruti Suzuki Alto 800 Car Loan EMI Calculator

₹ 6,590.
Here is how - Maruti Suzuki Alto 800 price starts from ₹ 3,85,253 in Mumbai. If you pay a down payment of ₹ 60,253 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,590.

The cheapest Alto 800 model is STD which is priced at ₹ 3,85,253 in Mumbai. You will need to pay at least a ₹ 60,253 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 Alto 800.

Version	On-road price in Mumbai	Max Loan
STD	₹ 3,85,253	₹ 3,25,000
LXi	₹ 4,64,262	₹ 3,94,000
VXi	₹ 5,22,202	₹ 4,43,000
STD (O)	₹ 4,20,707	₹ 3,54,000
LXi (O)	₹ 4,99,284	₹ 4,23,000
LXi CNG [2019-2020]	₹ 4,71,360	₹ 4,15,570
LXi (O) CNG [2019-2020]	₹ 4,75,359	₹ 4,19,190
Vxi Plus	₹ 5,37,670	₹ 4,56,500
LXi CNG	₹ 5,53,482	₹ 4,89,000
LXi (O) CNG	₹ 5,83,894	₹ 5,13,000

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 Alto 800 STD will be ₹ 6,005 but you will have to pay interest of ₹ 1,79,420 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 ₹ 12,072, but your interest payment will be only ₹ 1,09,592 over the 3 years period.

₹ 6,590
Maruti Suzuki Alto 800 price starts from ₹ 3,85,253 in Mumbai.

We have considered
Down-payement : ₹ 60,253
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto 800 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,29,000

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 Alto 800 starts from ₹ 3.85 Lakh, you can get a loan with an annual income as low as ₹ 1.29 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto 800

• 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.