Maruti Suzuki Alto K10 [2014-2020] Car Loan EMI Calculator

₹ 7,149.
Here is how - Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 4,16,408 in Mumbai. If you pay a down payment of ₹ 63,842 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,149.

The cheapest Alto K10 [2014-2020] model is LX [2014-2019] which is priced at ₹ 4,16,408 in Mumbai. You will need to pay at least a ₹ 63,842 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 K10 [2014-2020].

Version	On-road price in Mumbai	Max Loan
LX [2014-2019]	₹ 4,16,408	₹ 3,52,566
LXi [2014-2019]	₹ 4,35,392	₹ 3,69,152
VXi [2014-2019]	₹ 4,54,471	₹ 3,85,822
VXi (O) [2014-2019]	₹ 4,76,964	₹ 4,05,475
VXi AMT [2014-2018]	₹ 4,75,471	₹ 4,16,012
LXi CNG [2014-2018]	₹ 4,58,739	₹ 4,15,565
LXi (Airbag) [2016-2019]	₹ 4,41,960	₹ 3,75,146
VXi AMT (Airbag) [2014-2019]	₹ 5,14,176	₹ 4,37,861
LXi CNG (Airbag) [2014-2019]	₹ 4,96,422	₹ 4,37,414
LX (Airbag) [2016-2019]	₹ 4,22,970	₹ 3,58,561
LX	₹ 4,37,227	₹ 3,70,843
LXi	₹ 4,55,920	₹ 3,87,588
VXi	₹ 4,74,746	₹ 4,04,036
VXi (O)	₹ 4,89,855	₹ 4,17,238
VXi AMT	₹ 5,25,703	₹ 4,48,559
LXi CNG	₹ 5,09,511	₹ 4,49,777

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 K10 [2014-2020] LX [2014-2019] will be ₹ 6,490 but you will have to pay interest of ₹ 1,92,594 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 ₹ 13,049, but your interest payment will be only ₹ 1,17,198 over the 3 years period.

₹ 7,149
Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 4,16,408 in Mumbai.

We have considered
Down-payement : ₹ 63,842
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto K10 [2014-2020] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,39,000

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 K10 [2014-2020] starts from ₹ 4.16 Lakh, you can get a loan with an annual income as low as ₹ 1.39 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto K10 [2014-2020]

• 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.