Maruti Suzuki Baleno Car Loan EMI Calculator

₹ 12,144.
Here is how - Maruti Suzuki Baleno price starts from ₹ 7,02,855 in Mumbai. If you pay a down payment of ₹ 1,03,955 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,144.

The cheapest Baleno model is Sigma Petrol Manual which is priced at ₹ 7,02,855 in Mumbai. You will need to pay at least a ₹ 1,03,955 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 Baleno.

Version	On-road price in Mumbai	Max Loan
Zeta Petrol Manual	₹ 8,97,510	₹ 7,69,900
Zeta Petrol Automatic (AMT)	₹ 9,54,426	₹ 8,19,900
Zeta CNG Manual	₹ 9,99,959	₹ 8,59,900
Alpha Petrol Manual	₹ 9,73,120	₹ 8,59,900
Alpha Petrol Automatic (AMT)	₹ 10,56,875	₹ 9,09,900
Sigma Petrol Manual	₹ 7,02,855	₹ 5,98,900
Delta Petrol Manual	₹ 7,95,060	₹ 6,79,900
Delta Petrol Automatic (AMT)	₹ 8,51,976	₹ 7,29,900
Delta CNG Manual	₹ 8,73,480	₹ 7,69,900

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 Baleno Sigma Petrol Manual will be ₹ 10,955 but you will have to pay interest of ₹ 3,21,320 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 ₹ 22,025, but your interest payment will be only ₹ 1,94,000 over the 3 years period.

₹ 12,144
Maruti Suzuki Baleno price starts from ₹ 7,02,855 in Mumbai.

We have considered
Down-payement : ₹ 1,03,955
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,35,000

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 Baleno starts from ₹ 7.03 Lakh, you can get a loan with an annual income as low as ₹ 2.35 lakh.

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

• 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.