Maruti Suzuki Celerio Car Loan EMI Calculator

₹ 9,528.
Here is how - Maruti Suzuki Celerio price starts from ₹ 5,57,781 in Mumbai. If you pay a down payment of ₹ 87,881 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,528.

The cheapest Celerio model is LXi Petrol Manual which is priced at ₹ 5,57,781 in Mumbai. You will need to pay at least a ₹ 87,881 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 Celerio.

Version	On-road price in Mumbai	Max Loan
LXi Petrol Manual	₹ 5,57,781	₹ 4,69,900
VXi Petrol Manual	₹ 6,10,603	₹ 5,15,900
ZXi Petrol Manual	₹ 6,73,759	₹ 5,70,900
VXi Petrol Automatic	₹ 6,62,277	₹ 5,60,900
ZXi Petrol Automatic	₹ 7,25,433	₹ 6,15,900
ZXi Plus Petrol Manual	₹ 7,39,213	₹ 6,27,900
VXi CNG Manual	₹ 6,86,687	₹ 5,97,900
ZXi Plus Petrol Automatic	₹ 7,90,887	₹ 6,72,900

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 Celerio LXi Petrol Manual will be ₹ 8,694 but you will have to pay interest of ₹ 2,60,396 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 ₹ 17,479, but your interest payment will be only ₹ 1,59,344 over the 3 years period.

₹ 9,528
Maruti Suzuki Celerio price starts from ₹ 5,57,781 in Mumbai.

We have considered
Down-payement : ₹ 87,881
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,86,000

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 Celerio starts from ₹ 5.58 Lakh, you can get a loan with an annual income as low as ₹ 1.86 lakh.

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

• 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.