Maruti Suzuki Celerio Car Loan EMI Calculator

₹ 10,878.
Here is how - Maruti Suzuki Celerio price starts from ₹ 6,32,499 in Mumbai. If you pay a down payment of ₹ 95,999 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,878.

The cheapest Celerio model is LXi which is priced at ₹ 6,32,499 in Mumbai. You will need to pay at least a ₹ 95,999 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	₹ 6,32,499	₹ 5,36,500
VXi	₹ 6,86,470	₹ 5,83,500
ZXi	₹ 7,18,622	₹ 6,11,500
VXi AMT	₹ 7,31,593	₹ 6,28,500
ZXi Plus	₹ 7,73,742	₹ 6,59,500
ZXi AMT	₹ 7,63,466	₹ 6,56,499
VXi CNG	₹ 7,63,448	₹ 6,73,500
ZXi Plus AMT	₹ 8,18,109	₹ 7,04,500

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 will be ₹ 9,858 but you will have to pay interest of ₹ 2,91,572 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 ₹ 19,820, but your interest payment will be only ₹ 1,77,020 over the 3 years period.

₹ 10,878
Maruti Suzuki Celerio price starts from ₹ 6,32,499 in Mumbai.

We have considered
Down-payement : ₹ 95,999
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 ₹ 2,11,000

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 ₹ 6.32 Lakh, you can get a loan with an annual income as low as ₹ 2.11 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.