Maruti Suzuki Ertiga Car Loan EMI Calculator

₹ 17,843.
Here is how - Maruti Suzuki Ertiga price starts from ₹ 10,30,099 in Mumbai. If you pay a down payment of ₹ 1,50,099 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,843.

The cheapest Ertiga model is Lxi Petrol Manual which is priced at ₹ 10,30,099 in Mumbai. You will need to pay at least a ₹ 1,50,099 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 Ertiga.

Version	On-road price in Mumbai	Max Loan
Lxi Petrol Manual	₹ 10,30,099	₹ 8,80,000
VXi Petrol Manual	₹ 11,51,321	₹ 9,85,300
VXi CNG Manual	₹ 12,44,456	₹ 10,76,300
ZXi Petrol Manual	₹ 12,95,845	₹ 10,91,500
VXi Petrol Automatic	₹ 13,29,587	₹ 11,20,300
ZXi Plus Petrol Manual	₹ 13,75,045	₹ 11,59,100
ZXi CNG Manual	₹ 13,65,567	₹ 11,82,500
ZXi Petrol Automatic	₹ 14,54,011	₹ 12,26,500
ZXi Plus Petrol Automatic	₹ 15,33,211	₹ 12,94,100

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 Ertiga Lxi Petrol Manual will be ₹ 16,055 but you will have to pay interest of ₹ 4,68,620 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 ₹ 32,280, but your interest payment will be only ₹ 2,82,080 over the 3 years period.

₹ 17,843
Maruti Suzuki Ertiga price starts from ₹ 10,30,099 in Mumbai.

We have considered
Down-payement : ₹ 1,50,099
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,44,000

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 Ertiga starts from ₹ 10.30 Lakh, you can get a loan with an annual income as low as ₹ 3.44 lakh.

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

• 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.