Maruti Suzuki Ertiga Car Loan EMI Calculator

₹ 18,178.
Here is how - Maruti Suzuki Ertiga price starts from ₹ 10,54,265 in Mumbai. If you pay a down payment of ₹ 1,57,764 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,178.

The cheapest Ertiga model is LXi (O) which is priced at ₹ 10,54,265 in Mumbai. You will need to pay at least a ₹ 1,57,764 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 (O)	₹ 10,54,265	₹ 8,96,501
VXi (O)	₹ 11,99,816	₹ 10,05,500
ZXi (O)	₹ 13,28,428	₹ 11,15,500
VXi AT	₹ 13,63,504	₹ 11,45,500
ZXi Plus	₹ 14,10,272	₹ 11,85,500
ZXi AT	₹ 14,92,117	₹ 12,55,500
ZXi Plus AT	₹ 15,73,962	₹ 13,25,501
VXi (O) CNG	₹ 12,65,989	₹ 11,00,500
ZXi (O) CNG	₹ 13,90,113	₹ 12,10,500

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 Ertiga LXi (O) will be ₹ 16,432 but you will have to pay interest of ₹ 4,83,787 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 ₹ 33,037, but your interest payment will be only ₹ 2,92,831 over the 3 years period.

₹ 18,178
Maruti Suzuki Ertiga price starts from ₹ 10,54,265 in Mumbai.

We have considered
Down-payement : ₹ 1,57,764
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 ₹ 3,52,000

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 ₹ 10.54 Lakh, you can get a loan with an annual income as low as ₹ 3.52 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.