Maruti Suzuki Grand Vitara Car Loan EMI Calculator

₹ 21,696.
Here is how - Maruti Suzuki Grand Vitara price starts from ₹ 12,56,717 in Mumbai. If you pay a down payment of ₹ 1,86,717 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,696.

The cheapest Grand Vitara model is Sigma Smart Hybrid which is priced at ₹ 12,56,717 in Mumbai. You will need to pay at least a ₹ 1,86,717 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 Grand Vitara.

Version	On-road price in Mumbai	Max Loan
Zeta Plus Dual Tone Intelligent Hybrid eCVT	₹ 21,58,238	₹ 18,49,000
Alpha Plus Dual Tone Intelligent Hybrid eCVT	₹ 23,31,828	₹ 19,99,000
Sigma Smart Hybrid	₹ 12,56,717	₹ 10,70,000
Delta Smart Hybrid	₹ 14,18,734	₹ 12,10,000
Zeta Smart Hybrid	₹ 16,28,199	₹ 13,91,000
Alpha Smart Hybrid	₹ 18,01,789	₹ 15,41,000
Zeta Smart Hybrid AT	₹ 18,01,789	₹ 15,41,000
Alpha Smart Hybrid AT	₹ 19,75,380	₹ 16,91,000
Alpha Dual Tone Smart Hybrid AllGrip	₹ 19,93,897	₹ 17,07,000
Alpha Dual Tone Smart Hybrid	₹ 18,20,307	₹ 15,57,000
Delta Smart Hybrid AT	₹ 15,92,324	₹ 13,60,000
Alpha Dual Tone Smart Hybrid AT	₹ 19,93,897	₹ 17,07,000
Alpha Smart Hybrid AllGrip	₹ 19,75,380	₹ 16,91,000
Zeta Plus Intelligent Hybrid eCVT	₹ 21,39,720	₹ 18,33,000
Alpha Plus Intelligent Hybrid eCVT	₹ 23,13,311	₹ 19,83,000
Delta CNG	₹ 14,74,366	₹ 13,05,000
Zeta CNG	₹ 16,76,299	₹ 14,86,000

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 Grand Vitara Sigma Smart Hybrid will be ₹ 19,587 but you will have to pay interest of ₹ 5,75,308 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 ₹ 39,381, but your interest payment will be only ₹ 3,47,716 over the 3 years period.

₹ 21,696
Maruti Suzuki Grand Vitara price starts from ₹ 12,56,717 in Mumbai.

We have considered
Down-payement : ₹ 1,86,717
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,19,000

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 Grand Vitara starts from ₹ 12.57 Lakh, you can get a loan with an annual income as low as ₹ 4.19 lakh.

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

• 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.