Maruti Suzuki Grand Vitara Car Loan EMI Calculator

₹ 21,686.
Here is how - Maruti Suzuki Grand Vitara price starts from ₹ 11,85,302 in Dangs. If you pay a down payment of ₹ 1,15,759 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,686.

The cheapest Grand Vitara model is Sigma Smart Hybrid which is priced at ₹ 11,85,302 in Dangs. You will need to pay at least a ₹ 1,15,759 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 Dangs	Max Loan
Zeta Plus Intelligent Hybrid eCVT Dual Tone	₹ 20,30,781	₹ 18,44,549
Alpha Plus Intelligent Hybrid eCVT Dual Tone	₹ 21,93,646	₹ 19,94,549
Sigma Smart Hybrid	₹ 11,85,302	₹ 10,69,543
Delta Smart Hybrid	₹ 13,37,310	₹ 12,09,543
Zeta Smart Hybrid	₹ 15,33,834	₹ 13,90,543
Alpha Smart Hybrid	₹ 17,00,700	₹ 15,40,543
Zeta Smart Hybrid AT	₹ 17,00,700	₹ 15,40,543
Alpha Smart Hybrid AT	₹ 18,63,566	₹ 16,90,543
Alpha Smart Hybrid AllGrip Dual Tone	₹ 18,80,938	₹ 17,06,543
Alpha Smart Hybrid Dual Tone	₹ 17,18,072	₹ 15,56,543
Delta Smart Hybrid AT	₹ 15,00,175	₹ 13,59,543
Alpha Smart Hybrid AT Dual Tone	₹ 18,80,938	₹ 17,06,543
Alpha Smart Hybrid AllGrip	₹ 18,63,566	₹ 16,90,543
Zeta Plus Intelligent Hybrid eCVT	₹ 20,13,408	₹ 18,28,549
Alpha Plus Intelligent Hybrid eCVT	₹ 21,76,274	₹ 19,78,549
Delta CNG	₹ 14,40,458	₹ 13,04,543
Zeta CNG	₹ 16,36,983	₹ 14,85,543

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 ₹ 18,474 but you will have to pay interest of ₹ 4,82,273 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 ₹ 37,143, but your interest payment will be only ₹ 2,67,605 over the 3 years period.

₹ 21,686
Maruti Suzuki Grand Vitara price starts from ₹ 11,85,302 in Dangs.

We have considered
Down-payement : ₹ 1,15,759
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 ₹ 3,96,000

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 ₹ 11.85 Lakh, you can get a loan with an annual income as low as ₹ 3.96 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.