Maruti Suzuki Ignis Car Loan EMI Calculator

₹ 10,850.
Here is how - Maruti Suzuki Ignis price starts from ₹ 6,28,777 in Mumbai. If you pay a down payment of ₹ 93,677 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,850.

The cheapest Ignis model is Sigma Petrol Manual which is priced at ₹ 6,28,777 in Mumbai. You will need to pay at least a ₹ 93,677 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 Ignis.

Version	On-road price in Mumbai	Max Loan
Sigma 1.2 MT [2023]	₹ 6,90,640	₹ 5,84,000
Delta 1.2 MT [2023]	₹ 7,52,686	₹ 6,38,000
Delta 1.2 AMT [2023]	₹ 8,15,881	₹ 6,93,000
Zeta 1.2 MT [2023]	₹ 8,19,329	₹ 6,96,000
Zeta 1.2 MT Dual Tone [2023]	₹ 8,35,415	₹ 7,10,000
Zeta 1.2 AMT [2023]	₹ 8,82,524	₹ 7,51,000
Alpha 1.2 MT [2023]	₹ 8,94,014	₹ 7,61,000
Zeta 1.2 AMT Dual Tone [2023]	₹ 8,98,610	₹ 7,65,000
Alpha 1.2 MT Dual Tone [2023]	₹ 9,10,100	₹ 7,75,000
Alpha 1.2 AMT [2023]	₹ 9,60,269	₹ 8,16,000
Alpha 1.2 AMT Dual Tone [2023]	₹ 9,76,355	₹ 8,30,000
Sigma Petrol Manual	₹ 6,28,777	₹ 5,35,100
Delta Petrol Manual	₹ 6,85,011	₹ 5,84,500
Delta Petrol Automatic	₹ 7,36,235	₹ 6,29,500
Zeta Petrol Manual	₹ 7,45,342	₹ 6,37,500
Zeta Petrol Manual Dual Tone	₹ 7,59,797	₹ 6,50,200
Zeta Petrol Automatic	₹ 7,96,567	₹ 6,82,500
Alpha Petrol Manual	₹ 8,13,071	₹ 6,97,000
Zeta Petrol Automatic Dual Tone	₹ 8,11,022	₹ 6,95,200
Alpha Petrol Manual Dual Tone	₹ 8,27,528	₹ 7,09,700
Alpha Petrol Automatic	₹ 8,64,296	₹ 7,42,000
Alpha Petrol Automatic Dual Tone	₹ 8,78,753	₹ 7,54,700

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 Ignis Sigma Petrol Manual will be ₹ 9,800 but you will have to pay interest of ₹ 2,88,100 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 ₹ 19,704, but your interest payment will be only ₹ 1,74,244 over the 3 years period.

₹ 10,850
Maruti Suzuki Ignis price starts from ₹ 6,28,777 in Mumbai.

We have considered
Down-payement : ₹ 93,677
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,10,000

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 Ignis starts from ₹ 6.29 Lakh, you can get a loan with an annual income as low as ₹ 2.10 lakh.

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

• 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.