Maruti Suzuki Ignis Car Loan EMI Calculator

₹ 11,841.
Here is how - Maruti Suzuki Ignis price starts from ₹ 6,81,795 in Mumbai. If you pay a down payment of ₹ 97,795 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,841.

The cheapest Ignis model is Sigma 1.2 MT which is priced at ₹ 6,81,795 in Mumbai. You will need to pay at least a ₹ 97,795 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	₹ 6,81,795	₹ 5,84,000
Delta 1.2 MT	₹ 7,43,111	₹ 6,38,000
Delta 1.2 AMT	₹ 8,05,562	₹ 6,93,000
Zeta 1.2 MT	₹ 8,08,968	₹ 6,96,000
Zeta 1.2 MT Dual Tone	₹ 8,24,864	₹ 7,10,000
Zeta 1.2 AMT	₹ 8,71,419	₹ 7,51,000
Alpha 1.2 MT	₹ 8,82,774	₹ 7,61,000
Zeta 1.2 AMT Dual Tone	₹ 8,87,317	₹ 7,65,000
Alpha 1.2 MT Dual Tone	₹ 8,98,671	₹ 7,75,000
Alpha 1.2 AMT	₹ 9,45,225	₹ 8,16,000
Alpha 1.2 AMT Dual Tone	₹ 9,61,123	₹ 8,30,000

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 Ignis Sigma 1.2 MT will be ₹ 10,627 but you will have to pay interest of ₹ 3,08,668 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 ₹ 21,365, but your interest payment will be only ₹ 1,85,140 over the 3 years period.

₹ 11,841
Maruti Suzuki Ignis price starts from ₹ 6,81,795 in Mumbai.

We have considered
Down-payement : ₹ 97,795
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 ₹ 2,28,000

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 ₹ 6.82 Lakh, you can get a loan with an annual income as low as ₹ 2.28 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.