Maruti Suzuki Omni Car Loan EMI Calculator

₹ 4,330.
Here is how - Maruti Suzuki Omni price starts from ₹ 2,38,773 in Mumbai. If you pay a down payment of ₹ 25,201 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,330.

The cheapest Omni model is Cargo BS-III which is priced at ₹ 2,38,773 in Mumbai. You will need to pay at least a ₹ 25,201 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 Omni.

Version	On-road price in Mumbai	Max Loan
Cargo BS-III	₹ 2,38,773	₹ 2,13,572
Cargo LPG BS-III	₹ 2,52,376	₹ 2,25,958
5 STR BS-III	₹ 2,59,586	₹ 2,32,523
8 STR BS-III	₹ 2,61,496	₹ 2,34,263
LPG BS-IV	₹ 2,91,814	₹ 2,61,869
Cargo BS-IV	₹ 2,72,110	₹ 2,39,564
5 STR BS-IV	₹ 3,59,253	₹ 2,99,771
E 8 STR BS-IV	₹ 3,61,194	₹ 3,01,457

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 Omni Cargo BS-III will be ₹ 3,722 but you will have to pay interest of ₹ 99,076 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 ₹ 7,482, but your interest payment will be only ₹ 55,780 over the 3 years period.

₹ 4,330
Maruti Suzuki Omni price starts from ₹ 2,38,773 in Mumbai.

We have considered
Down-payement : ₹ 25,201
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 80,000

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 Omni starts from ₹ 2.39 Lakh, you can get a loan with an annual income as low as ₹ 80000.

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

• 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.