Maruti Suzuki Ritz Car Loan EMI Calculator

₹ 9,246.
Here is how - Maruti Suzuki Ritz price starts from ₹ 5,09,991 in Dhar. If you pay a down payment of ₹ 54,003 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,246.

The cheapest Ritz model is Lxi BS-IV which is priced at ₹ 5,09,991 in Dhar. You will need to pay at least a ₹ 54,003 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 Ritz.

Version	On-road price in Dhar	Max Loan
Vxi BS-IV	₹ 5,74,660	₹ 5,13,162
Lxi BS-IV	₹ 5,09,991	₹ 4,55,988
Zxi BS-IV	₹ 6,46,708	₹ 5,78,371
Vxi (ABS) BS-IV	₹ 6,04,801	₹ 5,40,442
Zdi BS-IV	₹ 7,72,194	₹ 6,91,948
Ldi BS-IV	₹ 6,46,264	₹ 5,77,969
Vdi BS-IV	₹ 7,01,751	₹ 6,28,191
Vdi ABS BS-IV	₹ 7,23,090	₹ 6,47,504
Vxi AT BS-IV	₹ 7,18,790	₹ 6,43,612

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 Ritz Lxi BS-IV will be ₹ 7,949 but you will have to pay interest of ₹ 2,11,728 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 ₹ 15,981, but your interest payment will be only ₹ 1,19,328 over the 3 years period.

₹ 9,246
Maruti Suzuki Ritz price starts from ₹ 5,09,991 in Dhar.

We have considered
Down-payement : ₹ 54,003
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,70,000

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 Ritz starts from ₹ 5.10 Lakh, you can get a loan with an annual income as low as ₹ 1.70 lakh.

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

• 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.