Maruti Suzuki S-Cross 2020 Car Loan EMI Calculator

₹ 18,147.
Here is how - Maruti Suzuki S-Cross 2020 price starts from ₹ 10,40,537 in Mumbai. If you pay a down payment of ₹ 1,45,537 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,147.

The cheapest S-Cross 2020 model is Sigma which is priced at ₹ 10,40,537 in Mumbai. You will need to pay at least a ₹ 1,45,537 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 S-Cross 2020.

Version	On-road price in Mumbai	Max Loan
Sigma	₹ 10,40,537	₹ 8,95,000
Delta	₹ 11,85,740	₹ 10,05,000
Zeta	₹ 11,96,140	₹ 10,14,000
Alpha	₹ 13,78,731	₹ 11,72,000
Delta AT	₹ 13,24,416	₹ 11,25,000
Zeta AT	₹ 13,34,817	₹ 11,34,000
Alpha AT	₹ 15,17,408	₹ 12,92,000

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 S-Cross 2020 Sigma will be ₹ 16,218 but you will have to pay interest of ₹ 4,67,312 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 ₹ 32,607, but your interest payment will be only ₹ 2,78,852 over the 3 years period.

₹ 18,147
Maruti Suzuki S-Cross 2020 price starts from ₹ 10,40,537 in Mumbai.

We have considered
Down-payement : ₹ 1,45,537
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S-Cross 2020 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,47,000

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 S-Cross 2020 starts from ₹ 10.41 Lakh, you can get a loan with an annual income as low as ₹ 3.47 lakh.

Here are the most important things you should consider while getting a car loan for a new S-Cross 2020

• 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.