Maruti Suzuki S-Presso Car Loan EMI Calculator

₹ 7,095.
Here is how - Maruti Suzuki S-Presso price starts from ₹ 4,14,504 in Mumbai. If you pay a down payment of ₹ 64,604 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,095.

The cheapest S-Presso model is STD (O) Petrol Manual 5 STR which is priced at ₹ 4,14,504 in Mumbai. You will need to pay at least a ₹ 64,604 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-Presso.

Version	On-road price in Mumbai	Max Loan
STD (O) Petrol Manual 5 STR	₹ 4,14,504	₹ 3,49,900
LXi (O) Petrol Manual 5 STR	₹ 4,48,615	₹ 3,79,900
VXi (O) Petrol Manual 5 STR	₹ 5,06,088	₹ 4,29,900
VXi Plus (O) Petrol Manual 5 STR	₹ 5,63,561	₹ 4,79,900
VXi (O) Petrol Automatic 5 STR	₹ 5,57,813	₹ 4,74,900
LXi (O) CNG Manual 4 STR	₹ 5,28,460	₹ 4,61,900
VXi Plus (O) Petrol Automatic 5 STR	₹ 6,15,316	₹ 5,24,900
VXi (O) CNG Manual 4 STR	₹ 5,84,402	₹ 5,11,900

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-Presso STD (O) Petrol Manual 5 STR will be ₹ 6,461 but you will have to pay interest of ₹ 1,92,824 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 ₹ 12,989, but your interest payment will be only ₹ 1,17,704 over the 3 years period.

₹ 7,095
Maruti Suzuki S-Presso price starts from ₹ 4,14,504 in Mumbai.

We have considered
Down-payement : ₹ 64,604
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,39,000

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-Presso starts from ₹ 4.15 Lakh, you can get a loan with an annual income as low as ₹ 1.39 lakh.

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

• 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.