Maruti Suzuki Swift Car Loan EMI Calculator

₹ 13,159.
Here is how - Maruti Suzuki Swift price starts from ₹ 7,60,451 in Mumbai. If you pay a down payment of ₹ 1,11,450 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,159.

The cheapest Swift model is LXi which is priced at ₹ 7,60,451 in Mumbai. You will need to pay at least a ₹ 1,11,450 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 Swift.

Version	On-road price in Mumbai	Max Loan
LXi	₹ 7,60,451	₹ 6,49,001
VXi	₹ 8,52,005	₹ 7,29,501
ZXi	₹ 9,65,860	₹ 8,29,500
VXi (O)	₹ 8,82,745	₹ 7,56,500
ZXi Plus	₹ 10,45,561	₹ 8,99,501
ZXi Plus Dual Tone	₹ 10,62,637	₹ 9,14,499
VXi AMT	₹ 9,08,933	₹ 7,79,501
VXi (O) AMT	₹ 9,39,673	₹ 8,06,500
ZXi AMT	₹ 10,22,789	₹ 8,79,500
ZXi Plus AMT	₹ 11,02,489	₹ 9,49,501
ZXi Plus Dual Tone AMT	₹ 11,19,565	₹ 9,64,499
VXi CNG	₹ 9,22,605	₹ 8,19,500
ZXi CNG	₹ 10,67,637	₹ 9,19,499
VXi (O) CNG	₹ 9,52,313	₹ 8,46,500

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 Swift LXi will be ₹ 11,853 but you will have to pay interest of ₹ 3,46,651 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 ₹ 23,830, but your interest payment will be only ₹ 2,08,879 over the 3 years period.

₹ 13,159
Maruti Suzuki Swift price starts from ₹ 7,60,451 in Mumbai.

We have considered
Down-payement : ₹ 1,11,450
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,54,000

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 Swift starts from ₹ 7.60 Lakh, you can get a loan with an annual income as low as ₹ 2.54 lakh.

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

• 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.