Maruti Suzuki Swift Car Loan EMI Calculator

₹ 11,738.
Here is how - Maruti Suzuki Swift price starts from ₹ 6,83,412 in Mumbai. If you pay a down payment of ₹ 1,04,512 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,738.

The cheapest Swift model is LXi Petrol Manual which is priced at ₹ 6,83,412 in Mumbai. You will need to pay at least a ₹ 1,04,512 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 Petrol Manual	₹ 6,83,412	₹ 5,78,900
VXi Petrol Manual	₹ 7,75,508	₹ 6,58,900
ZXi Petrol Manual	₹ 8,83,721	₹ 7,52,900
VXi (O) Petrol Manual	₹ 8,05,439	₹ 6,84,900
ZXi Plus Petrol Manual	₹ 9,60,911	₹ 8,19,900
ZXi Plus Petrol Manual Dual Tone	₹ 9,78,179	₹ 8,34,900
VXi Petrol Automatic	₹ 8,27,312	₹ 7,03,900
VXi (O) Petrol Automatic	₹ 8,57,243	₹ 7,29,900
ZXi Petrol Automatic	₹ 9,35,525	₹ 7,97,900
ZXi Plus Petrol Automatic	₹ 10,12,716	₹ 8,64,900
ZXi Plus Petrol Automatic Dual Tone	₹ 10,29,984	₹ 8,79,900
VXi CNG Manual	₹ 8,51,270	₹ 7,44,900
ZXi CNG Manual	₹ 9,56,611	₹ 8,38,900
VXi (O) CNG Manual	₹ 8,80,390	₹ 7,70,900

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 Swift LXi Petrol Manual will be ₹ 10,652 but you will have to pay interest of ₹ 3,15,868 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 ₹ 21,416, but your interest payment will be only ₹ 1,92,076 over the 3 years period.

₹ 11,738
Maruti Suzuki Swift price starts from ₹ 6,83,412 in Mumbai.

We have considered
Down-payement : ₹ 1,04,512
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 ₹ 2,28,000

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 ₹ 6.83 Lakh, you can get a loan with an annual income as low as ₹ 2.28 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.