Maruti Suzuki Wagon R Car Loan EMI Calculator

₹ 10,116.
Here is how - Maruti Suzuki Wagon R price starts from ₹ 5,85,401 in Mumbai. If you pay a down payment of ₹ 86,501 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,116.

The cheapest Wagon R model is LXi Petrol 1.0L Manual which is priced at ₹ 5,85,401 in Mumbai. You will need to pay at least a ₹ 86,501 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 Wagon R.

Version	On-road price in Mumbai	Max Loan
LXi Petrol 1.0L Manual	₹ 5,85,401	₹ 4,98,900
VXi Petrol 1.0L Manual	₹ 6,46,352	₹ 5,51,900
VXi Petrol 1.0L Automatic	₹ 6,98,077	₹ 5,96,900
ZXi Petrol 1.2L Manual	₹ 7,02,982	₹ 5,95,900
ZXi Petrol 1.2L Automatic	₹ 7,54,786	₹ 6,40,900
ZXi Plus Petrol 1.2L Manual	₹ 7,52,484	₹ 6,38,900
ZXi Plus Petrol 1.2L Automatic	₹ 8,04,288	₹ 6,83,900
ZXi Plus Petrol 1.2L Manual Dual Tone	₹ 7,65,147	₹ 6,49,900
ZXi Plus Petrol 1.2L Automatic Dual Tone	₹ 8,16,951	₹ 6,94,900
LXi CNG 1.0L Manual	₹ 6,70,508	₹ 5,88,900
VXi CNG 1.0L Manual	₹ 7,29,775	₹ 6,41,900

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 Wagon R LXi Petrol 1.0L Manual will be ₹ 9,124 but you will have to pay interest of ₹ 2,67,516 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 ₹ 18,344, but your interest payment will be only ₹ 1,61,484 over the 3 years period.

₹ 10,116
Maruti Suzuki Wagon R price starts from ₹ 5,85,401 in Mumbai.

We have considered
Down-payement : ₹ 86,501
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,96,000

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 Wagon R starts from ₹ 5.85 Lakh, you can get a loan with an annual income as low as ₹ 1.96 lakh.

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

• 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.