Maruti Suzuki Wagon R Car Loan EMI Calculator

₹ 11,243.
Here is how - Maruti Suzuki Wagon R price starts from ₹ 6,49,486 in Mumbai. If you pay a down payment of ₹ 94,986 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,243.

The cheapest Wagon R model is LXI 1.0 which is priced at ₹ 6,49,486 in Mumbai. You will need to pay at least a ₹ 94,986 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 1.0	₹ 6,49,486	₹ 5,54,500
VXI 1.0	₹ 7,00,928	₹ 5,99,500
VXI 1.0 AGS	₹ 7,58,087	₹ 6,49,500
ZXI 1.2	₹ 7,39,167	₹ 6,28,000
ZXI 1.2 AGS	₹ 7,96,376	₹ 6,78,000
ZXI Plus 1.2	₹ 7,93,516	₹ 6,75,500
ZXI Plus 1.2 AGS	₹ 8,50,725	₹ 7,25,500
ZXI Plus 1.2 Dual Tone	₹ 8,07,247	₹ 6,87,500
ZXI Plus 1.2 AGS Dual Tone	₹ 8,64,456	₹ 7,37,500
LXI 1.0 CNG	₹ 7,26,439	₹ 6,44,500
VXI 1.0 CNG	₹ 7,76,057	₹ 6,89,500

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 Wagon R LXI 1.0 will be ₹ 10,123 but you will have to pay interest of ₹ 2,95,832 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 ₹ 20,353, but your interest payment will be only ₹ 1,78,208 over the 3 years period.

₹ 11,243
Maruti Suzuki Wagon R price starts from ₹ 6,49,486 in Mumbai.

We have considered
Down-payement : ₹ 94,986
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 ₹ 2,17,000

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 ₹ 6.49 Lakh, you can get a loan with an annual income as low as ₹ 2.17 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.