Maruti Suzuki XL6 Car Loan EMI Calculator

₹ 23,364.
Here is how - Maruti Suzuki XL6 price starts from ₹ 13,57,487 in Mumbai. If you pay a down payment of ₹ 2,05,187 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 23,364.

The cheapest XL6 model is Zeta Petrol Manual which is priced at ₹ 13,57,487 in Mumbai. You will need to pay at least a ₹ 2,05,187 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 XL6.

Version	On-road price in Mumbai	Max Loan
Zeta Petrol Manual	₹ 13,57,487	₹ 11,52,300
Zeta CNG Manual	₹ 14,24,429	₹ 12,43,300
Zeta Petrol Automatic	₹ 15,14,366	₹ 12,87,300
Alpha Petrol Manual	₹ 14,69,626	₹ 12,48,800
Alpha Plus Petrol Manual	₹ 15,25,754	₹ 12,97,100
Alpha Plus Petrol Manual Dual Tone	₹ 15,43,650	₹ 13,12,500
Alpha Petrol Automatic	₹ 16,26,506	₹ 13,83,800
Alpha Plus Petrol Automatic	₹ 16,82,634	₹ 14,32,100
Alpha Plus Petrol Automatic Dual Tone	₹ 17,00,530	₹ 14,47,500

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 XL6 Zeta Petrol Manual will be ₹ 21,158 but you will have to pay interest of ₹ 6,24,972 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 ₹ 42,539, but your interest payment will be only ₹ 3,79,104 over the 3 years period.

₹ 23,364
Maruti Suzuki XL6 price starts from ₹ 13,57,487 in Mumbai.

We have considered
Down-payement : ₹ 2,05,187
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XL6 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,53,000

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 XL6 starts from ₹ 13.57 Lakh, you can get a loan with an annual income as low as ₹ 4.53 lakh.

Here are the most important things you should consider while getting a car loan for a new XL6

• 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.