Maruti Suzuki A-Star Car Loan EMI Calculator

₹ 7,984.
Here is how - Maruti Suzuki A-Star price starts from ₹ 4,52,821 in Mumbai. If you pay a down payment of ₹ 59,075 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,984.

The cheapest A-Star model is LXI which is priced at ₹ 4,52,821 in Mumbai. You will need to pay at least a ₹ 59,075 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 A-Star.

Version	On-road price in Mumbai	Max Loan
LXI	₹ 4,52,821	₹ 3,93,746
VXI	₹ 4,88,058	₹ 4,25,018
VXI AT	₹ 5,50,198	₹ 4,80,159
ZXI	₹ 5,17,825	₹ 4,51,437
ZXI (Opt)	₹ 5,39,034	₹ 4,70,260

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 A-Star LXI will be ₹ 7,058 but you will have to pay interest of ₹ 1,99,126 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 ₹ 14,190, but your interest payment will be only ₹ 1,17,094 over the 3 years period.

₹ 7,984
Maruti Suzuki A-Star price starts from ₹ 4,52,821 in Mumbai.

We have considered
Down-payement : ₹ 59,075
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy A-Star with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,51,000

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 A-Star starts from ₹ 4.53 Lakh, you can get a loan with an annual income as low as ₹ 1.51 lakh.

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

• 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.