Maruti Suzuki Alto K10 [2014-2020] Car Loan EMI Calculator

₹ 7,318.
Here is how - Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 4,07,273 in Pathanamthitta. If you pay a down payment of ₹ 46,349 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,318.

The cheapest Alto K10 [2014-2020] model is LX [2014-2019] which is priced at ₹ 4,07,273 in Pathanamthitta. You will need to pay at least a ₹ 46,349 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 Alto K10 [2014-2020].

Version	On-road price in Pathanamthitta	Max Loan
LX [2014-2019]	₹ 4,07,273	₹ 3,60,924
LXi [2014-2019]	₹ 4,25,420	₹ 3,77,510
VXi [2014-2019]	₹ 4,43,659	₹ 3,94,181
VXi (O) [2014-2019]	₹ 4,65,159	₹ 4,13,833
VXi AMT [2014-2018]	₹ 4,73,372	₹ 4,21,664
LXi CNG [2014-2018]	₹ 4,66,883	₹ 4,21,217
LXi (Airbag) [2016-2019]	₹ 4,31,978	₹ 3,83,505
VXi AMT (Airbag) [2014-2019]	₹ 5,00,591	₹ 4,46,219
LXi CNG (Airbag) [2014-2019]	₹ 5,00,102	₹ 4,45,772
LX (Airbag) [2016-2019]	₹ 4,13,832	₹ 3,66,919
LX	₹ 4,21,213	₹ 3,73,665
LXi	₹ 4,39,675	₹ 3,90,540
VXi	₹ 4,57,809	₹ 4,07,115
VXi (O)	₹ 4,72,365	₹ 4,20,420
VXi AMT	₹ 5,06,898	₹ 4,51,983
LXi CNG	₹ 5,08,242	₹ 4,53,211

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 Alto K10 [2014-2020] LX [2014-2019] will be ₹ 6,348 but you will have to pay interest of ₹ 1,72,308 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 ₹ 12,762, but your interest payment will be only ₹ 98,508 over the 3 years period.

₹ 7,318
Maruti Suzuki Alto K10 [2014-2020] price starts from ₹ 4,07,273 in Pathanamthitta.

We have considered
Down-payement : ₹ 46,349
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto K10 [2014-2020] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,36,000

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 Alto K10 [2014-2020] starts from ₹ 4.07 Lakh, you can get a loan with an annual income as low as ₹ 1.36 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto K10 [2014-2020]

• 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.