Maruti Suzuki Alto 800 Car Loan EMI Calculator

₹ 6,589.
Here is how - Maruti Suzuki Alto 800 price starts from ₹ 3,81,524 in Theni. If you pay a down payment of ₹ 56,576 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,589.

The cheapest Alto 800 model is STD which is priced at ₹ 3,81,524 in Theni. You will need to pay at least a ₹ 56,576 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 800.

Version	On-road price in Theni	Max Loan
STD	₹ 3,81,524	₹ 3,24,948
LXi	₹ 4,57,343	₹ 3,93,948
VXi	₹ 5,18,343	₹ 4,42,948
STD (O)	₹ 4,17,411	₹ 3,53,948
LXi (O)	₹ 4,95,662	₹ 4,22,948
LXi CNG [2019-2020]	₹ 4,83,623	₹ 4,15,518
LXi (O) CNG [2019-2020]	₹ 4,87,729	₹ 4,19,138
Vxi Plus	₹ 5,33,653	₹ 4,56,448
LXi CNG	₹ 5,65,843	₹ 4,88,948
LXi (O) CNG	₹ 5,99,228	₹ 5,12,948

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 800 STD will be ₹ 5,947 but you will have to pay interest of ₹ 1,74,600 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 ₹ 11,956, but your interest payment will be only ₹ 1,05,468 over the 3 years period.

₹ 6,589
Maruti Suzuki Alto 800 price starts from ₹ 3,81,524 in Theni.

We have considered
Down-payement : ₹ 56,576
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Alto 800 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,28,000

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 800 starts from ₹ 3.82 Lakh, you can get a loan with an annual income as low as ₹ 1.28 lakh.

Here are the most important things you should consider while getting a car loan for a new Alto 800

• 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.