Maruti Suzuki Baleno Car Loan EMI Calculator

₹ 13,504.
Here is how - Maruti Suzuki Baleno price starts from ₹ 7,74,188 in Mumbai. If you pay a down payment of ₹ 1,08,188 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,504.

The cheapest Baleno model is Sigma MT which is priced at ₹ 7,74,188 in Mumbai. You will need to pay at least a ₹ 1,08,188 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 Baleno.

Version	On-road price in Mumbai	Max Loan
Sigma MT	₹ 7,74,188	₹ 6,66,000
Delta MT	₹ 8,69,478	₹ 7,50,000
Delta AGS	₹ 9,34,580	₹ 7,95,000
Delta MT CNG	₹ 9,36,617	₹ 8,40,000
Zeta MT	₹ 9,74,978	₹ 8,43,000
Zeta AGS	₹ 10,44,497	₹ 8,88,000
Zeta MT CNG	₹ 10,38,246	₹ 9,33,000
Alpha MT	₹ 10,82,746	₹ 9,38,000
Alpha AGS	₹ 11,53,652	₹ 9,83,000

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 Baleno Sigma MT will be ₹ 12,067 but you will have to pay interest of ₹ 3,47,628 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 ₹ 24,260, but your interest payment will be only ₹ 2,07,360 over the 3 years period.

₹ 13,504
Maruti Suzuki Baleno price starts from ₹ 7,74,188 in Mumbai.

We have considered
Down-payement : ₹ 1,08,188
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,59,000

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 Baleno starts from ₹ 7.74 Lakh, you can get a loan with an annual income as low as ₹ 2.59 lakh.

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

• 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.