Maruti Suzuki Celerio X Car Loan EMI Calculator

₹ 9,838.
Here is how - Maruti Suzuki Celerio X price starts from ₹ 5,64,323 in Mumbai. If you pay a down payment of ₹ 79,125 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,838.

The cheapest Celerio X model is VXi [2019-2020] which is priced at ₹ 5,64,323 in Mumbai. You will need to pay at least a ₹ 79,125 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 Celerio X.

Version	On-road price in Mumbai	Max Loan
Vxi [2017-2019]	₹ 5,73,701	₹ 4,90,198
Vxi AMT [2017-2019]	₹ 6,24,438	₹ 5,33,198
Vxi (O) [2017-2019]	₹ 5,80,428	₹ 4,96,073
Vxi (O) AMT [2017-2019]	₹ 6,31,166	₹ 5,39,074
Zxi [2017-2019]	₹ 6,03,296	₹ 5,14,734
Zxi AMT [2017-2019]	₹ 6,52,535	₹ 5,57,735
Zxi (Opt) [2017-2019]	₹ 6,49,803	₹ 5,55,350
Zxi (O) AMT [2017-2019]	₹ 6,63,544	₹ 5,67,350
VXi [2019-2020]	₹ 5,64,323	₹ 4,85,198
VXi AMT [2019-2020]	₹ 6,13,245	₹ 5,28,198
VXi (O) [2019-2020]	₹ 5,71,008	₹ 4,91,074
VXi (O) AMT [2019-2020]	₹ 6,19,930	₹ 5,34,074
ZXi [2019-2020]	₹ 5,92,239	₹ 5,09,735
ZXi AMT [2019-2020]	₹ 6,41,161	₹ 5,52,735
ZXi (Opt) [2019-2020]	₹ 6,38,447	₹ 5,50,350
ZXi (O) AMT [2019-2020]	₹ 6,52,100	₹ 5,62,350
Vxi	₹ 6,00,205	₹ 5,11,500
VXi AMT	₹ 6,57,458	₹ 5,61,500
VXi (O)	₹ 6,10,511	₹ 5,20,500
VXi (O) AMT	₹ 6,67,764	₹ 5,70,500
Zxi	₹ 6,31,923	₹ 5,39,200
ZXi AMT	₹ 6,89,176	₹ 5,89,200
ZXi (Opt)	₹ 6,78,413	₹ 5,79,800
ZXi (O) AMT	₹ 6,92,153	₹ 5,91,800

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 Celerio X VXi [2019-2020] will be ₹ 8,796 but you will have to pay interest of ₹ 2,53,666 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 ₹ 17,684, but your interest payment will be only ₹ 1,51,426 over the 3 years period.

₹ 9,838
Maruti Suzuki Celerio X price starts from ₹ 5,64,323 in Mumbai.

We have considered
Down-payement : ₹ 79,125
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,89,000

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 Celerio X starts from ₹ 5.64 Lakh, you can get a loan with an annual income as low as ₹ 1.89 lakh.

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

• 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.