Maruti Suzuki Celerio Car Loan EMI Calculator

₹ 10,848.
Here is how - Maruti Suzuki Celerio price starts from ₹ 6,24,363 in Mumbai. If you pay a down payment of ₹ 89,363 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,848.

The cheapest Celerio model is LXi which is priced at ₹ 6,24,363 in Mumbai. You will need to pay at least a ₹ 89,363 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.

Version	On-road price in Mumbai	Max Loan
ZXi	₹ 7,09,880	₹ 6,10,000
ZXi AMT	₹ 7,73,146	₹ 6,65,000
LXi	₹ 6,24,363	₹ 5,35,000
VXi	₹ 6,77,762	₹ 5,82,000
VXi AMT	₹ 7,41,028	₹ 6,37,000
ZXi Plus	₹ 7,64,846	₹ 6,58,000
ZXi Plus AMT	₹ 8,28,112	₹ 7,13,000
VXi CNG	₹ 7,53,945	₹ 6,72,000

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 Celerio LXi will be ₹ 9,731 but you will have to pay interest of ₹ 2,82,404 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 ₹ 19,565, but your interest payment will be only ₹ 1,69,340 over the 3 years period.

₹ 10,848
Maruti Suzuki Celerio price starts from ₹ 6,24,363 in Mumbai.

We have considered
Down-payement : ₹ 89,363
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,09,000

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 starts from ₹ 6.24 Lakh, you can get a loan with an annual income as low as ₹ 2.09 lakh.

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

• 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.