Maruti Suzuki Ertiga Car Loan EMI Calculator

₹ 17,215.
Here is how - Maruti Suzuki Ertiga price starts from ₹ 9,88,622 in Mumbai. If you pay a down payment of ₹ 1,39,622 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,215.

The cheapest Ertiga model is LXi (O) which is priced at ₹ 9,88,622 in Mumbai. You will need to pay at least a ₹ 1,39,622 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 Ertiga.

Version	On-road price in Mumbai	Max Loan
ZXi Plus	₹ 13,47,262	₹ 11,43,000
ZXi Plus AT	₹ 15,21,404	₹ 12,93,000
LXi (O)	₹ 9,88,622	₹ 8,49,000
VXi (O)	₹ 11,18,644	₹ 9,63,000
VXi (O) CNG	₹ 12,05,642	₹ 10,58,000
ZXi (O)	₹ 12,65,997	₹ 10,73,000
ZXi (O) CNG	₹ 13,28,858	₹ 11,68,000
VXi AT	₹ 13,12,435	₹ 11,13,000
ZXi AT	₹ 14,40,138	₹ 12,23,000

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 Ertiga LXi (O) will be ₹ 15,409 but you will have to pay interest of ₹ 4,45,356 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 ₹ 30,980, but your interest payment will be only ₹ 2,66,280 over the 3 years period.

₹ 17,215
Maruti Suzuki Ertiga price starts from ₹ 9,88,622 in Mumbai.

We have considered
Down-payement : ₹ 1,39,622
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,30,000

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 Ertiga starts from ₹ 9.89 Lakh, you can get a loan with an annual income as low as ₹ 3.30 lakh.

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

• 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.