Maruti Suzuki Ertiga Car Loan EMI Calculator

₹ 17,620.
Here is how - Maruti Suzuki Ertiga price starts from ₹ 10,12,326 in Mumbai. If you pay a down payment of ₹ 1,43,326 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,620.

The cheapest Ertiga model is LXi (O) which is priced at ₹ 10,12,326 in Mumbai. You will need to pay at least a ₹ 1,43,326 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
LXi (O)	₹ 10,12,326	₹ 8,69,000
VXi (O)	₹ 11,42,348	₹ 9,83,000
ZXi (O)	₹ 12,90,109	₹ 10,93,000
VXi AT	₹ 13,24,937	₹ 11,23,000
ZXi Plus	₹ 13,71,374	₹ 11,63,000
ZXi AT	₹ 14,52,641	₹ 12,33,000
ZXi Plus AT	₹ 15,33,907	₹ 13,03,000
VXi (O) CNG	₹ 12,28,937	₹ 10,78,000
ZXi (O) CNG	₹ 13,52,155	₹ 11,88,000

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 ₹ 15,778 but you will have to pay interest of ₹ 4,56,352 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 ₹ 31,723, but your interest payment will be only ₹ 2,73,028 over the 3 years period.

₹ 17,620
Maruti Suzuki Ertiga price starts from ₹ 10,12,326 in Mumbai.

We have considered
Down-payement : ₹ 1,43,326
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 ₹ 3,38,000

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 ₹ 10.12 Lakh, you can get a loan with an annual income as low as ₹ 3.38 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.