Maruti Suzuki Estilo Car Loan EMI Calculator

₹ 7,225.
Here is how - Maruti Suzuki Estilo price starts from ₹ 8,06,217 in Mumbai. If you pay a down payment of ₹ 4,49,891 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 7,225.

The cheapest Estilo model is LX BS-IV which is priced at ₹ 8,06,217 in Mumbai. You will need to pay at least a ₹ 4,49,891 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 Estilo.

Version	On-road price in Mumbai	Max Loan
LX BS-IV	₹ 8,06,217	₹ 3,56,326
LXi BS-IV	₹ 4,49,929	₹ 3,91,180
VXi ABS BS-IV	₹ 5,16,107	₹ 4,49,913
VXi BS-IV	₹ 4,81,085	₹ 4,18,831
LXi CNG BS-IV	₹ 4,94,619	₹ 4,46,125

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 Estilo LX BS-IV will be ₹ 12,566 but you will have to pay interest of ₹ 6,99,218 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 ₹ 25,264, but your interest payment will be only ₹ 5,53,178 over the 3 years period.

₹ 7,225
Maruti Suzuki Estilo price starts from ₹ 8,06,217 in Mumbai.

We have considered
Down-payement : ₹ 4,49,891
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,69,000

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 Estilo starts from ₹ 8.06 Lakh, you can get a loan with an annual income as low as ₹ 2.69 lakh.

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

• 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.