Maruti Suzuki Grand Vitara Car Loan EMI Calculator

₹ 22,284.
Here is how - Maruti Suzuki Grand Vitara price starts from ₹ 13,09,136 in Mumbai. If you pay a down payment of ₹ 2,10,136 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,284.

The cheapest Grand Vitara model is Sigma Smart Hybrid which is priced at ₹ 13,09,136 in Mumbai. You will need to pay at least a ₹ 2,10,136 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 Grand Vitara.

Version	On-road price in Mumbai	Max Loan
Zeta Plus Intelligent Hybrid eCVT Dual Tone	₹ 21,69,810	₹ 18,59,000
Alpha Plus Intelligent Hybrid eCVT Dual Tone	₹ 23,97,682	₹ 20,09,000
Sigma Smart Hybrid	₹ 13,09,136	₹ 10,99,000
Delta Smart Hybrid	₹ 14,30,316	₹ 12,20,000
Zeta Smart Hybrid	₹ 16,39,781	₹ 14,01,000
Alpha Smart Hybrid	₹ 18,13,371	₹ 15,51,000
Zeta Smart Hybrid AT	₹ 18,01,798	₹ 15,41,000
Alpha Smart Hybrid AT	₹ 19,75,388	₹ 16,91,000
Alpha Smart Hybrid AllGrip Dual Tone	₹ 20,05,477	₹ 17,17,000
Alpha Smart Hybrid Dual Tone	₹ 18,31,887	₹ 15,67,000
Delta Smart Hybrid AT	₹ 15,92,332	₹ 13,60,000
Alpha Smart Hybrid AT Dual Tone	₹ 19,93,905	₹ 17,07,000
Alpha Smart Hybrid AllGrip	₹ 19,86,961	₹ 17,01,000
Zeta Plus Intelligent Hybrid eCVT	₹ 21,51,293	₹ 18,43,000
Alpha Plus Intelligent Hybrid eCVT	₹ 23,58,483	₹ 19,93,000
Delta CNG	₹ 14,85,530	₹ 13,15,000
Zeta CNG	₹ 16,87,465	₹ 14,96,000

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 Grand Vitara Sigma Smart Hybrid will be ₹ 20,404 but you will have to pay interest of ₹ 6,14,936 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 ₹ 41,024, but your interest payment will be only ₹ 3,77,864 over the 3 years period.

₹ 22,284
Maruti Suzuki Grand Vitara price starts from ₹ 13,09,136 in Mumbai.

We have considered
Down-payement : ₹ 2,10,136
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,37,000

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 Grand Vitara starts from ₹ 13.09 Lakh, you can get a loan with an annual income as low as ₹ 4.37 lakh.

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

• 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.