Maruti Suzuki S-Presso Car Loan EMI Calculator

₹ 8,648.
Here is how - Maruti Suzuki S-Presso price starts from ₹ 5,03,884 in Mumbai. If you pay a down payment of ₹ 77,384 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,648.

The cheapest S-Presso model is Std which is priced at ₹ 5,03,884 in Mumbai. You will need to pay at least a ₹ 77,384 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 S-Presso.

Version	On-road price in Mumbai	Max Loan
Std	₹ 5,03,884	₹ 4,26,500
LXi	₹ 5,88,740	₹ 5,01,500
VXi	₹ 6,11,657	₹ 5,21,500
Vxi Plus	₹ 6,44,888	₹ 5,50,500
VXi (O) AMT	₹ 6,74,681	₹ 5,76,500
VXi Plus (O) AMT	₹ 7,07,912	₹ 6,05,500
LXi S-CNG	₹ 6,68,734	₹ 5,91,500
VXi S-CNG	₹ 6,91,090	₹ 6,11,500

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 S-Presso Std will be ₹ 7,854 but you will have to pay interest of ₹ 2,33,236 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 ₹ 15,790, but your interest payment will be only ₹ 1,41,940 over the 3 years period.

₹ 8,648
Maruti Suzuki S-Presso price starts from ₹ 5,03,884 in Mumbai.

We have considered
Down-payement : ₹ 77,384
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S-Presso with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,68,000

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 S-Presso starts from ₹ 5.04 Lakh, you can get a loan with an annual income as low as ₹ 1.68 lakh.

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

• 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.