Maruti Suzuki Swift [2010-2011] Car Loan EMI Calculator

₹ 8,994.
Here is how - Maruti Suzuki Swift [2010-2011] price starts from ₹ 4,92,177 in Mumbai. If you pay a down payment of ₹ 48,587 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,994.

The cheapest Swift [2010-2011] model is LXi 1.2 BS-IV which is priced at ₹ 4,92,177 in Mumbai. You will need to pay at least a ₹ 48,587 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 Swift [2010-2011].

Version	On-road price in Mumbai	Max Loan
LXi 1.2 BS-IV	₹ 4,92,177	₹ 4,43,590
VXi 1.2 BS-IV	₹ 5,29,564	₹ 4,77,620
VXi 1.2 ABS BS-IV	₹ 5,51,947	₹ 4,97,992
ZXi 1.2 BS-IV	₹ 6,23,460	₹ 5,63,082
LDi BS-IV	₹ 5,73,336	₹ 5,17,460
VDi ABS BS-IV	₹ 6,38,365	₹ 5,76,649
VDi BS-IV	₹ 6,16,856	₹ 5,57,072

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 Swift [2010-2011] LXi 1.2 BS-IV will be ₹ 7,671 but you will have to pay interest of ₹ 2,00,774 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 ₹ 15,423, but your interest payment will be only ₹ 1,11,638 over the 3 years period.

₹ 8,994
Maruti Suzuki Swift [2010-2011] price starts from ₹ 4,92,177 in Mumbai.

We have considered
Down-payement : ₹ 48,587
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Swift [2010-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,65,000

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 Swift [2010-2011] starts from ₹ 4.92 Lakh, you can get a loan with an annual income as low as ₹ 1.65 lakh.

Here are the most important things you should consider while getting a car loan for a new Swift [2010-2011]

• 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.