Maruti Suzuki Swift Car Loan EMI Calculator

₹ 12,662.
Here is how - Maruti Suzuki Swift price starts from ₹ 7,38,618 in Mumbai. If you pay a down payment of ₹ 1,14,167 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,662.

The cheapest Swift model is LXi which is priced at ₹ 7,38,618 in Mumbai. You will need to pay at least a ₹ 1,14,167 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.

Version	On-road price in Mumbai	Max Loan
LXi	₹ 7,38,618	₹ 6,24,451
VXi	₹ 8,42,660	₹ 7,15,000
VXi AMT	₹ 9,00,110	₹ 7,65,000
ZXi	₹ 9,32,280	₹ 7,92,999
ZXi AMT	₹ 9,92,792	₹ 8,43,000
ZXi Plus	₹ 10,16,920	₹ 8,64,000
ZXi Plus Dual Tone	₹ 10,33,007	₹ 8,78,000
ZXi Plus AMT	₹ 10,74,371	₹ 9,14,000
ZXi Plus AMT Dual Tone	₹ 10,90,458	₹ 9,28,001
VXi CNG	₹ 9,16,286	₹ 8,05,000
ZXi CNG	₹ 10,02,726	₹ 8,83,000

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 Swift LXi will be ₹ 11,512 but you will have to pay interest of ₹ 3,42,557 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 ₹ 23,146, but your interest payment will be only ₹ 2,08,805 over the 3 years period.

₹ 12,662
Maruti Suzuki Swift price starts from ₹ 7,38,618 in Mumbai.

We have considered
Down-payement : ₹ 1,14,167
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,47,000

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 starts from ₹ 7.39 Lakh, you can get a loan with an annual income as low as ₹ 2.47 lakh.

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

• 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.