Maruti Suzuki Wagon R [2019-2022] Car Loan EMI Calculator

₹ 8,901.
Here is how - Maruti Suzuki Wagon R [2019-2022] price starts from ₹ 5,13,261 in Mumbai. If you pay a down payment of ₹ 74,261 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,901.

The cheapest Wagon R [2019-2022] model is LXi 1.0 [2019-2019] which is priced at ₹ 5,13,261 in Mumbai. You will need to pay at least a ₹ 74,261 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 Wagon R [2019-2022].

Version	On-road price in Mumbai	Max Loan
LXi 1.0 [2019-2019]	₹ 5,13,261	₹ 4,39,000
VXi 1.0 [2019-2019]	₹ 5,64,611	₹ 4,84,000
VXi 1.0 AMT [2019-2019]	₹ 6,18,243	₹ 5,31,000
VXi 1.2	₹ 6,77,214	₹ 5,73,500
VXi 1.2 AMT	₹ 7,34,554	₹ 6,23,500
ZXi 1.2	₹ 7,13,565	₹ 6,08,000
ZXi 1.2 AMT	₹ 7,70,775	₹ 6,58,000
LXi (O) 1.0 [2019-2019]	₹ 5,21,249	₹ 4,46,000
VXi (O) 1.2 AMT	₹ 7,39,309	₹ 6,30,500
VXi (O) 1.2	₹ 6,82,100	₹ 5,80,500
VXi (O) 1.0 AMT [2019-2019]	₹ 6,26,231	₹ 5,38,000
VXi (O) 1.0 [2019-2019]	₹ 5,72,599	₹ 4,91,000
LXi 1.0 CNG [2019-2020]	₹ 5,68,442	₹ 5,05,500
LXi (O) 1.0 CNG [2019-2020]	₹ 5,76,133	₹ 5,12,500
LXi 1.0	₹ 6,07,648	₹ 5,18,000
LXi (O) 1.0	₹ 6,11,902	₹ 5,24,000
VXi 1.0	₹ 6,44,863	₹ 5,50,500
VXi (O) 1.0	₹ 6,50,198	₹ 5,57,500
VXi 1.0 AMT	₹ 7,02,115	₹ 6,00,500
VXi (O) 1.0 AMT	₹ 7,07,356	₹ 6,07,500
LXi 1.0 CNG	₹ 6,91,908	₹ 6,13,000
LXi (O) 1.0 CNG	₹ 6,95,606	₹ 6,19,000

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 Wagon R [2019-2022] LXi 1.0 [2019-2019] will be ₹ 8,000 but you will have to pay interest of ₹ 2,33,000 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 ₹ 16,084, but your interest payment will be only ₹ 1,40,024 over the 3 years period.

₹ 8,901
Maruti Suzuki Wagon R [2019-2022] price starts from ₹ 5,13,261 in Mumbai.

We have considered
Down-payement : ₹ 74,261
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Wagon R [2019-2022] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,72,000

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 Wagon R [2019-2022] starts from ₹ 5.13 Lakh, you can get a loan with an annual income as low as ₹ 1.72 lakh.

Here are the most important things you should consider while getting a car loan for a new Wagon R [2019-2022]

• 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.