Maruti Suzuki Baleno Car Loan EMI Calculator

₹ 13,503.
Here is how - Maruti Suzuki Baleno price starts from ₹ 7,64,069 in Unnao. If you pay a down payment of ₹ 98,121 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,503.

The cheapest Baleno model is Sigma MT which is priced at ₹ 7,64,069 in Unnao. You will need to pay at least a ₹ 98,121 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 Baleno.

Version	On-road price in Unnao	Max Loan
Sigma MT	₹ 7,64,069	₹ 6,65,948
Delta MT	₹ 8,57,794	₹ 7,49,948
Delta AGS	₹ 9,13,582	₹ 7,99,948
Delta MT CNG	₹ 9,61,213	₹ 8,39,948
Zeta MT	₹ 9,64,560	₹ 8,42,948
Zeta AGS	₹ 10,20,349	₹ 8,92,948
Zeta MT CNG	₹ 10,64,980	₹ 9,32,948
Alpha MT	₹ 10,70,559	₹ 9,37,948
Alpha AGS	₹ 11,26,347	₹ 9,87,948

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 Baleno Sigma MT will be ₹ 11,909 but you will have to pay interest of ₹ 3,34,408 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 ₹ 23,943, but your interest payment will be only ₹ 1,96,000 over the 3 years period.

₹ 13,503
Maruti Suzuki Baleno price starts from ₹ 7,64,069 in Unnao.

We have considered
Down-payement : ₹ 98,121
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,55,000

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 Baleno starts from ₹ 7.64 Lakh, you can get a loan with an annual income as low as ₹ 2.55 lakh.

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

• 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.