Maruti Suzuki Ertiga Car Loan EMI Calculator

₹ 17,619.
Here is how - Maruti Suzuki Ertiga price starts from ₹ 10,12,224 in Jodhpur. If you pay a down payment of ₹ 1,43,282 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,619.

The cheapest Ertiga model is LXi (O) which is priced at ₹ 10,12,224 in Jodhpur. You will need to pay at least a ₹ 1,43,282 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 Ertiga.

Version	On-road price in Jodhpur	Max Loan
LXi (O)	₹ 10,12,224	₹ 8,68,942
VXi (O)	₹ 11,42,194	₹ 9,82,942
ZXi (O)	₹ 12,78,533	₹ 10,92,942
VXi AT	₹ 13,13,036	₹ 11,22,942
ZXi Plus	₹ 13,59,039	₹ 11,62,942
ZXi AT	₹ 14,39,545	₹ 12,32,942
ZXi Plus AT	₹ 15,20,052	₹ 13,02,942
VXi (O) CNG	₹ 12,61,281	₹ 10,77,942
ZXi (O) CNG	₹ 13,87,791	₹ 11,87,942

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 Ertiga LXi (O) will be ₹ 15,777 but you will have to pay interest of ₹ 4,56,326 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 ₹ 31,719, but your interest payment will be only ₹ 2,72,942 over the 3 years period.

₹ 17,619
Maruti Suzuki Ertiga price starts from ₹ 10,12,224 in Jodhpur.

We have considered
Down-payement : ₹ 1,43,282
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,38,000

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 Ertiga starts from ₹ 10.12 Lakh, you can get a loan with an annual income as low as ₹ 3.38 lakh.

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

• 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.