Maruti Suzuki Ignis Car Loan EMI Calculator

₹ 11,842.
Here is how - Maruti Suzuki Ignis price starts from ₹ 6,65,232 in Indore. If you pay a down payment of ₹ 81,180 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,842.

The cheapest Ignis model is Sigma 1.2 MT which is priced at ₹ 6,65,232 in Indore. You will need to pay at least a ₹ 81,180 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 Ignis.

Version	On-road price in Indore	Max Loan
Sigma 1.2 MT	₹ 6,65,232	₹ 5,84,052
Delta 1.2 MT	₹ 7,24,549	₹ 6,38,052
Delta 1.2 AMT	₹ 7,79,542	₹ 6,88,052
Zeta 1.2 MT	₹ 7,88,261	₹ 6,96,052
Zeta 1.2 MT Dual Tone	₹ 8,04,883	₹ 7,10,052
Zeta 1.2 AMT	₹ 8,43,310	₹ 7,46,052
Alpha 1.2 MT	₹ 8,59,922	₹ 7,61,052
Zeta 1.2 AMT Dual Tone	₹ 8,61,151	₹ 7,60,000
Alpha 1.2 MT Dual Tone	₹ 8,77,813	₹ 7,75,052
Alpha 1.2 AMT	₹ 9,18,453	₹ 8,11,052
Alpha 1.2 AMT Dual Tone	₹ 9,34,081	₹ 8,25,000

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 Ignis Sigma 1.2 MT will be ₹ 10,368 but you will have to pay interest of ₹ 2,86,860 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 ₹ 20,846, but your interest payment will be only ₹ 1,66,404 over the 3 years period.

₹ 11,842
Maruti Suzuki Ignis price starts from ₹ 6,65,232 in Indore.

We have considered
Down-payement : ₹ 81,180
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,22,000

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 Ignis starts from ₹ 6.65 Lakh, you can get a loan with an annual income as low as ₹ 2.22 lakh.

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

• 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.