Maruti Suzuki S-Presso Car Loan EMI Calculator

₹ 8,647.
Here is how - Maruti Suzuki S-Presso price starts from ₹ 4,75,321 in Sanand. If you pay a down payment of ₹ 48,873 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 8,647.

The cheapest S-Presso model is Std which is priced at ₹ 4,75,321 in Sanand. You will need to pay at least a ₹ 48,873 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 S-Presso.

Version	On-road price in Sanand	Max Loan
Std	₹ 4,75,321	₹ 4,26,448
LXi	₹ 5,57,864	₹ 5,01,448
VXi	₹ 5,79,476	₹ 5,21,448
Vxi Plus	₹ 6,10,813	₹ 5,50,448
VXi (O) AMT	₹ 6,33,505	₹ 5,71,448
VXi Plus (O) AMT	₹ 6,64,842	₹ 6,00,448
LXi S-CNG	₹ 6,55,116	₹ 5,91,448
VXi S-CNG	₹ 6,76,728	₹ 6,11,448

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 S-Presso Std will be ₹ 7,408 but you will have to pay interest of ₹ 1,95,824 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 ₹ 14,895, but your interest payment will be only ₹ 1,09,772 over the 3 years period.

₹ 8,647
Maruti Suzuki S-Presso price starts from ₹ 4,75,321 in Sanand.

We have considered
Down-payement : ₹ 48,873
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S-Presso with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,59,000

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 S-Presso starts from ₹ 4.75 Lakh, you can get a loan with an annual income as low as ₹ 1.59 lakh.

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

• 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.