Maruti Suzuki Swift Car Loan EMI Calculator

₹ 13,154.
Here is how - Maruti Suzuki Swift price starts from ₹ 7,65,861 in Navi Mumbai. If you pay a down payment of ₹ 1,17,118 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,154.

The cheapest Swift model is LXi which is priced at ₹ 7,65,861 in Navi Mumbai. You will need to pay at least a ₹ 1,17,118 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 Swift.

Version	On-road price in Navi Mumbai	Max Loan
LXi	₹ 7,65,861	₹ 6,48,743
VXi	₹ 8,58,273	₹ 7,29,243
ZXi	₹ 9,76,129	₹ 8,29,242
VXi (O)	₹ 8,89,267	₹ 7,56,242
ZXi Plus	₹ 10,56,488	₹ 8,99,243
ZXi Plus Dual Tone	₹ 10,73,706	₹ 9,14,241
VXi AMT	₹ 9,15,670	₹ 7,79,242
VXi (O) AMT	₹ 9,49,726	₹ 8,06,243
ZXi AMT	₹ 10,33,528	₹ 8,79,242
ZXi Plus AMT	₹ 11,13,886	₹ 9,49,242
ZXi Plus Dual Tone AMT	₹ 11,31,105	₹ 9,64,242

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 Swift LXi will be ₹ 11,937 but you will have to pay interest of ₹ 3,53,965 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 ₹ 23,999, but your interest payment will be only ₹ 2,15,221 over the 3 years period.

₹ 13,154
Maruti Suzuki Swift price starts from ₹ 7,65,861 in Navi Mumbai.

We have considered
Down-payement : ₹ 1,17,118
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,56,000

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 Swift starts from ₹ 7.66 Lakh, you can get a loan with an annual income as low as ₹ 2.56 lakh.

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

• 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.