Maruti Suzuki India has announced a price hike for its vehicles, effective February 1, making it essential for customers to allocate a larger budget for both budget-friendly and premium models. This presents an opportunity to purchase vehicles at current prices until January 31. For those with budget constraints, financing options through easy loan EMIs are available.
The company’s best-selling sedan, the New Gen Dzire, is a popular choice. The entry-level variant, LXI MT Petrol, starts at Rs 6.79 lakh. Banks and financial institutions often offer car loans covering 80% or more of the vehicle’s price. For a loan of Rs 6 lakh with a down payment of Rs 79,000, the corresponding EMI amounts can be calculated.
For the base variant LXI MT Petrol, if a loan of Rs 6 lakh is secured at an interest rate of 8%, the monthly EMIs would be: Rs 18,802 for 3 years, Rs 14,648 for 4 years, Rs 12,166 for 5 years, Rs 10,520 for 6 years, and Rs 9,352 for 7 years. At an interest rate of 8.5%, the monthly EMIs would be: Rs 18,941 for 3 years, Rs 14,789 for 4 years, Rs 12,310 for 5 years, Rs 10,667 for 6 years, and Rs 9,502 for 7 years. For an interest rate of 9%, the monthly EMIs would be: Rs 19,080 for 3 years, Rs 14,931 for 4 years, Rs 12,455 for 5 years, Rs 10,815 for 6 years, and Rs 9,653 for 7 years.
Please note that these calculations are for information purposes only, and individuals should responsibly evaluate their financial situation before making any investment decisions.