12/08/22

Know Maruti Suzuki Celerio loan EMI on Rs 60,000 down payment: Details explained

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The second-generation Maruti Suzuki Celerio was launched in the country back in November last year, and the hatchback continues to be one of the most popular entry-level hatchbacks in the Indian market. The Celerio is currently priced from Rs 5.25 lakh for the entry-level LXI variant, going all the way up to Rs 7 lakh (both prices, ex-showroom) for the range-topping ZXI+ AMT model. However, the on-road (Delhi) price of the Maruti hatchback currently ranges between Rs 5.72 lakh and Rs 7.81 lakh.
Planning to buy the 2022 Maruti Suzuki Celerio and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the Maruti hatchback, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

Variant On-road price
(Delhi)
Tenure Interest rate
(estimated)
Down payment EMI
LXI Rs 5,72,297 5 years 9.8% Rs 60,000 Rs 10,834
VXI Rs 6,24,975 5 years 9.8% Rs 62,000 Rs 11,906
ZXI Rs 6,46,476 5 years 9.8% Rs 65,000 Rs 12,298
VXI AMT Rs 6,97,448 5 years 9.8% Rs 70,000 Rs 13,270
ZXI AMT Rs 7,19,549 5 years 9.8% Rs 72,000 Rs 13,695
ZXI+ Rs 7,26,179 5 years 9.8% Rs 73,000 Rs 13,814
VXI CNG Rs 7,47,175 5 years 9.8% Rs 75,000 Rs 14,216
ZXI+ AMT Rs 7,81,432 5 years 9.8% Rs 78,000 Rs 14,877
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To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 9.8% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your easy monthly installment (EMI) respectively.
For example, if you were to purchase the VXI MT variant of the Maruti Suzuki Celerio (ex-showroom price – Rs 5.74 lakh), you would end up paying Rs 11,906 as a monthly installment for a period of 5 years at a 9.8% ROI, along with one-time down payment of Rs 62,000. All added, you end up paying about Rs 7.76 lakh for the said variant by the end of your loan tenure, which includes the on-road price, the down payment amount, as well as the interest incurred over the aforementioned period.
Let us know in the comments down below if you would like to know the EMI for any other car, motorcycle, or scooter of your choice.





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