What will be the EMI of Maruti Suzuki Ignis after a down payment of 2 lakhs? Learn simple calculations

• Maruti Suzuki is the leading auto company in the country
• Maruti Suzuki Ignis is a popular car of the company
• Know EMI and Down Payment

Maruti Suzuki cars are always in good demand in India. The company has always been offering powerful cars in the market. One such car is the Maruti Ignis. This car has a good demand in the Indian market.

Maruti Company offers Maruti Ignis in the hatchback segment. If you are planning to buy the top variant of this car, let’s find out how much EMI you will have to pay every month after a down payment of 2 lakhs.

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How much does Maruti Ignis cost?

The Ignis car from Maruti is offered in the hatchback segment. The company has made the base variant of this hatchback available for sale at an ex-showroom price of Rs 7.09 lakh. If you buy this car, apart from the ex-showroom price of Rs 7.09 lakh, you also have to pay for registration and insurance. About 50 thousand rupees registration fee and about 39 thousand rupees insurance has to be paid on this car. After this, the on-road price of this car is approximately Rs 7.98 lakh.

How much EMI after Rs 2 lakh down payment?

If you are planning to buy the top variant of Maruti Ignis, the bank will give the loan only on the ex-showroom price. In such a situation, after making a down payment of Rs 2 lakh, a loan of around Rs 5.98 lakh will have to be taken from the bank. If you get a loan of Rs 5.98 lakh from a bank at an interest rate of 9 percent and for a tenure of 7 years, you will have to pay an EMI of around Rs 9723 per month for the next 7 years.

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How expensive will the car cost?

If you take a car loan of Rs 5.98 lakh for 7 years at an interest rate of 9 percent, you will have to pay an EMI of Rs 9723 per month for 7 years. Thus in 7 years the top variant of Maruti Ignis will have to pay around Rs 2.18 lakh as interest only. After this, including ex-showroom price, on-road costs and interest, the total price of this car will be approximately Rs 10.16 lakh.

Who is the direct competition?

The Ignis from Maruti Suzuki has been introduced in the hatchback segment. The car competes directly with Maruti Alto K10, Maruti Celerio, Maruti Wagon R, Tata Tiago and Hyundai i10 in this segment.