Maruti Celerio Base Model Finance: EMI of Rs 5,166 will be made every month on down payment of Rs 2 lakh.

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Maruti Suzuki Celerio remains a popular option for customers planning to buy a new car in the budget segment. If you are thinking of bringing home the base variant (LXi) of this hatchback and do not want to pay the entire amount outright, then it can be easily financed by paying a down payment of just Rs 2 lakh. Based on on-road prices in Delhi, a monthly EMI of Rs 5,166 will have to be paid for the next 7 years on a bank loan of Rs 3.18 lakh.

Maruti Celerio Base Model Finance: EMI of Rs 5,166 will be made every month on down payment of Rs 2 lakh.

Maruti Celerio Base Model Finance

Maruti Celerio Breakup: Mathematics of on-road price and tax in Delhi

The starting ex-showroom price of the base variant (LXi) of Maruti Suzuki Celerio is Rs 4.70 lakh. When buying a car in New Delhi, apart from this base price, the amount of government registration fee and insurance is added.

  • Ex-showroom price: Rs 4.70 lakh
  • RTO Charges (Registration): Around Rs 23,000
  • Insurance: Around Rs 24,000
  • Total on-road price (Delhi): Approx Rs 5.18 lakh

Bank Loan and EMI Calculation after Down Payment of Rs 2 Lakh

Generally, banks approve loans based on the ex-showroom price or on-road price of the vehicle. Out of the total on-road amount of Rs 5.18 lakh, if you make a down payment of Rs 2,00,000, the remaining amount of Rs 3.18 lakh will have to be financed from the bank.

“If the bank sanctions you a car loan of Rs 3.18 lakh for a tenure of 7 years (84 months) at an annual interest rate of 9 per cent, your monthly EMI will be fixed at exactly Rs 5,166.”
— Auto Finance Expert, New Delhi

Loan implications and financial advice for budget customers

During the tenure of 7 years, the customer will have to pay a total interest of approximately Rs 1.15 lakh on the principal amount of Rs 3.18 lakh. In the entry-level car segment, Celerio is considered a suitable option for daily commute due to its low running cost and better mileage. However, slight changes are possible in the amount of this EMI depending on the interest rates of different banks and the credit score (CIBIL Score) of the customer.

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