Even if the salary is 25 thousand, you will take Maruti Swift car! If EMI is less than 10 thousand, know simple and straightforward calculation

• Maruti Suzuki Swift is a popular car in the country
• What will be the EMI after a down payment of 2 lakhs?
• Know the finance plan

Consumers in the Indian auto market are always looking for a car that is available at a budget friendly price and also gives good mileage. Considering this demand of the customers, many auto companies are offering the best cars in the market. One such popular car is the Maruti Suzuki Swift.

Maruti Suzuki It is one of the leading car manufacturers in the country, offering powerful car offerings across different segments. In the hatchback segment, the company has introduced the Swift car. If you want to buy the base variant of this Maruti car, how much EMI will you have to pay per month after a down payment of 2 lakhs? Let’s know about it.

How much does Maruti Swift cost?

The base variant of the Maruti Suzuki Swift is priced at Rs 5.79 lakh ex-showroom. If you buy this, you will have to pay approximately Rs.24000 for registration and approximately Rs.28000 for insurance. This will bring the on-road price to Rs 6.36 lakh.

‘This’ Automatic Car attracts customers! EMI will be ‘that much’ after down payment of 2 lakh, know simple calculation

What will be the EMI after a down payment of 2 lakhs?

If you are buying the base variant of Maruti Suzuki Swift, the loan is given by the bank only on the ex-showroom price. In such a situation, after making a down payment of two lakh rupees, about 4.36 lakh rupees will have to be financed from the bank. If this loan is taken for a period of seven years at an interest rate of 9 percent, the EMI will be around Rs 7,027 per month. This EMI has to be paid regularly for the next seven years.

How expensive will the car cost?

If you take a loan of Rs 4.36 lakh for seven years at an interest rate of 9 percent, you will pay approximately Rs 1.53 lakh as interest over a period of seven years. So including ex-showroom price, on-road costs and interest, the total price of the base variant of the Maruti Suzuki Swift can go up to around Rs 7.90 lakh. That is, the loan may increase the price of the car extra.

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Who is the competition?

The Swift faces competition from several cars in the hatchback segment. These include Maruti Suzuki Alto K10, Maruti Suzuki S-Presso, Maruti Suzuki Celerio and Maruti Suzuki Wagon R.

Apart from this, the Swift also faces strong competition from the likes of Nissan Magnite, Hyundai Exter, Renault Kiger and Tata Punch in the entry-level SUV segment.