Keep ‘this’ count for sure! The showroom owner himself will hand over the key to the Maruti Fronx, with an EMI as low as Rs 15000

• Maruti Suzuki is the leading auto company in the country
• Maruti Fronx Automatic Variant is well liked by customers
• What will be the EMI after a down payment of 1 lakh? find out

It is every person’s dream to have their own car. Many people work hard to make this dream come true. However, when the time comes to buy a car, the question arises as to which car to buy. If you also want a good performing car Maruti Suzuki Fronx can be a great option for you.

Maruti Suzuki, one of the leading automobile manufacturers in the country, offers cars in several segments. Maruti Franks is offered by the company in the compact SUV segment with an automatic transmission option. If you are planning to buy the automatic transmission variant of this SUV, then let’s find out how much EMI you will have to pay per month after making a down payment of Rs 1 lakh for this car?

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How much does the Maruti Franks cost?

The automatic transmission variant of the Maruti Franks is available at an ex-showroom price of Rs 8.15 lakh. So its on-road price is approximately Rs 9.14 lakh. This includes an ex-showroom price of Rs 8.15 lakh, plus Rs 57000 for RTO and Rs 43000 for insurance.

What will be the EMI after a down payment of Rs 1 lakh?

If you buy the base variant of this car with automatic transmission, the bank will provide you the loan only on the ex-showroom price. After making a down payment of 1 lakh, you will get a loan of approximately 8.15 lakhs from the bank. 8.15 lakh at 9% interest rate for seven years, you will have to pay an EMI of only Rs 13,108 per month for the next seven years.

Then the price of the car will be expensive

If you take a car loan of 8.15 lakhs for seven years at 9% interest rate from a bank, you will have to pay an EMI of Rs 13108 per month for seven years. Thus, in seven years, you will have to pay approximately Rs 2.86 lakh in interest for the Franks automatic transmission. After this, the total price of the car including ex-showroom, on-road and interest will be approximately Rs 12.01 lakh.