Maruti Victor’s Down Payment EMI— Maruti Suzuki has created a stir in the mid-size SUV segment of the Indian automobile market by launching its new flagship vehicle Maruti Suzuki Victoris. There is a huge craze among customers to buy the base variant ‘LXI’ of this safe and powerful SUV, which has achieved 5-star safety rating in Bharat NCAP crash test. If you also want to avoid making a huge lump sum payment for your new vehicle at this time, then you can bring this SUV to your home by paying a down payment of just ₹ 2,00,000. The complete mathematics of how much monthly installment (EMI) you will have to pay every month in this finance plan as per Delhi on-road price is explained below.

Maruti Victoris Down Payment EMI: Bring home the base model LXI of Victoris with a down payment of only ₹ 2 lakh, know how much EMI you will have to pay every month.

Maruti Victoris LXI: Complete on-road price breakup

The ex-showroom price of the starting petrol manual variant (LXI) of Maruti Suzuki Victoris in the country’s capital New Delhi has been fixed at ₹ 10,50,000. However, apart from the ex-showroom price, many other taxes and charges have to be paid to put the car on the road. One has to pay around ₹1,05,000 as Delhi’s RTO fee and around ₹51,000 for comprehensive vehicle insurance. Additionally, ₹10,499 is added as 1% TCS charge. Including all these mandatory charges, the estimated on-road price of the base model of Maruti Victoris in Delhi comes to around ₹12,17,000.

Complete maths of loan and EMI after ₹2 lakh downpayment

If you make a downpayment of ₹2,00,000 from your own pocket for this SUV, this amount will be deducted from the total on-road price. After this you will have to take a total car loan of ₹ 10,17,000 from the bank. Now the details of your monthly installment according to different tenure and average interest rate of the bank of 9% to 9.5% will be as follows:

• For a tenure of 5 years (60 months): If you take a loan for 5 years and the interest rate is 9%, your monthly EMI will be around ₹21,110 per month.
• For a tenure of 7 years (84 months): Opting for a longer tenure will reduce the monthly burden. With 9% interest rate, your installment will come to around ₹16,336 per month, although you will have to pay more in total interest.

Voices from the Ground / Official Statement

“In the mid-size SUV segment, customers are now giving top priority to features as well as safety. Due to the 5-star rating in Bharat NCAP and the strong reach of the Arena network, the base variant LXI of Victoris is witnessing the highest number of inquiries for bookings and its finance plans.”
— , Senior Sales Consultant, Connaught Place Maruti Dealership

Impact on the common man’s pocket and the way forward

For middle-class families, paying more than ₹12 lakh in one go is often out of the budget. In such a situation, a monthly installment between ₹16,000 to ₹21,000 with an initial downpayment of ₹2 lakh emerges as a viable option. Keep in mind that the exact interest rate and EMI of the loan will depend on your individual CIBIL Score and the policies of the concerned bank. By visiting the nearest Maruti Suzuki Arena dealership, you can avail better deals and offers of the current month as per your profile.