- Good demand for CNG Cars in India
- Maruti Suzuki Baleno is a popular car
- Know the down payment and EMI of this car
Even though electric cars are growing in India, most consumers buy CNG cars as well. That is why auto companies also launch their latest cars with CNG option. There are many popular CNG cars in India.
Maruti Suzuki has also launched many of its cars with CNG options. CNG version of Maruti Suzuki Baleno is also getting good demand in the market. If you are thinking of buying the CNG variant of this premium hatchback, let’s find out how much EMI you will have to pay per month, after a down payment of Rs 2 lakh.
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How much does Maruti Baleno cost?
Maruti offers the Delta CNG variant of the Baleno. The company offers this car at an ex-showroom price of Rs 7.70 lakh. 7.70 lakhs ex-showroom price inclusive of registration and insurance charges. This vehicle will incur a registration tax of approximately 54 thousand and an insurance fee of approximately 41 thousand. This brings the on-road price of the vehicle to Rs 8.64 lakh in Delhi.
What will be the EMI after a down payment of Rs 2 lakh?
If you are planning to buy the CNG variant (Delta) of Maruti Baleno, the bank will give you the loan only on the ex-showroom price. In such a situation, after making a down payment of Rs 2 lakh, the remaining Rs 6.64 lakh will have to be taken as a loan from the bank.
If a bank approves a loan of Rs 6.64 lakh for 7 years at 9% interest rate, you will have to pay an EMI of around Rs 10,806 per month for the next seven years.
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How much will the loan cost the car?
If you take a car loan of Rs 6.64 lakh for 7 years at 9% interest rate, you will pay an EMI of Rs 10,806 per month. A total of around Rs 2.42 lakh will have to be paid only in the form of interest during this period. As a result, the total price of the Maruti Baleno CNG Delta variant after taking into account the ex-showroom price, on-road costs and interest will be approximately Rs 11.07 lakh.
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