Want to buy Maruti Grand Vitara base variant? How much EMI will be after 2 lakh down payment? Understand the entire calculation

• The on-road price of the Grand Vitara Sigma variant is around Rs 12.16 lakh.
• After a down payment of 2 lakhs, a loan of around 10.16 lakhs has to be taken.
• At 9% interest rate the EMI for 7 years comes to approximately ₹16,352 per month.

Maruti Grand Vitara Down Payment And EMI: Maruti Suzuki, one of the leading automobile manufacturers in India, sells vehicles in different segments. The company in the mid-size SUV segment Maruti Grand Vitara is introduced. If you are planning to buy the base variant of this car, then let’s know how much EMI you will have to pay after the down payment. Always remember that calculating down payment and EMI is very important while buying any car. Otherwise your entire budget may collapse. Let’s find out how much EMI you will have to pay if you make a down payment of Rs 2 lakh while buying the base variant of Maruti Grand Vitara.

BMW’s luxury convertible car launched in India; 250 top speed and great features… the price will blow your mind

Maruti Grand Vitara Price

The Sigma has been introduced as the base variant of the Maruti Grand Vitara. The company has made the base variant of this mid-size SUV available for sale at an ex-showroom price of Rs 10.76 lakh. If you are going to buy this car in Delhi, then you will have to pay registration, insurance charges on its ex-showroom price of Rs 10.76 lakh. To buy this car, registration tax of around 80 thousand rupees, around 47 thousand rupees will have to be spent for insurance. Along with this, a TCS charge of Rs 10700 will also have to be paid. After this, the on-road price of the car in Delhi will be Rs 12.16 lakh. (Photo Courtesy – Maruti)

How much will be the EMI after a down payment of Rs.2 lakh?

If you are buying Sigma, the base variant of the Maruti Grand Vitara, the bank will give you a loan at the ex-showroom price. After making a down payment of Rs.2 lakh, you will have to take a loan of around Rs.10.16 lakh. If a bank gives you a loan of Rs 10.16 lakhs at 9% interest for seven years, you will only have to pay a monthly EMI of Rs 16352 for the next seven years.

Kia Syros Vs Maruti Brezza: Who Beats the Engine, Features and Price? Read full comparison before buying SUV

If you take a car loan of Rs 10.16 lakh for seven years at 9 percent interest, you will have to pay an EMI of Rs 16352 every month for seven years. According to this calculation, you will have to shell out Rs 3.57 lakh in interest alone for the base variant of the Maruti Grand Vitara, the Sigma, over seven years. After this the total cost of your car including ex-showroom, on-road and interest will be approximately Rs 15.73 lakh.