Maruti Suzuki is one of the biggest Indian manufacturers of cars, with models from different segments available. Maruti Celerio is one of those products. Given that you need to purchase the base variant of the model, how much EMI per month will you be required to pay, assuming a down payment of ₹1 lakh?

Maruti Celerio is available as a hatchback. Its base variant costs ₹4.70 lakh ex-showroom. The on-road cost for Maruti Celerio is around ₹5.25 lakh for the variant in Delhi. This consists of ₹4.70 lakh ex-showroom cost, ₹21,000 as RTO charges, and ₹28,000 as insurance cost.

The bank will provide financing based on the ex-showroom price. So, after making a down payment of ₹1 lakh, you will have to finance approximately ₹4.25 lakh from the bank. If you are given ₹4.25 lakh for seven years at a nine percent interest rate, you will have to pay a monthly EMI of only ₹6,837 for the next seven years.

If you take a car loan from a bank for ₹4.25 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹6,837 per month for seven years. In this case, you'll pay approximately ₹1.49 lakh as interest for the Maruti Celerio over seven years. After that, the total cost of the car, including ex-showroom, on-road, and interest, will be approximately ₹6.74 lakh.

Maruti Suzuki sells the Celerio in the hatchback segment. It competes directly with hatchbacks like the Maruti Wagon R, Maruti S-Presso, Renault Kwid, and Hyundai Grand Nios i10.