Maruti Suzuki brings out Maruti Victoris as a mid-sized SUV. How much would be your EMI, if you intend to purchase the base model and pay an initial down payment of ₹1,00,000?

There are a number of models of Maruti Victoris, but the base variant among these is Maruti Victoris LXI. Its ex-showroom price comes to ₹10.50 lakh. In Delhi, there would be about ₹1.07 lakh payable towards registration fees. The insurance charge would be ₹42,000, while the TCS charge would come to ₹10,499. So, on road cost comes to ₹12.16 lakh.

If you purchase the base variant of this car, the bank will finance the ex-showroom price only. So, after making a down payment of ₹1 lakh, you will have to finance approximately ₹11.16 lakh from the bank. If you are given ₹11.16 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹17,959 per month for the next seven years.

If you take out a car loan from the bank for ₹11.16 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹17,959 per month for seven years. Thus, over seven years, you will pay approximately ₹3.92 lakh as interest on the Maruti Victori. After this, the total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹16.08 lakh.

Maruti Suzuki offers the Victoris as an SUV that measures over four meters. The vehicle competes directly with the Maruti Grand Vitara, as well as the Kia Seltos, Hyundai Creta, Honda Elevate, Mahindra XUV 700, and Scorpio N.