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Maruti Eeco EMI Calculation: ₹4.85 Lakh Loan, ₹7,894 Monthly EMI and Total Interest of ₹1.77 Lakh
The Maruti Eeco is offered by Maruti as a van in the Indian market. If you are considering purchasing the base variant, how much EMI will you pay after paying a down payment of ₹1 lakh? Let's find out.
The Maruti Eeco is available from Renault in the van category in the Indian market. If you are planning to buy the base version of this Maruti vehicle, how much would be your monthly EMI if you make the initial payment of ₹1 lakh? We are telling you about this in this piece of news.
The showroom price of the base model of this Eeco available from Maruti is ₹5.28 lakh. The cost of registration charges comes to approximately ₹25,000, while the insurance cost works out to ₹32,000 in the case of purchase in Delhi. Thus, the total on-road price of the Maruti Eeco would be approximately ₹5.85 lakh.
If you are buying the base model of this vehicle, the bank will give financing for the showroom price only. After you make the initial payment of ₹1 lakh, you will be left with financing of approximately ₹4.85 lakh from the bank. When you get ₹4.85 lakh in financing for seven years at 9% interest rate, you will have to make an EMI of ₹7,894 per month for the next seven years.
