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Maruti Suzuki Celerio Base Variant Available at ₹1 Lakh Down Payment, EMI Starts ₹6,837
Car Finance Plan: Maruti Suzuki offers the Maruti Celerio in the hatchback segment. If you're planning to buy the base variant, how much EMI can you pay each month after making a down payment of just ₹1 lakh? Let's find out.
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.
