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Maruti Suzuki Victoris Base Variant EMI Plan Explained: ₹1 Lakh Down Payment, ₹17,959 Monthly EMI for 7 Years
If you plan to buy the base variant of the Maruti Suzuki Victoris with a ₹1 lakh down payment, the on-road cost comes to around ₹12.16 lakh. Financing ₹11.16 lakh at 9% interest for 7 years results in an EMI of about ₹17,959. The total ownership cost, including interest, rises to approximately ₹16.08 lakh.
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.
