Buy Maruti Suzuki Eeco with ₹2 Lakh Down Payment, EMI Starts at Just ₹6,012

Maruti Suzuki, one of India's leading automakers, sells vehicles in several segments. The company retails the Eeco in the van category. If you're interested in buying it, we'll inform you about how much EMI you'll have to pay every month after paying a down payment of ₹2 lakh.

The basic trim of the Eeco is priced by Maruti Suzuki at ₹5.21 lakh, ex-showroom. The on-road price to buy in Delhi is ₹5.73 lakh. The price equates to the ex-showroom price of ₹5.21 lakh, along with RTO charges of ₹21,000 and insurance of ₹32,000.

If you buy the starting petrol engine version of this vehicle, the bank will be financing the ex-showroom amount. So, after paying an initial down payment of ₹2 lakh, you will be left to finance an amount of ₹3.73 lakh with the help of the bank. If you are given ₹3.73 lakh for seven years at a nine percent interest rate, you will have to pay only ₹6,012 per month as EMI for the next seven years.

If you take a car loan of ₹3.73 lakh from the bank for seven years at a nine percent interest rate, you will have to pay ₹6,012 per month as EMI for seven years. Thus, over seven years, you will pay approximately ₹1.31 lakh as interest on the Eeco. After which, you will pay a total price of around ₹7.04 lakh (ex-showroom, on-road, and interest).

Maruti Suzuki offers the Eeco as a van and a seven-seater. It is offered at a very low price. As such, it doesn't directly compete with any other vehicle. However, it faces competition from the Renault Triber MPV in terms of seven-seater capacity and price.