Maruti Baleno Sigma EMI: How Much You’ll Pay Monthly After ₹2 Lakh Down Payment
Car Finance Plan: Maruti Suzuki, one of India's leading automakers, offers the Maruti Baleno in the premium 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 ₹2 lakh (approximately $100,000 in EMIs)? Let's find out.
Maruti Suzuki is one of the major automobile brands in India and produces cars in different segments. The company's model in the premium hatchback segment is the Maruti Baleno. In case your requirement is to purchase the basic model of “premium hatchback” cars, “Sigma,” how much EMI would you be able to pay after making a down payment of ₹2 lakh, or $100,000 approximately?
Maruti has named the base model of the Baleno as the "Sigma." The company has been offering the base model of the upscale hatchback for sale with an ex-showroom price of ₹5.99 lakh. In case you buy the car in Delhi, you will have to shell out the registration and insurance costs along with the above-said price tag of ₹5.99 lakh. To purchase this vehicle, you will have to pay a registration tax of approximately ₹24,000 and insurance charges of approximately ₹35,000. After this, the on-road price of the vehicle in Delhi becomes ₹6.58 lakh.
If you purchase the base variant of the Maruti Baleno, Sigma, the bank will finance the ex-showroom price only. In such a case, after making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹4.58 lakh from the bank. If you are given a loan of ₹4.58 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹7,363 per month for the next seven years.
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If you take a car loan of ₹4.57 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of ₹7,363 per month for seven years. In this case, over seven years, you will pay approximately ₹1.60 lakh as interest for the base variant of the Maruti Baleno, Sigma. After this, the total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹8.18 lakh.
The Baleno is offered by Maruti Suzuki in the premium hatchback segment. In this segment, it competes directly with the Tata Altroz, Toyota Glanza, and Hyundai i20. Furthermore, in terms of price, it faces competition from cars like the Nissan Magnite, Renault Kiger, Maruti Swift, and Fronx.
