Maruti Celerio CNG On-Road Price ₹6.88 Lakh; EMI Under ₹10,000 with Minimal Down Payment

Among the leading automakers in India, Maruti Suzuki sells vehicles across multiple segments. In the hatchback segment, the sale of the Maruti Suzuki Celerio is on. If you are planning to purchase the CNG variant, how much EMI do you pay every month, after making a down payment of just ₹1 lakh? 

Maruti Suzuki sells the Maruti Celerio in the hatchback segment. You can buy its CNG variant for an ex-showroom price of ₹5.98 lakh. If you buy it in Delhi, it comes to an on-road price of about ₹6.88 lakh. Other than ₹5.98 lakh as the ex-showroom price, you need to pay around ₹57,000 for RTO and ₹32,000 for insurance.

If you purchase the CNG variant of this vehicle, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹1 lakh, you will have to finance an amount of approximately ₹5.88 lakh from the bank. If the bank gives you ₹5.88 lakh for seven years at 9% interest, you will have to pay an EMI of only ₹9,460 per month for the next seven years.

If you take a car loan of Rs 5.88 lakh from a bank for seven years at an interest rate of 9%, you will have to pay an EMI of Rs 9460 every month for seven years. In this case, you will pay around Rs 2.06 lakh as interest for the Maruti Suzuki Celerio in seven years. After which, you will pay a total price of the car, including ex-showroom, on-road, and interest, which will be around Rs 8.94 lakh.

Maruti Suzuki sells the Celerio in the hatchback car segment. It is offered at a very low price. As such, it competes directly with hatchback cars like Maruti Wagon R, Maruti S Presso, Renault Kwid and Hyundai Grand Nios i10.