Maruti Fronx Sigma EMI Starts at ₹10,793 After ₹1 Lakh Down Payment

Maruti Suzuki, one of the country's leading automakers, sells vehicles in several segments. The manufacturer offers the Maruti Fronx in the compact SUV category. If you are planning to buy the base variant of this SUV, how much EMI can you afford to pay every month after investing a down payment of ₹1 lakh?

Maruti provides the base variant of the Fronx, Sigma, priced at ₹6.85 lakh ex-showroom. The on-road price of the car, if purchased in Delhi, will be around ₹7.70 lakh. This includes the ex-showroom price of the car, which is ₹6.85 lakh, plus ₹48,000 towards RTO charges and ₹38,000 towards insurance charges.

If you buy this car in its base variant, then the bank will finance the ex-showroom price. Thus, after paying a down payment of ₹1 lakh, you will have to finance about ₹6.70 lakh from the bank. If you are given ₹6.70 lakh for seven years at a nine percent interest rate, you will have to pay only ₹10,793 in EMIs per month for the next seven years.

If you take a car loan from a bank for ₹6.70 lakh for seven years at a nine percent interest rate, you will have to pay ₹10,793 in EMIs per month for seven years. In such a situation, in seven years, you will pay around Rs 2.35 lakh as interest for the base variant of Fronx. After which, the total price of the car, including ex-showroom, on-road, and interest, will be around Rs 10.06 lakh.

Maruti Suzuki has brought Fronx to the compact SUV segment. In this segment, it directly competes with SUVs like Maruti Brezza, Hyundai Venue, Kia Sonet, Kia Syros, and Mahindra XUV 3XO. Apart from this, it also faces competition from some hatchback cars in terms of price.