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.