Maruti Fronx Sigma Variant Costs ₹7.7 Lakh On-Road; Know EMI and Interest Details
Car Finance Plan: Maruti Suzuki, one of the country's leading automakers, offers the Maruti Fronx as a compact SUV. If you're considering purchasing the base variant of this vehicle, how much monthly EMI will you pay after making a down payment of ₹2 lakh? Let's find out.
Maruti Suzuki, one of the country's leading automakers, sells vehicles in several segments. Maruti Fronx Compact SUV is a compact SUV provided by the manufacturer. What will be your monthly EMI if you are planning to purchase its base variant and can pay an upfront of ₹2 lakh?
Maruti is offering the base variant of the Fronx, Sigma, for ₹6.85 lakh ex-showroom. In Delhi, it costs approximately ₹7.70 lakh on-road. The calculation includes the ex-showroom price of ₹6.85 lakh, adding about ₹48,000 for RTO and ₹38,000 for insurance.
If you buy the base variant of the car, the bank will finance its ex-showroom price. So, after paying ₹2 lakh as a down payment, you will have to finance close to ₹5.70 lakh from the bank. If you are given ₹5.70 lakh for seven years at a nine percent interest rate, you will have to pay only ₹9,184 in EMIs per month for the next seven years.
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If you take a car loan from a bank for ₹5.70 lakh for seven years at a nine percent interest rate, you will have to pay ₹9,184 in EMIs per month for seven years. In such a situation, in seven years, you will pay around Rs 2 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 9.71 lakh.
Maruti Suzuki has launched Fronx in 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.
