Maruti Ignis Base Variant EMI: Pay Around ₹8,000/Month with ₹1 Lakh Down Payment

Maruti Suzuki is the leading car manufacturer in India, manufacturing cars in various segments. The Maruti Ignis, manufactured by Nexa, is a hatchback. What would be your monthly EMI amount for the base model if you have put ₹1 lakh as a down payment?

The Ignis is a hatchback from Maruti. The base model costs ₹5.35 lakh (excluding showroom). However, in Delhi, besides the cost excluding the showroom, you will also have to pay registration and insurance charges. The registration charge amounts to ₹29,000 and the insurance charge comes to ₹30,000. This brings the on-road price of the car in Delhi to ₹5.97 lakh.

If you purchase the base variant of the Maruti Ignis, the bank will finance the ex-showroom price. After making a down payment of ₹1 lakh, you'll need to finance approximately ₹4.97 lakh from the bank. If the bank lends you ₹4.97 lakh for seven years at 9% interest, you'll only have to pay an EMI of ₹8,000 per month for the next seven years.