Maruti Suzuki S-Presso EMI Plan: Bring Home Car with ₹1 Lakh Down Payment, Pay ₹4,738 Monthly

Maruti Suzuki manufactures different cars in different segments in India. Maruti Suzuki manufactures Maruti S-Presso under the hatchback category. How much EMI per month will you pay if you decide to buy the STD variant and take it home making a down payment of ₹1 lakh? We are providing this information to you in this news.

The base variant, STD, comes at ₹3.50 lakh (ex-showroom). In case you buy this hatchback in Delhi, then you need to pay around ₹16,000 as RTO charges and ₹24,000 as insurance charges. After adding these amounts, the on-road price of Maruti S-Presso STD will be ₹3.94 lakh.

If you purchase the base variant of this hatchback, the bank will finance the ex-showroom price. After making a down payment of ₹1 lakh, you will need to finance approximately ₹2.94 lakh from the bank. If you are given ₹2.94 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹4,738 per month for the next seven years.

If you take out a car loan from the bank for ₹2.94 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹4,738 per month for seven years. Thus, over seven years, you will pay approximately ₹1,04,000 as interest for the STD variant of the Maruti S Presso. The total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹4.97 lakh.

Maruti's S-Presso is offered in the hatchback segment. It competes directly with cars like the Maruti Alto K10, Renault Kwid, and Hyundai Grand Nios i10.