Maruti Suzuki Swift Base Variant EMI Breakdown: How Much Will You Pay Monthly?

Maruti Suzuki is one of India's most popular car makers. They have several cars in different segments. Maruti Swift is available in the hatchback segment. If you are interested in purchasing the base model of Maruti Swift, how much EMI would you have to pay every month after making a down payment of ₹2 lakh?

The ex-showroom price of the basic version of the Maruti Swift car is Rs 5.79 lakh. The registration cost will be Rs 24,000, and insurance will be Rs 28,000 if you buy the car in Delhi. After that, the on-road price will be Rs 6.36 lakh.

In case you are purchasing the base model of the Maruti Swift, the bank would provide finance only up to the ex-showroom price. After making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹4.36 lakh from the bank. If the bank provides you with ₹4.36 lakh for seven years at a 9% interest rate, you will have to pay an EMI of only ₹7,027 per month for the next seven years.

If you take out a car loan from the bank for ₹4.36 lakh for seven years at a 9% interest rate, you will have to pay an EMI of ₹7,027 per month for seven years. Thus, over seven years, you will pay approximately ₹1.53 lakh as interest on the base variant of the Maruti Suzuki Swift. The total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹7.90 lakh.

The Swift is offered by Maruti in the hatchback segment. In this segment, the car competes directly with cars like Maruti's Alto K10, S-Presso, Celerio, Wagon R, as well as the Renault Kwid and Tata Tiago. It also faces challenges from some entry-level SUVs like the Renault Kiger, Nissan Magnite, Hyundai Exter, and Tata Punch.