Maruti Suzuki India has announced an increase in the prices of its vehicles effective February 1. Consequently, consumers will need to allocate a larger budget for both the more affordable and premium models. Therefore, there is an opportunity to purchase vehicles at the current prices until January 31.
For those with budget limitations, financing options through easy loan EMIs are available. If you are considering the New Gen Dzire, we will provide an overview of the monthly EMI calculations based on various interest rates and loan tenures for this sedan. It is noteworthy that the Dzire holds the title of the top-selling sedan in the country. The entry-level variant, LXI MT Petrol, has a starting ex-showroom price of Rs 6.79 lakh.
Typically, banks or financial institutions offer auto loans covering 80% or more of the vehicle’s price. Thus, if you opt for a loan of Rs 6 lakh with a down payment of Rs 79 thousand, we will outline the corresponding EMI amounts. It is important to note that additional costs such as down payment, insurance, and RTO fees will need to be covered out of pocket.
For the base variant LXI MT Petrol of the Maruti Dzire, if you secure a loan of Rs 6 lakh at an interest rate of 8%, the monthly EMIs will be as follows: Rs 18,802 for a tenure of 3 years, Rs 14,648 for 4 years, Rs 12,166 for 5 years, Rs 10,520 for 6 years, and Rs 9,352 for 7 years. Should you choose a loan at an interest rate of 8.5%, the monthly EMIs will be Rs 18,941 for 3 years, Rs 14,789 for 4 years, Rs 12,310 for 5 years, Rs 10,667 for 6 years, and Rs 9,502 for 7 years.
Interest rate is set at 9%
If the interest rate is set at 9%, the monthly EMIs will amount to Rs 19,080 for 3 years, Rs 14,931 for 4 years, Rs 12,455 for 5 years, Rs 10,815 for 6 years, and Rs 9,653 for 7 years.
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