Be aware that Maruti Suzuki Celerio lends EMI on a down payment of Rs 60,000: Details explained

The second generation Maruti Suzuki Celerio was launched in the country in November last year, and the sedan continues to be one of the most popular entry-level sedans in the Indian market. The Celerio is currently priced at Rs 5.25 lakh for the entry-level LXI variant, going up to Rs 7 lakh (both prices, ex-showroom) for the top-end ZXI+ AMT model. However, the on-road price (Delhi) of the Maruti the hatchback is currently between Rs 5.72 lakh and Rs 7.81 lakh.
Plan to buy the 2022 Maruti Suzuki Celerio and you wonder how much EMI would you have to pay? Here is a table showing the on-road (Delhi) price per variant of the Maruti sedan, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a advance payment –

To make it easier for you, we have chosen an average occupancy period of 5 years as standard, as well as a down payment of approximately 10% and an estimated bank interest rate of 9.8%. Note that the buyer is free to decide the duration for which he will take out the loan, while the interest rate varies from one bank to another. Additionally, you can also choose to pay a higher or lower down payment, which will decrease or increase your Easy Monthly Payment (EMI) respectively.
For example, if you were to purchase the VXI MT variant of the Maruti Suzuki Celerio (ex-showroom price – Rs 5.74 lakh), you would end up paying Rs 11,906 as a monthly installment for a period of 5 years with a return on 9.8% investment. , as well as a one-time down payment of Rs 62,000. All added up, you end up paying around Rs 7.76 lakh for the said variant at the end of your loan tenure, which includes on-road price, down payment amount , as well as interest incurred during the aforementioned period.
Let us know in the comments below if you want to know the EMI for any other car, motorcycle or scooter of your choice.