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Are you planning to buy the new Maruti Suzuki Baleno and wondering how much EMI you will have to pay? Here is a table showing the price of sedan on road (Delhi) by variant, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a down payment –
| Variant | On-road prices (Delhi) |
Mandate | Interest rate | Advance payment | NDE |
| Sigma | Rs7,34,560 | 5 years | 9.8% | 70,000 rupees | 14,055 rupees |
| Delta | Rs8,26,846 | 5 years | 9.8% | 80,000 rupees | 15,795 rupees |
| Delta AMT | Rs8,81,790 | 5 years | 9.8% | 88,000 rupees | 16,788 rupees |
| Zeta | Rs 9,29,021 | 5 years | 9.8% | 93,000 rupees | 17,681 rupees |
| Zeta AMT | Rs 9,83,960 | 5 years | 9.8% | 98,000 rupees | 18,737 rupees |
| Alpha | Rs 10,33,392 | 5 years | 9.8% | Rs 1,03,000 | 19,677 rupees |
| AMT alpha | Rs 10,88,323 | 5 years | 9.8% | Rs 1,09,000 | 20,711 rupees |
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.
Suppose you decide to buy the top-end Alpha MT variant of the Baleno (ex-showroom price – Rs 9.21 lakh). If you pay Rs 1.03 lakh as down payment on the price of Rs 10,33,392 on road (Delhi), you will end up paying Rs 19,677 as EMI for a period of 60 months (5 years) against a total loan amount of Rs 9,30,392. At the end of the term, you would have paid Rs 12,83,620 (all inclusive) for the car, which also includes the deposit paid at the time of purchase.
Let us know in the comments below if you want to know the EMI for any other car, scooter or bike of your choice.
