Know About New Maruti Suzuki Baleno EMI Loan on Rs 70,000 Down Payment: Details Explained

The Maruti Suzuki Baleno has been one of the best selling cars in the Indian market since its arrival. Maruti recently introduced an update for the premium sedan that made it more modern and added a host of new features. Maruti is currently selling the new Baleno at a starting price of Rs 6.49 lakh, which goes up to Rs 9.71 lakh (both prices, ex-showroom). However, the on-road (Delhi) price of the premium hatch ranges from Rs 7.35 lakh to Rs 10.88 lakh
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
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.

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