Know 2022 Maruti Suzuki Alto K10 loan EMI on Rs 44,000 down payment: Details explained – Times of India


Maruti Suzuki recently launched the all-new Alto K10 in the Indian market at a starting price of Rs 3.99 lakh, which goes up to Rs 5.83 lakh (both prices, ex-showroom). The entry-level hatch sits above the Alto 800 in the carmaker’s line-up, and puts up against the Renault Kwid, as well as its own siblings Celerio and S-Presso in the country.
Planning to buy the 2022 Maruti Suzuki Alto K10 and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the Maruti hatch, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

VariantOn-road price
(Delhi)
TenureInterest rate
(estimated)
Down paymentEMI
STDRs 4,36,8415 years9.8%Rs 44,000Rs 8,308
LXIRs 5,26,0705 years9.8%Rs 53,000Rs 10,005
VXIRs 5,44,8845 years9.8%Rs 54,000Rs 10,382
VXI+Rs 5,81,4355 years9.8%Rs 58,000Rs 11,070
VXI ATRs 5,98,6365 years9.8%Rs 60,000Rs 11,391
VXI+ ATRs 6,35,1885 years9.8%Rs 64,000Rs 12,080

To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 9.8% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another.
Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your easy monthly installment (EMI) respectively. The on-road (Delhi) price of the Maruti Suzuki Alto K10 currently ranges between Rs 4.37 lakh and Rs 6.35 lakh.
For example, let’s assume you decide on purchasing the VXI variant of the new Alto K10, which currently has an ex-showroom price of Rs 5 lakh. If you pay Rs 54,000 lakh as down payment out of the Rs 5.45 lakh on-road (Delhi) price, you would end up paying Rs 10,382 as EMI for a period of 60 months (5 years) against a total loan amount of Rs 4,90,884. At the end of the tenure, you would have paid Rs 6,76,920 (inclusive of everything) for the hatchback, which also includes the down payment.
Do let us know in the comments down below if you would like to know the EMI for any other car, motorcycle, or scooter of your choice!





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