Know New Maruti Suzuki Baleno loan EMI on Rs 70,000 down payment: Details explained – Times of India

The Maruti Suzuki Baleno is one of the top-selling cars in the Indian market since its arrival. Maruti recently introduced an update for the premium hatchback which made it more modern and added a host of new features. Maruti currently retails the new Baleno at a starting price of Rs 6.49 lakh, which goes all the way 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 would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the hatchback, 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
TenureInterest rateDown paymentEMI
SigmaRs 7,34,5605 years9.8%Rs 70,000Rs 14,055
DeltaRs 8,26,8465 years9.8%Rs 80,000Rs 15,795
Delta AMTRs 8,81,7905 years9.8%Rs 88,000Rs 16,788
ZetaRs 9,29,0215 years9.8%Rs 93,000Rs 17,681
Zeta AMTRs 9,83,9605 years9.8%Rs 98,000Rs 18,737
AlphaRs 10,33,3925 years9.8%Rs 1,03,000Rs 19,677
Alpha AMTRs 10,88,3235 years9.8%Rs 1,09,000Rs 20,711

We have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment, 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.
Let’s assume you decide on purchasing 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 out of the Rs 10,33,392 on-road (Delhi) price, you would 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 tenure, you would have paid Rs 12,83,620 (inclusive of everything) for the car, which also includes the down payment made at the time of the purchase.
Let us know in the comments down below if you would like to know the EMI for any other car, scooter, or bike of your choice.

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