plan to buy by 2022 Maruti Suzuki Ertiga and wondered how much EMI Will you have to pay? Here is a table showing the variant-wise on-road (Delhi) price of the Maruti MPV and the minimum monthly installments taking into account the average tenure, ROI and down payment –
| type | on-road price (Delhi) |
tenure | Rate of interest (estimated) |
below Payment |
EMI |
| lxi | Rupee. 9,36,355 | 5 years | 9.8% | Rupee. 90,000 | Rs 17,899 |
| VXi | Rs 10,62,531 | 5 years | 9.8% | Rs 1,00,000 | Rupee. 20,356 |
| VXi CNG | Rupee. 12,09,437 | 5 years | 9.8% | Rs 1,20,000 | Rs 23,040 |
| zxi | Rupee. 12,26,639 | 5 years | 9.8% | Rs 1,23,000 | Rs 23,341 |
| VXI AT | Rupee. 12,72,511 | 5 years | 9.8% | Rs 1,27,000 | Rs 24,226 |
| ZXi+ | Rupee. 13,06,915 | 5 years | 9.8% | Rs 1,31,000 | Rs 24,869 |
| ZXI CNG | Rupee. 13,35,585 | 5 years | 9.8% | Rs 1,34,000 | Rupee. 25,412 |
| ZXI AT | Rs 13,98,659 | 5 years | 9.8% | Rs 1,40,000 | Rs 26,619 |
| ZXI+ AT | Rs 14,78,936 | 5 years | 9.8% | Rs 1,48,000 | Rs 28,148 |
To make it simple, we chose an average tenure of 5 years/60 months as the standard with an approximate 10% down payment amount and an estimated 9.8% bank interest rate. It is to be noted that the buyer is free to decide the period for which he will take the loan, while the interest rate varies from one bank to another. In addition, you can explicitly choose to pay a higher or lower down payment, which will increase or decrease your Easy Monthly Installment (EMI) respectively.
Maruti Suzuki currently sells the Ertiga in India at a starting price of Rs 8.35 lakh for the entry-level LXI variant, which goes up to Rs 12.79 lakh (both prices, ex-showroom) for the range-topping ZXI+ automatic model . However, the on-road (Delhi) price of the Maruti MPV is currently between Rs 9.36 lakh and Rs 14.79 lakh.
For example, let’s say you decide to buy the mid-level VXi variant of the Maruti Suzuki Ertiga MPV, which currently has an ex-showroom price of Rs 9.49 lakh. If you pay Rs 1 lakh out of Rs 10,62,531 on-road (Delhi) price, you will have to pay Rs 20,356 every month for a period of 60 months (5 years) on the total loan amount. 9,62,531. At the end of the tenure, you would have paid Rs 13,21,360 (inclusive of everything) for the SUV, which also includes an upfront payment of Rs 1 lakh, along with interest over the above period.
Let us know in the comments below if you want to know the loan EMI amount for any other car or SUV of your choice!