How to Calculate Your Monthly EMI for the New Maruti Suzuki Dzire: Loan Options at Various Interest Rates
The new Maruti Suzuki Dzire is a popular compact sedan with a starting ex-showroom price of ₹6.79 lakh for the LXI MT petrol variant. If you’re planning to buy this car through an auto loan, it’s important to know how different interest rates and loan tenures can affect your monthly EMI. Based on a loan of ₹6 lakh (80% of the car’s ex-showroom price) with a down payment of ₹79,000, here’s how the EMI will vary with different interest rates and loan tenures.
Maruti Suzuki Dzire EMI Calculation: 6 Lakh Auto Loan at Various Interest Rates
At 8% Interest Rate:
- 3 years tenure: ₹18,802/month
- 4 years tenure: ₹14,648/month
- 5 years tenure: ₹12,166/month
- 6 years tenure: ₹10,520/month
- 7 years tenure: ₹9,352/month
At 8.5% Interest Rate:
- 3 years tenure: ₹18,941/month
- 4 years tenure: ₹14,789/month
- 5 years tenure: ₹12,310/month
- 6 years tenure: ₹10,667/month
- 7 years tenure: ₹9,502/month
At 9% Interest Rate:
- 3 years tenure: ₹19,080/month
- 4 years tenure: ₹14,931/month
- 5 years tenure: ₹12,455/month
- 6 years tenure: ₹10,815/month
- 7 years tenure: ₹9,653/month
At 9.5% Interest Rate:
- 3 years tenure: ₹19,220/month
- 4 years tenure: ₹15,074/month
- 5 years tenure: ₹12,601/month
- 6 years tenure: ₹10,965/month
- 7 years tenure: ₹9,806/month
At 10% Interest Rate:
- 3 years tenure: ₹19,360/month
- 4 years tenure: ₹15,218/month
- 5 years tenure: ₹12,748/month
- 6 years tenure: ₹11,116/month
- 7 years tenure: ₹9,961/month
What Factors Affect Your Maruti Suzuki Dzire EMI?
When taking an auto loan, the interest rate and loan tenure are the two most important factors that determine your monthly EMI. A lower interest rate or shorter tenure will increase your monthly EMI but reduce the total interest you pay over the loan period. Conversely, a higher interest rate or longer tenure will reduce your monthly EMI but result in higher total interest payments over time.
These EMI calculations are based on a ₹6 lakh loan, which is 80% of the ex-showroom price of the Maruti Suzuki Dzire LXI MT petrol variant, leaving a down payment of ₹79,000 to be paid upfront.
If you plan to buy a Maruti Suzuki Dzire on EMI, consider your monthly budget and long-term financial plans when deciding on the loan tenure and interest rate.
