New Delhi. Maruti Suzuki is the largest car sales company in India and one of its most popular vehicles is the Maruti Swift. Due to its stunning looks, excellent features and high mileage, this vehicle remains the first choice of customers. Many people plan to purchase a new car through financing. This makes buying a car easier.

If you are also planning to buy a Maruti Swift and want to make a down payment of ₹ 1 lakh, we will tell you how much Monthly Installment (EMI) you have to pay for this car as well as the total loan amount. Will also explain the math.

Maruti Swift price
Maruti Suzuki recently launched the new generation Swift, the ex-showroom price of which starts at ₹ 6.49 lakh and goes up to ₹ 9.60 lakh. The base model Swift VXi petrol engine is available at an ex-showroom price of ₹6,49,000 while the on-road price is ₹7,37,365. At the same time, the top variant costs ₹9,59,500 ex-showroom and ₹10,84,744 on-road.

EMI Calculation of Maruti Swift LXi with ₹1 Lakh Down Payment
If you make a down payment of ₹ 1 lakh to buy Maruti Swift LXi, you will need to take a loan of ₹ 6,37,365. If you finance this loan for 5 years at 9% interest rate, you will have to pay EMI of ₹13,231 every month. You will have to pay a total interest of ₹ 1,56,474 in 5 years, making a total payment of ₹ 7,93,839.

EMI plan of Swift top model with down payment of ₹2 lakh
If you are planning to buy the top variant of Swift whose on-road price is ₹10,84,744 and you are making a down payment of ₹2 lakh, you will need to take a loan of ₹8,84,744. If you finance this loan for 7 years at 9% interest rate, you will have to pay EMI of ₹14,235 every month. Total interest payable during this period is ₹ 3,10,972, you will have to pay ₹ 11,95,716.

Pay attention to the financial plan
This financing plan for Maruti Swift purchase gives you the opportunity to choose the option according to your budget. Determine the down payment and the loan term carefully so that the monthly payment does not increase your financial burden. It would be better to research the interest rate and loan conditions thoroughly before purchasing.

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