By Admin 
Maruti Grand Vitara On Car Loan: Maruti Grand Vitara is a great 5-seater car. The price of this SUV of Maruti starts from Rs 10.77 lakh and goes up to Rs 19.72 lakh. There is no need to make full payment at once to buy Grand Vitara, this car can also be purchased on car loan. For the loan, initially an amount will have to be deposited as down payment and the remaining amount will have to be deposited in the bank every month as EMI.
How much EMI will have to be paid on a three year loan?
The cheapest model of Maruti Grand Vitara is priced at Rs 10.77 lakh. You can get a loan of around Rs 10 lakh for this car. To buy this Maruti car, you will have to deposit Rs 1.08 lakh as down payment. If you have to deposit more than this amount as down payment, then your monthly EMI amount may be reduced.
- If a loan is taken for three years to buy Maruti Grand Vitara and the interest on this loan is 9 percent, then EMI of about Rs 31 thousand will have to be deposited every month.
- If you take a loan for four years to buy this Maruti car, then you will have to pay Rs 24,000 every month at 9 percent interest.
- If you take a loan for Grand Vitara for five years, an installment of about Rs 20 thousand will have to be deposited every month.
- If you take a loan for six years to buy this car, then you will have to pay an EMI of around Rs 17,500 every month.
Before buying this car of Maruti Grand Vitara on loan, it is important to read all the documents carefully. Due to different policies of the bank and the car company, there may be a difference in the down payment and EMI rates.
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