Take home a Maruti Swift by paying a down payment of 57 thousand rupees, you have to pay this much EMI

Maruti Swift Lxi Model: considered as the ‘Swift’ value for money car of Maruti Suzuki, the country’s largest car manufacturer. This hatchback of the company is in great demand in the Indian market. The Swift price goes up to Rs 8.02 lakh (ex-showroom). Although your budget is low, you can buy its cheapest model i.e. LXI (Petrol) version.

You can buy this car through Easy EMI. This model is available for just 5.19 lakhs (ex-showroom, New Delhi). If you are thinking of taking this car on EMI, then you can buy it by paying a down payment of Rs 57,000. You will get a loan for five years at an interest rate of 9.8% on this car. Your total loan amount will be Rs 5,16,036. With the interest, you will have to pay a total of Rs 6,54,840.

You have to pay Rs 1,38,804 as interest. To repay this loan, you have to pay an EMI of Rs 10,914 per month. On the other hand, if you take a loan with a term of 6 years, then you have to pay an EMI of Rs 9,508 every month. During this time you will have to pay Rs 1,68,540 as interest. On a loan amount of 5,16,036, you will have to pay a total of Rs 6,84,576 along with interest.