Drive Home Celerio LXi: Check EMI for Base Variant with Rs 1 Lakh Down Payment

India's leading vehicle manufacturer Maruti Suzuki sells vehicles in many segments. The manufacturer sells Maruti Suzuki Celerio in the hatchback segment. If you are planning to buy its base variant and bring it home, then after making a down payment of just Rs 1 lakh, how much EMI can you pay every month to bring home a budget segment hatchback car? Let's find out.

Maruti Celerio Price
Maruti Suzuki offers Maruri Celerio in the hatchback car segment. Its base variant can be purchased at an ex-showroom price of Rs 5.64 lakh. If you buy it in Delhi, its on-road price becomes around Rs 6.36 lakh. In this price, apart from the ex-showroom price of Rs 5.64 lakh, around Rs 45 thousand will have to be paid for RTO and around Rs 27 thousand for insurance.

How much EMI after down payment of Rs 1 lakh
If you buy the base variant of this car, then the bank will finance it at the ex-showroom price only. In such a situation, after making a down payment of Rs 1 lakh, you will have to get an amount of about Rs 5.36 lakh financed from the bank. If the bank gives you Rs 5.36 lakh for seven years with nine percent interest, then you will have to pay an EMI of only Rs 8627 every month for the next seven years.

Own a Maruti Celerio

If you take a car loan of Rs 5.64 lakh from the bank for seven years at an interest rate of 9%, then you will have to pay an EMI of Rs 8627 every month for seven years. In such a situation, you will pay around Rs 1.88 lakh as interest for Maruti Suzuki Celerio in seven years. After which you will pay around Rs 8.24 lakh for the total price of the car including ex-showroom, on road and interest.

Bring Home Celerio Lxi
Maruti Suzuki makes Celerio available for sale in the hatchback car segment. It is offered at a very low price. In such a situation, it competes directly with hatchback cars like Maruti Wagon R, Maruti S Presso, Renault Kwid and Hyundai Grand Nios i10