Maruti Suzuki Artiga Finance Plan: Maruti Ertiga is a popular MPV in the Indian market, known for its great space, stylish design and excellent mileage. If you are planning to buy this car and are thinking of taking a loan of Rs 8 lakh, then you need to know what your monthly EMI will be. Also, complete information about its features and finance plan is also given here. So in this article, let us tell you all the information related to the finance plan so that you can easily understand all the information.
Key premium features of Maruti Suzuki Ertiga
We want to tell you all that Maruti Ertiga is a great car in its segment, which proves to be an excellent option for the family. Modern technology and comfortable experience have been taken care of in it. Its main features are as follows.
Engine and performance : Maruti Ertiga is powered by a 1.5-liter petrol engine that generates 103 bhp of power and 137 Nm of torque. This engine comes with both manual and automatic gearbox options.
Mileage : This MPV offers a mileage of 20.51 kmpl in the petrol version, while in the CNG version its mileage is up to 26.11 km/kg.
Space and Comfort : It has a 7-seater configuration, making it an ideal choice for long journeys. Apart from this, its cabin also gets premium upholstery and advanced infotainment system.
Safety Features : In terms of safety, it includes features like dual airbags, ABS with EBD, reverse parking sensor and hill hold assist.
Infotainment and Connectivity : The 7-inch touchscreen infotainment system comes with Android Auto and Apple CarPlay connectivity.
Affordable price of Maruti Suzuki Ertiga
Friends, the ex-showroom price of Maruti Ertiga starts from Rs 8.64 lakh and goes up to Rs 13.08 lakh. The on-road price may vary according to states and variants. If you are thinking of buying it by taking a loan of Rs 8 lakh, then you have to calculate the down payment and EMI correctly.
If you take a loan of Rs 8 lakh to buy Maruti Ertiga, the EMI will depend on your loan tenure and interest rate. Typically, the interest rate can range from 8% to 10%. Below is the EMI calculation as per the tenure of 3 years, 5 years and 7 years.
- Interest rate for 3 year tenure : 8% p.a.
- Monthly EMI: Around Rs 25,000
- Total payout: Around Rs 9 lakh
If you keep the loan tenure short, there is interest saving but the monthly EMI is higher.
- Interest rate for 5 year tenure: 8.5% p.a.
- Monthly EMI: Around Rs 16,500
- Total payout: Around Rs 9.9 lakh
This tenure is most commonly chosen as it maintains a balance between the monthly EMI and the total interest.
- Interest rate for 7 year tenure : 9% p.a.
- Monthly EMI: Around Rs 13,000
- Total payout: Around Rs 10.9 lakh
Increasing the loan tenure reduces the monthly EMI but the total payment is higher. So, keep your income and monthly budget in mind while choosing the loan tenure.
Conclusion – Maruti Suzuki Artiga Finance Plan
Friends, Maruti Ertiga is a great MPV for Indian families, which is extremely popular due to its price, features and finance schemes. If you take a loan of Rs 8 lakh to buy it, your EMI can be between Rs 13,000 to Rs 25,000 depending on the loan tenure and interest rate. Keep in mind your monthly income, expenses and future plans while choosing a loan.
Let us tell you that Maruti Ertiga will not only give you a comfortable travel experience, but it also fits in your budget. Its advanced features and attractive finance options make it a perfect family car.