Maruti Alto K10: India’s premier automobile manufacturer, Maruti Suzuki, presents a diverse range of vehicles in the Indian market. Among its offerings, the Maruti Alto K10 stands out as the most affordable car available.
EMI after making a down payment of Rs 1 lakh
If you are considering purchasing the base variant LXI of this hatchback, you may wonder how much your monthly EMI would be after making a down payment of Rs 1 lakh. This article provides the necessary details.
Maruti also features the STD variant as the least expensive automatic option for the Alto K10, priced at an ex-showroom rate of Rs 4.09 lakh. Upon delivery, if the vehicle is purchased in Delhi, additional costs such as registration tax and RTO charges will apply. Approximately Rs 16,000 will be required for RTO fees, along with around Rs 22,000 for insurance. Consequently, the on-road price of the vehicle in Delhi totals Rs 447,591.
When acquiring the most economical variant of the Maruti Alto K10, the bank will finance only the ex-showroom price. Therefore, after the initial down payment of Rs 1 lakh, you will need to secure financing of approximately Rs 347,591 from the bank.
EMI calculation
If the bank provides this amount for a term of seven years at a 9% interest rate, your monthly EMI will be approximately Rs 5,540 for the duration of the loan. Over the seven-year period, you will pay around Rs 1.17 lakh in interest for the STD variant of the Maruti Alto K10. Thus, the total cost of your vehicle, including the ex-showroom price, on-road expenses, and interest, will be approximately Rs 5.65 lakh.
Note: Prices may vary slightly depending on location, dealer, and model variant. It’s always recommended to check with your local dealer for the most accurate pricing and availability information.