Planning to buy new Maruti Swift by making ₹1 lakh down payment? Know how much will be the monthly EMI

Planning to buy new Maruti Swift by making ₹1 lakh down payment? Know how much will be the monthly EMI

by with No Comment Car Review

New Delhi. Maruti Suzuki is the largest car selling company in India and one of its most popular vehicles is Maruti Swift. Due to its stunning looks, excellent features and strong mileage, this vehicle remains the first choice of customers. Many people plan to buy a new car through financing. This makes buying a car easier.

If you are also planning to buy Maruti Swift and are thinking of making a down payment of ₹ 1 lakh, then we will tell you how much monthly installment (EMI) you will have to pay for this car, as well as the entire loan amount. Will also explain mathematics.

Maruti Swift price
Maruti Suzuki has recently launched the new generation Swift, whose ex-showroom price starts from ₹ 6.49 lakh and goes up to ₹ 9.60 lakh. Its base model Swift VXi petrol is available at an ex-showroom price of ₹ 6,49,000, while its on-road price is ₹ 7,37,365. At the same time, its top variant comes at an ex-showroom price of ₹ 9,59,500 and on-road price of ₹ 10,84,744.

EMI calculation of Maruti Swift LXi at ₹1 lakh down payment
If you make a down payment of ₹ 1 lakh to buy Maruti Swift LXi, then you will have to take a loan of ₹ 6,37,365. If you finance this loan at 9% interest rate for 5 years, you will have to pay EMI of ₹ 13,231 every month. You will have to pay a total interest of ₹ 1,56,474 in 5 years, making the total payment ₹ 7,93,839.

EMI plan of Swift top model at ₹2 lakh down payment
If you are planning to buy the top variant of Swift, whose on-road price is ₹ 10,84,744, and you make a down payment of ₹ 2 lakh, then you will have to take a loan of ₹ 8,84,744. If you finance this loan at 9% interest rate for 7 years, you will have to pay EMI of ₹ 14,235 every month. A total interest of ₹ 3,10,972 will have to be paid during this period, and you will have to pay ₹ 11,95,716.

Pay attention to finance plan
This financing plan for buying Maruti Swift gives you the opportunity to choose the option as per your budget. Decide the down payment and loan tenure carefully, so that the monthly installment does not increase your financial burden. It would be better to understand the interest rate and loan conditions thoroughly before purchasing.

Tags: auto news, Car Bike News, car loan

FIRST PUBLISHED: November 19, 2024, 18:31 IST

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Next-gen Maruti Suzuki Swift India launch next month, to get new Z-Series engine

Next-gen Maruti Suzuki Swift India launch next month, to get new Z-Series engine

by with No Comment car updates

By: HT Auto Desk
| Updated on: 15 Apr 2024, 07:54 AM

The fourth-generation Maruti Suzuki Swift is ready to hit the Indian market in May 2024 with a revamped design, new features and a new 1.2-litre Z-Ser

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The fourth-generation Maruti Suzuki Swift is ready to hit the Indian market in May 2024 with a revamped design, new features and a new 1.2-litre Z-Series three-cylinder petrol engine with mild-hybrid technology.

Maruti Suzuki Swift has been making headlines over the last few months. The popular hatchback is all set to receive a completely new generation avatar in May this year, which will come with a revamped design, new features and a new 1.2-litre Z-Series three-cylinder petrol engine with mild-hybrid technology. This is going to be a major update for the Swift after a long time and is expected to boost the appeal of the hatchback further.

The new generation Maruti Suzuki Swift made its global debut at the 2023 Japan Mobility Show. Since then, the hatchback has gone on sale in global markets like Europe and Japan. Now, India is going to be added to that list. The India-spec next-generation Swift would be similar to the global model. However, the new generation Swift sits on the same platform as the current model.

2024 Maruti Suzuki Swift: Exterior

The new Maruti Suzuki Swift, also codenamed YED, comes with a significantly distinctive visual appearance compared to the outgoing model. It gets a new front profile featuring an updated radiator grille flanked by sharper and redesigned LED projector headlamps with integrated LED daytime running lights. The top variant would get LED fog lamps. The bumper too looks different. Moving to the side profile, the hatchback gets new design alloy wheels, and relocated rear passenger door handles. At the back, the new Swift sports redesigned LED taillights and a revamped bumper. The new Swift is expected to come available in new colour options.

2024 Maruti Suzuki Swift: Interior

Moving inside the cabin, the Swift gets a significantly updated dashboard layout sporting a free-standing touchscreen infotainment system and a fully digital instrument cluster. Seat and upholstery materials too come refreshed.

2024 Maruti Suzuki Swift: Safety

On the safety front, the new Swift would come with six airbags, ABS with EBD and ESP as standard, a three-point seatbelt for the second-row centre passenger, reverse parking camera. The India-spec Swift may miss out on the 360-degree camera and ADAS that are available in the global model.

2024 Maruti Suzuki Swift: Powertrain

The new generation Maruti Suzuki Swift gets a new Z-Series 1.2-litre three-cylinder petrol engine, which replaces the current model’s K12 four-cylinder petrol unit. Expect the power and torque output of the new engine to be similar to what the K12 unit generates. The current engine churns out 89 bhp peak power and 113 Nm maximum torque. Expect a five-speed manual unit and AMT option to be available for the new Swift. The biggest highlight would be the mild-hybrid technology that would be available across all the variants.

First Published Date: 15 Apr 2024, 07:54 AM IST


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