Auto Desk, New Delhi. Maruti Suzuki, one of India's leading automobile manufacturers, sells vehicles in many segments. Maruti Baleno is offered by the manufacturer in the premium hatchback car segment. If you are also planning to bring home the base variant Sigma of this premium hatchback car, then after making a down payment of Rs 2 lakh, it can be brought home by paying EMI of how many rupees every month. We are telling you in this news.
Sigma is offered by Maruti as the base variant of Baleno. The manufacturer is making the base variant of this premium hatchback available for sale at an ex-showroom price of Rs 5.99 lakh. If it is purchased in Delhi, then along with the ex-showroom price of Rs 5.99 lakh, registration and insurance will also have to be paid on it. To buy this car, you will have to pay registration tax of around Rs 24 thousand and insurance of around Rs 35 thousand. After which the on road price of the vehicle in Delhi becomes Rs 6.58 lakh.
How much EMI after down payment of Rs 2 lakh?
If you buy Sigma, the base variant of Maruti Baleno, then the financing will be done by the bank at the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to finance an amount of around Rs 4.58 lakh from the bank. If the bank gives you Rs 4.58 lakh for seven years with nine percent interest, then you will have to pay EMI of only Rs 7363 every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 4.57 lakh from a bank for seven years with an interest rate of nine percent, then you will have to pay EMI of Rs 7363 every month for seven years. In such a situation, in seven years you will pay around Rs 1.60 lakh as interest for the base variant Sigma of Maruti Baleno. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 8.18 lakh.
Baleno is brought by Maruti Suzuki in the premium hatchback car segment. In this segment, it competes directly with Tata Altroz, Toyota Glanza, Hyundai i20. Apart from this, in terms of price, it faces challenge from cars like Nissan Magnite, Renault Kiger, Maruti Swift, Fronx.