Maruti Baleno Car Loan: Features & Benefits
The important features of the Maruti Baleno Car Loan are given below:
|Interest Rate||8.25% to 14.26% (Avg is 9.40%)|
|Processing Fee||1.00%, a minimum of Rs. 5,000 to a maximum of Rs. 10,000|
|Loan Tenure||Upto 7 years|
|Lowest EMI||Rs. 1,556 per lakh|
|Loan Amount||Upto 100% of ex-showroom price|
|Prepayment Charges||5% from 13 to 24 months, 3% after 24 months|
Maruti Baleno Car Loan Eligibility Criteria
The eligibility criteria to avail of a Maruti Baleno Car Loan is given below:
|Age||21 years – 60 years|
|Minimum Annual Income||
|Minimum Credit Score||700 and above|
|Loan Tenure||Upto 7 years|
|Loan to Value Ratio||100% of ex-showroom price|
Maruti Baleno Car Loan EMI Calculator
Many banks offer different types of car loans; the best method for understanding a loan is the Car Loan EMI calculator, which helps borrowers to calculate the specific monthly cost they will have to bear for the length of the loan. To measure the EMI value to be stated to the loan receiver, almost all banks use the same basic formula.
The formula is:
E= P. r. (1+r)n/[(1+r) n -1]
- E: refers to the monthly payment or EMI.
- P: refers to the main amount for which you wish to apply.
- r: refers to the monthly interest rate computed as a percentage of yearly income,
- n: refers to the loan term in months.
Maruti Baleno Car Loan Interest Rate, Fees, and Charges
|Interest Rate||8.25% to 14.26% (Avg of 9.40%)|
|Processing Fee||Less than Rs. 10,000 or 0.4% of car loan sanctioned|
|Foreclosure Charges||3% to 6% that depends on the loan tenure (no foreclosure fees for loans disbursed after 6 months ago)|
|Documentation Fees||Rs. 600 each time|
|Penalty for Late Payment||2% for each month|
|Financing Quantum||Up to 100% depending on customer profile|
Documents Required for Maruti Baleno Car Loan
If an applicant meets all of the eligibility criteria of the Maruti Baleno Car Loan, the loan provider will require the applicant to send some necessary paperwork before the loan can be disbursed in order to verify his statements and satisfy some of the specific norms of loan provision. The necessary documents are:
Engine and Transmission
|Engine Type||1.2L VVT Engine|
|No. of cylinder||4|
|Valves Per Cylinder||4|
|Fuel Supply System||MPFI|
Fuel & Performance
|Fuel Tank Capacity (Litres)||37.0|
|Emission Norm Compliance||BS VI|
Suspension, Steering & Brakes
|Front Suspension||MacPherson Strut|
|Rear Suspension||Torsion Beam|
|Steering Column||Tilt & Telescopic|
|Steering Gear Type||Rack & Pinion|
|Turning Radius (Metres)||4.9|
|Front Brake Type||Disc|
|Rear Brake Type||Drum|
|Boot Space (Litres)||339|
|Ground Clearance Unladen (mm)||170|
|Wheel Base (mm)||2520|
|Front Tread (mm)||1515|
|Rear Tread (mm)||1525|
|Kerb Weight (Kg)||910-935|
|Gross Weight (Kg)||1360|
|No of Doors||5|
Maruti Baleno Price
Maruti Baleno car prices start at Rs. 5.98 lakh and go up to Rs. 9.30 lakh. Maruti Baleno is available in nine different models, with the Sigma being the most affordable and the Maruti Baleno Alpha CVT is worth Rs. 9.30 lakh.
Prices of Maruti Baleno Ex-showroom Delhi
|Sigma||1197 cc, Manual, Petrol, 21.01 kmpl||Rs.5.98 Lakh|
|Delta||1197 cc, Manual, Petrol, 21.01 kmpl||Rs.6.71 Lakh|
|Zeta||1197 cc, Manual, Petrol, 21.01 kmpl||Rs.7.34 Lakh|
Down payment required for Maruti Baleno Car Loan
- For Maruti Baleno Sigma with a loan at a 9.8% rate, the downpayment is Rs.66,976 with an EMI of Rs.12,747 for 60 months.
- For Maruti Baleno Delta with a loan at a 9.8% rate, the downpayment is Rs.76,782 with an EMI of Rs.14,610 for 60 months.
- For Maruti Baleno Zeta with a loan at a 9.8% rate, the downpayment is Rs.83,696 with an EMI of Rs.15,924 for 60 months.
- For Maruti Baleno DualJet Delta with a loan at a 9.8% rate, the downpayment is Rs.85,255 with an EMI of Rs.16,232 for 60 months.
- For Maruti Baleno Delta CVT with a loan at a 9.8% rate, the downpayment is Rs.89,951 with an EMI of Rs.17,120 for 60 months.
About Maruti Baleno
After the S-Cross, the Maruti Baleno Car is the second car sold through Maruti’s Nexa dealership network. The Baleno made its world debut in India and is classified as a sub-four-metre vehicle. It competes against segment leaders such as the Hyundai Elite i20, VW’s Polo, and Honda’s Jazz. There are two engine options for the Baleno: a 1.3-litre diesel and 1.2-litre petrol. The petrol engine is available with either a manual or automatic transmission.
New Safety & Security Features which are found on Every model of Maruti Baleno
The NEXA Safety Shield includes safety features aimed at making it a safer place for all. Dual front airbags and ABS with EBD are included. All of Baleno’s safety features meet or exceed international standards for Full Frontal Impact, Frontal Offset Impact, and Side Impact, providing a daring but secure driving experience. The ISOFIX Child Seat Anchorages in the Baleno provide a supportive and relaxing driving experience, allowing you to focus on your driving rather than worrying about your child’s safety. The Suzuki-Tect Body, which is made of high-tensile steel and disperses any impact to areas of the car other than the centre, has been built into the Baleno. In addition, it also includes Reverse Parking Camera & Sensor.
|Specs||Maruti Baleno||Toyota Glanza||Maruti Swift|
|On Road Price||Rs.10,38,489#||Rs.10,36,508#||Rs.9,28,037#|
|Engine Type||1.2L VVT Engine||Petrol Engine||K series Dual Jet|
|Max Power (bhp@rpm)||81.80bhp@6000rpm||81.80bhp@6000rpm||88.50bhp@6000rpm|
|Max Torque (nm@rpm)||113Nm@4200rpm||113Nm@4200rpm||113Nm@4400rpm|
|No Of Cylinder||4||4||4|
|Valves Per Cylinder||4||4||4|
|Mileage (ARAI)||19.56 kmpl||19.56 kmpl||23.76 kmpl|
|Fuel Tank Capacity||37.0 (Litres)||37.0 (Litres)||37.0 (Litres)|
|Fuel Type||Transmission||ARAI Mileage|
How to get a Maruti Baleno
Dialabank is India’s First Financial Helpline. It is the best choice to get a car loan for a Maruti Baleno Car. Consumers who apply here are able to save time and money as an outcome. To apply for a loan, go to www.dialabank.com. Dialabank can also be contacted by phone at 9878981166.
May 18, 2021 – Save Up To Rs 32,000 On Premium Hatchbacks This May
The VW Polo comes with maximum savings of up to Rs 32,000. Hyundai is even offering the i20 Turbo with an extended warranty worth Rs 12,999. Discounts of up to Rs 31,100 on the Maruti Baleno. Toyota is offering the Glanza with benefits of up to Rs 28,000. All offers are valid until May 31, 2021. Several premium hatchbacks, including the Hyundai i20, Maruti Baleno, and the Volkswagen Polo, are being offered with various discounts until May 31, 2021.
May 10, 2021 – Maruti NEXA Models Get Benefits Of Up To Rs 55,100 This May
The S-Cross gets maximum benefits of up to Rs 55,100. Maruti is offering the XL6 only with a corporate discount of up to Rs 3,000. Discounts of up to Rs 31,100 are offered on the Baleno. All offers are valid for the month of May 2021. We recently brought to you the discounts available on Maruti’s Arena cars for May 2021. The carmaker has also rolled out benefits on its NEXA models including the XL6 and S-Cross.
✅ What is the Maruti Baleno’s exact on-road price?
Baleno’s on-road price in Delhi begins at Rs. 6,57,071. RTO fees and insurance are included in the on-road price.
✅ What are the new Maruti Baleno deals for the month of May?
There are four offers on the Maruti Baleno in Delhi for the month of May 2021.
✅ Baleno or Glanza: Which car is better?
The Baleno costs Rs 5.98 lakh ex-showroom, while the Glanza costs Rs 7.34 lakh ex-showroom. Compare the prices, features, and specifications of these two models.
✅ Is there a sunroof on the Maruti Baleno?
The Maruti Baleno Car lacks a sunroof.
Table of Contents
- 1 Maruti Baleno Car Loan: Features & Benefits
- 2 Maruti Baleno Car Loan Eligibility Criteria
- 3 Maruti Baleno Car Loan EMI Calculator
- 4 Maruti Baleno Car Loan Interest Rate, Fees, and Charges
- 5 Documents Required for Maruti Baleno Car Loan
- 6 Maruti Baleno
- 7 Maruti Baleno Price
- 8 Prices of Maruti Baleno Ex-showroom Delhi
- 9 Down payment required for Maruti Baleno Car Loan
- 10 About Maruti Baleno
- 11 New Safety & Security Features which are found on Every model of Maruti Baleno
- 12 Maruti Baleno Car Comparison with similar cars
- 13 Maruti Baleno Mileage
- 14 How to get a Maruti Baleno car loan
- 15 Maruti Baleno News
- 16 Maruti Baleno FAQs