Maruti Baleno Car Loan

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Maruti Baleno Car Loan

Maruti Baleno Car Loan: Features & Benefits

The important features of the Maruti Baleno Car Loan are given below:

Features Car Loan
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:

Eligibility Requirements Details
Age 21 years – 60 years
Minimum Annual Income
  • For Salaried Individuals: Rs. 0.01 Lakh Lakhs
  • For Self Employed Professionals: Rs. 0.01 Lakh Lakhs
  • For Self Employed Businessmen: Rs. 0.01 Lakh Lakhs
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:

Individual  Documentation
Salaried Employees
  • Two Passport-size photos and a copy of your PAN card
  • Aadhaar, Passport, Driving License, Voter ID, PAN are required for identification proof.
  • Automobile rate quote
  • Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof.
  • 3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit
  • Vehicle Registration and Insurance
Self-Employed Applicants
  • Two Passport-size photos and a copy of your PAN card
  • Aadhaar, Passport, Driving License, Voter ID, and PAN are necessary for identity proof.
  • Car price quote
  • Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport.
  • Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit.
  • Vehicle Registration and Insurance

Maruti Baleno

Maruti Baleno Car

Engine and Transmission

Engine Type 1.2L VVT Engine
Displacement (cc) 1197
Max Power 81.80bhp@6000rpm
Max Torque 113Nm@4200rpm
No. of cylinder 4
Valves Per Cylinder 4
Valve Configuration DOHC
Fuel Supply System MPFI
Turbo Charger No
Super Charge No
TransmissionType Automatic
Gear Box CVT
Mild Hybrid No
Drive Type FWD

Fuel & Performance

Fuel Type Petrol
Mileage (ARAI) 19.56
Fuel Tank Capacity (Litres) 37.0
Emission Norm Compliance BS VI

Suspension, Steering & Brakes

Front Suspension MacPherson Strut
Rear Suspension Torsion Beam
Steering Type Electric
Steering Column Tilt & Telescopic
Steering Gear Type Rack & Pinion
Turning Radius (Metres) 4.9
Front Brake Type Disc
Rear Brake Type Drum
Acceleration 12.36 seconds
0-100kmph 12.36 seconds
Dimensions & Capacity
Length (mm) 3995
Width (mm) 1745
Height (mm) 1510
Boot Space (Litres) 339
Seating Capacity 5
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.

Maruti Baleno Car Comparison with similar cars

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
Displacement (cc) 1197 1197 1197
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
Transmission Type Automatic Automatic Automatic
Gear Box CVT 5-Speed 5-Speed
Fuel Type Petrol Petrol Petrol
Mileage (ARAI) 19.56 kmpl 19.56 kmpl 23.76 kmpl
Fuel Tank Capacity 37.0 (Litres) 37.0 (Litres) 37.0 (Litres)

Maruti Baleno Mileage

Fuel Type Transmission ARAI Mileage
Petrol Manual 23.87 kmpl
Petrol Automatic 19.56 kmpl

How to get a Maruti Baleno car loan

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 Dialabank can also be contacted by phone at 9878981166.

Maruti Baleno News

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.

Maruti Baleno FAQs

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.