Maruti Suzuki Alto Car Loan

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Maruti Suzuki Alto Car Loan

Maruti Suzuki Alto Car Loan: Features & Benefits

The key features of the Maruti Suzuki Alto Car Loan are as follows:

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 Suzuki Alto Car Loan Eligibility Criteria

The eligibility criteria to avail of a Maruti Suzuki Alto 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 Suzuki Alto 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 Suzuki Alto 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 Suzuki Alto Car Loan

If an applicant meets all of the eligibility criteria of the Maruti Suzuki Alto 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 Suzuki Alto 

Maruti Suzuki Alto Car

Engine and Transmission

Engine Type F8D Petrol Engine
Displacement (cc) 796
Max Power 40.3bhp@6000rpm
Max Torque 60Nm@3500rpm
No. of cylinder 3
Valves Per Cylinder 4
Valve Configuration DOHC
Fuel Supply System MPFi
Turbo Charger No
Super Charge No
TransmissionType Manual
Gear Box 5 Speed
Drive Type FWD

Fuel & Performance

Fuel Type CNG
Mileage (ARAI) 31.59
Fuel Tank Capacity (Kgs) 60.0
Emission Norm Compliance BS VI

Suspension, Steering & Brakes

Front Suspension McPherson Strut
Rear Suspension 3-Link Rigid Axle
Shock Absorbers Type Gas Filled
Steering Type Power
Steering Column Collapsible
Steering Gear Type Rack & Pinion
Turning Radius (Metres) 4.6 metres
Front Brake Type Disc
Rear Brake Type Drum
Dimensions & Capacity
Length (mm) 3445
Width (mm) 1515
Height (mm) 1475
Boot Space (Litres) 177
Seating Capacity 4
Ground Clearance Unladen (mm) 160
Wheel Base (mm) 2360
Front Tread (mm) 1295
Rear Tread (mm) 1290
Kerb Weight (Kg) 850
Gross Weight (Kg) 1185
No of Doors 5

Maruti Suzuki Alto Car Price

The Maruti Alto 800’s price ranges from Rs. 2.99 lakh to Rs. 4.60 lakh. Maruti Alto 800 is available in eight models, with the base model being STD and the top version being Maruti Alto 800 LXI Opt S-CNG, which costs Rs. 4.60 lakh.

Prices of Maruti Suzuki Alto Car Ex-showroom Delhi

Variant Specs
Ex-Showroom Price
STD 796 cc, Manual, Petrol, 22.05 kmpl Rs.2.99 Lakh
STD Opt 796 cc, Manual, Petrol, 22.05 kmpl Rs.3.04 Lakh
LXI 796 cc, Manual, Petrol, 22.05 kmpl Rs.3.76 Lakh

Down payment required for Maruti Suzuki Alto Car Loan

  • For a Maruti Alto 800 STD at a loan rate of 9.8%, the down payment is Rs.35,319 for an EMI amount of Rs.6,729.
  • For a Maruti Alto 800 STD Opt at a loan rate of 9.8%, the down payment is Rs.35,873 for an EMI amount of Rs.6,825.
  • For a Maruti Alto 800 LXI at a loan rate of 9.8%, the down payment is Rs.43,629 for an EMI amount of Rs.8,296.
  • For a Maruti Alto 800 LXI Opt at a loan rate of 9.8%, the down payment is Rs.44,097 for an EMI amount of Rs.8,395.
  • For a Maruti Alto 800 VXI at a loan rate of 9.8%, the down payment is Rs.46,477 for an EMI amount of Rs.8,856.

About Maruti Suzuki Alto

Maruti Suzuki’s Alto 800 has a price range of Rs 3 lakh to Rs 4.48 lakh, with various on-road prices in different cities. It can accommodate 4 to 5 people at a time. The boot has a capacity of 177 litres. The rear seats can be folded down into a table. You make adjustments based on your requirements. In 2021, the company is expected to release an improved version of the Alto 800 with a few more features. The Maruti Suzuki Alto 800 is a budget hatchback that has received a new look. A new infotainment system, keyless entry, more boot space, two front airbags, a large air intake capability, a front slim grille, and eye-shaped headlamps are among the highlights.

New Safety & Security Features which are found on Every model of Maruti Suzuki Alto

You can experience peaceful driving with the enhanced safety measures offered by the Maruti Suzuki Alto car. The key features are as follows.

  • ABS with EBD for enhanced safety
  • Smart reverse parking sensors
  • Driver plus co-driver seatbelt remainders
  • Child lock in the rear door

Maruti Suzuki Alto Car Comparison with similar cars

Specs Maruti Alto Renault KWID Maruti Celerio
On Road Price Rs.4,62,504# Rs.5,86,988* Rs.5,19,378#
Engine Type F8D Petrol Engine Petrol Engine K10B Engine
Displacement (cc) 796 999 998
Max Power (bhp@rpm) 47.3bhp@6000rpm 67bhp@5500rpm 67.04bhp@6000rpm
Max Torque (nm@rpm) 69Nm@3500rpm 91Nm@4250rpm 90Nm@3500rpm
No Of Cylinder 3 3 3
Valves Per Cylinder 4 4 4
Valve Configuration DOHC DOHC DOHC
Fuel Supply System MPFi MPFi MPFi
Transmission Type Manual Automatic Manual
Gear Box 5 Speed 5 Speed 5 Speed
Drive Type FWD FWD FWD
Fuel Type Petrol Petrol Petrol
Mileage (ARAI) 22.05 kmpl 22.0 kmpl 21.63 kmpl
Fuel Tank Capacity 35.0 (Litres) 28.0 (Litres) 35.0 (Litres)

Maruti Suzuki Alto Car Mileage

Fuel Type Transmission ARAI Mileage
CNG (796 cc) Manual 31.59 km/kg
Petrol (796 cc) Manual 22.05 kmpl

How to get Maruti Suzuki Alto Car Loan

Dialabank, India’s First Financial Helpline, is the fastest option to apply for a car loan for a Maruti Suzuki Alto Car. People who are applying here will save time and money as a result of this. To get a car loan, you must visit the site www.dialabank.com. Dialabank can also be contacted by calling 9878981166.

Maruti Suzuki Alto News

Dec 15, 2020 – Year-end Discounts Of Up To Rs 54,000 On Entry-level Hatchbacks In December 2020

Entry-level hatchbacks are a popular choice among buyers as they have priced up to Rs 5 lakh and offer adequate features. Maruti is the clear leader in this segment with the Alto and S-Presso doing quite well. Alto is still among the best selling cars in India. Renault Kwid is also in demand as it comes with many more features than Maruti cars. The Redi-GO is the least popular model in this segment.

Oct 02, 2020 – Cars For The Price Of A Motorcycle: Used Cars To Buy Under Rs 1 Lakh

The coronavirus has locked us up at home. Even when we’re allowed to step out, social distancing and avoiding human contact is critical. In such a scenario, depending on a crowded bus, metro or train for your daily commute means putting yourself and your family at risk.  You might have considered getting yourself a two-wheeler for a hassle-free commute. But, what if you could get a set of four wheels for the same price? What’s more, these cars are known to be reliable and easy on the pocket to fix, should something go wrong.

Maruti Suzuki Alto FAQs

What is Alto’s on-road price?

In Delhi, the on-road price of the Alto begins at 3.38 lakh and goes up to 5.12 lakh. Ex-showroom fee, RTO registration, road tax, and insurance are all included in the on-road price.

✅ Between the Alto and the Kwid, which is the better car?

The Alto starts at 3.00 lakh ex-showroom and has a 796cc engine, while the Kwid starts at 3.18 lakh ex-showroom and has a 799cc engine. Compare the two models to determine which one is the better fit for you.

What is the price of the top-of-the-line Alto model?

The top model of the Alto is the LXi (O) CNG, which costs 4.61 lakh ex-showroom.

What is the Maruti Suzuki Alto’s mileage?

The Maruti Suzuki Alto has a mileage range of 22.05 to 31.59 kilometres per kilograms.