Maruti Suzuki Alto Car Loan: Features & Benefits
The key features of the Maruti Suzuki Alto Car Loan are as follows:
|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:
|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 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:
Maruti Suzuki Alto
Engine and Transmission
|Engine Type||F8D Petrol Engine|
|No. of cylinder||3|
|Valves Per Cylinder||4|
|Fuel Supply System||MPFi|
|Gear Box||5 Speed|
Fuel & Performance
|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 Gear Type||Rack & Pinion|
|Turning Radius (Metres)||4.6 metres|
|Front Brake Type||Disc|
|Rear Brake Type||Drum|
|Boot Space (Litres)||177|
|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
|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
|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|
|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|
|Fuel Supply System||MPFi||MPFi||MPFi|
|Gear Box||5 Speed||5 Speed||5 Speed|
|Mileage (ARAI)||22.05 kmpl||22.0 kmpl||21.63 kmpl|
|Fuel Tank Capacity||35.0 (Litres)||28.0 (Litres)||35.0 (Litres)|
|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.
Table of Contents
- 1 Maruti Suzuki Alto Car Loan: Features & Benefits
- 2 Maruti Suzuki Alto Car Loan Eligibility Criteria
- 3 Maruti Suzuki Alto Car Loan EMI Calculator
- 4 Maruti Suzuki Alto Car Loan Interest Rate, Fees, and Charges
- 5 Documents Required for Maruti Suzuki Alto Car Loan
- 6 Maruti Suzuki Alto
- 7 Maruti Suzuki Alto Car Price
- 8 Prices of Maruti Suzuki Alto Car Ex-showroom Delhi
- 9 Down payment required for Maruti Suzuki Alto Car Loan
- 10 About Maruti Suzuki Alto
- 11 New Safety & Security Features which are found on Every model of Maruti Suzuki Alto
- 12 Maruti Suzuki Alto Car Comparison with similar cars
- 13 Maruti Suzuki Alto Car Mileage
- 14 How to get Maruti Suzuki Alto Car Loan
- 15 Maruti Suzuki Alto News
- 16 Maruti Suzuki Alto FAQs