Maruti Suzuki Celerio Car Loan: Features & Benefits
Interest Rate Maruti Suzuki Celerio Car Loan | 8.50% – 10.5 % Per Annum |
Loan Amount | Upto 100% of the total amount |
Tenure | 12 – 84 Months |
Lowest EMI per Lakh | Rs 1,666 |
Processing Fee | Rs 2,500 – Rs 10,000 |
Prepayment Charges | Varies with Banks |
Maruti Suzuki Celerio Car Loan Eligibility Criteria:
Particulars | Details |
Minimum Age of the Applicant | 18 years |
Maximum Age of the Applicant | 60 years for salaried applicants and 65 years for self-employed applicants |
Minimum Annual Income | Rs. 100000 net annual income. for salaried individuals,
and Net profit Rs. 60000 p.m. for Self – Employed individuals |
Car Model | Any approved car model |
Type of Employment | Salaried or self-employed |
Country or Place of Residence | India (rural/semi-urban/urban areas) |
Duration of Stay in Current Residence | A minimum of 1 year |
Maruti Suzuki Celerio Car Loan EMI Calculator:
Equated Monthly Instalment (acronym – EMI) is the amount to be paid to the Bank/NBFC till the loan is completely repaid. It includes the amount that the bank paid to cover the charges for Maruti Suzuki Celerio Car Loan* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Maruti Suzuki Celerio Car Loan. The EMI Calculator would assist you to make an educated and wise decision about the loan amount, the interest rate, the tenure, and the consequents cost of EMIs.
The formula to calculate Maruti Suzuki Car Loan EMI is given below:
E is EMI
P is Principal Loan Amount
r is the rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)
n is loan term/tenure/duration in number of months
*The loan amount for an individual depends on various criteria described above.
Maruti Suzuki Celerio Car Loan Car- Loan Interest Rate, Fees, and Charges:
Interest Rate | 8.25% – 14.26% (Avg – 9.40%) |
Processing Fee | Lower of Rs. 10,000 or 0.4% of car loan sanctioned |
Foreclosure Charges | 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago) |
Documentation Fees | Rs. 600 each time |
Penalty for Late Payment | 2% each month |
Financing Quantum | up to 100% depending on customer profile |
Apart from the charges mentioned above, there are a variety of fees associated with car loans. Fees such as stamp duty, road tax, loan cancellation fees, loan bank transfer fees, etc.
These various charges are the same for all lenders. However, there could be minor differences that are subject to regional charges.
Maruti Suzuki Celerio Car Loan Documents Required for A Car Loan
Documents required for a car loan are as followed:
- Identification proof
- Proof of age
- Address proof
- Application form
- Passport size photograph
- Income proof
- Bank statement
- Proforma Invoice
- Signature verification proof
Maruti Suzuki Celerio Car Loan Car Loan Documents Required for Salaried Professionals:
Document | Requirement |
Identity Proof | Aadhaar card PAN card Driving License Passport Voter ID |
Address Proof | Aadhaar card Passport Driving License Voter ID Family card (ration card) Utility bill (Electricity, water, or telephone) Life insurance policy The applicant’s name must be present on the ration card or utility bill. |
Age Proof | Birth certificate School transfer certificate Std. 10 mark sheet Aadhaar card |
Income Proof | Salary slips Form 16 Income tax return document |
Bank Statement | 3 to 6 months bank statement |
Signature Verification Proof | Banks have separate forms for applicants to fill up along with their signature |
Proforma Invoice | This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car. |
Maruti Suzuki Celerio Car Loan Car Loan Documents for Self-Employed Individuals:
Document | Requirement |
Identity Proof | Aadhar card PAN card Passport Voter ID Driving license |
Address Proof | Aadhar card Passport Voter ID Driving license Ration card Utility bill (telephone, electricity, or water) Life insurance policy |
Age Proof | Birth certificate School transfer certificate Marksheet Aadhaar card |
Bank Statement | 3-6 months bank statement |
Business Ownership Proof | To prove that the business is under operation, the following can be provided: Office address proof Maintenance bill Utility bill Additionally, the applicant must also provide a copy of the business registration license. |
Proof of Income | Income tax returns for up to 2 years Audited balance sheet Profit-loss statement |
Signature Verification Proof | Most banks have separate forms to prove the signature of the individual. |
Proforma Invoice | A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan. |
Maruti Suzuki Celerio:
Price Ex-showroom, Delhi: Rs. 4.65 Lakh – Rs. 5.90 Lakh
Maruti Suzuki Celerio Price:
Maruti Suzuki Celerio sells between the price range of Rs. 4.65 Lakh – Rs. 5.90 Lakh, and has 12 variants to offer. The base model of Maruti Suzuki Celerio is LXI and the most expensive variant is Maruti Suzuki VXI CNG Optional that is priced at Rs 5.90 Lakh.
Apply for a Maruti Suzuki Car Loan at Dialabank to ease through the financing process.
Prices of Maruti Suzuki Celerio Ex-showroom Delhi:
Variant | Ex-Showroom Price |
LXI
998 cc, Manual, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.4.65 Lakh* |
LXI Optional
998 cc, Manual, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.4.71 Lakh* |
VXI
998 cc, Manual, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.05 Lakh* |
VXI Optional
998 cc, Manual, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.10 Lakh* |
ZXI
998 cc, Manual, Petrol, 21.63 kmpl Waiting period: 2 months |
Rs.5.28 Lakh* |
VXi AMT
998 cc, Automatic, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.55 Lakh* |
VXI AMT Optional
998 cc, Automatic, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.60 Lakh* |
ZXI Optional
998 cc, Manual, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.71 Lakh* |
ZXI AMT
998 cc, Automatic, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.78 Lakh* |
ZXI AMT Optional
998 cc, Automatic, Petrol, 21.63 kmpl Waiting Period: 2 Months |
Rs.5.83 Lakh* |
VXI CNG998 cc, Manual, CNG, 30.47 km/kg
Waiting Period: 2 Months |
Rs.5.85 Lakh* |
VXI CNG Optional998 cc, Manual, CNG, 30.47 km/kg
Waiting Period: 2 Months |
Rs.5.90 Lakh* |
Down payment Required For Maruti Suzuki Celerio Car Loan:
The down payment is the difference between the On-Road Price of the Maruti Suzuki Celerio car loan and the loan amount. The principal and length of the loan are significant factors in deciding the interest rate. One can also negotiate a lower interest rate on their loan with the lender. The lender generally finances 90% of the Maruti Suzuki Celerio’s on-road price. Some consumers may also be eligible for 100% financing.
Please contact your nearest Bank/Dealer to know more about the down-payment amount required, as this varies with the region and the bank that is preferred.
About Maruti Suzuki Celerio:
Maruti Suzuki Celerio possesses the gearbox that presented the concept of AMT to the Indian audiences. Celerio gets a 998CC petrol engine and the power of 68 horses(hp).
The car is offered in three broad engine variants: petrol-manual, petro-AMT, and CNG-manual. It is a 5 seater hatchback offered with 12 variants and is BS6 complaint. Maruti Suzuki Celerio has a kerb weight of 925 kgs, the ground clearance is 165mm, and the boot space is 235 litres.
Maruti Suzuki Celerio Mileage:
Maruti Suzuki Celerio is a fuel-efficient car. The mileage it offers is 21.63 kmpl and 30.37 km/kg.
Fuel Type | Transmission | ARAI Mileage |
---|---|---|
Petrol | Manual | 21.63 kmpl |
Petrol | Automatic | 21.63 kmpl |
CNG | Manual | 30.47 km/kg |
How to get Maruti Suzuki Celerio Car Loan:
- Visit the official page of Dialabank
- Go to the Car Loan option and provide the required information.
- Our relationship manager will get in touch with you over your application.
- Please Contact Dialabank at 9878981166 for further queries.
Maruti Suzuki Celerio News:
– New Maruti Suzuki Celerio launch delayed:
Maruti Suzuki Celerio has been in the works for a long time and was supposed to be launched in May 2021. But the carmaker has postponed the launch due to the effects of the Covid-19. The new Maruti Suzuki Celerio now is expected to hit the market in the third quarter of 2021.
Maruti Suzuki Celerio Car Loan FAQs:
✅ What is the Minimum and Maximum Loan Amount for Maruti Suzuki Celerio Car Loan?
The minimum loan amount is Rs 1,00,000 and the maximum loan amount is Loan up to 90% of On Road Price.
✅ What is the Maruti Suzuki Celerio Car Loan Tenure?
1 year – 7 years is the loan tenure for Hyundai Maruti Suzuki Celerio Loan.
Maruti Suzuki Celerio offers 6 color choices, they are Torque Blue, Silky Silver, Blazing Red, Glistening Grey, Tango orange, and Pearl Arctic White.
✅ When would Maruti Suzuki launch the new Celerio?
The new Celerio model is expected in the third quarter of this year.