Car Loan for Maruti Suzuki Swift: Features & Benefits
Maruti Suzuki Swift is a people’s champion in the mid-size hatchback segment. A lot of young car buyers want to buy Maruti Suzuki Swift. Maruti Suzuki Swift Car Loan is a golden opportunity for such buyers that do not have the fund required to buy Maruti Suzuki Swift.
| Features | Maruti Suzuki Swift Car Loan |
| Rate of Interest | 8.25% – 14.26% (Avg – 9.40%) |
| Provision Fee | 1.00% Min Rs. 5,000 Max Rs. 10,000 |
| Loan Time period | Upto seven years |
| Minimum EMI | ₹ 1,556 per lakh |
| Amount of Loan | Upto 100% of ex-showroom price |
| Foreclosure Charges | 5% from 13-24 months, 3% after 24 months |
Maruti Suzuki Swift Car Loan Eligibility Criteria
A Maruti Suzuki Swift Car Loan applicants need to meet a number of requirements in order to secure the loan, these are:
| Eligibility Criteria | Eligibility Details |
| Age | 21 years – 60 years |
| Minimum Annual Income | Salaried: ₹ 10,000
Self Employed Professionals: ₹ 10,000 Self Employed Businessmen: ₹ 10,000 |
| Minimum Credit Score | 700 and above |
| Loan Tenure | Seven years |
| Loan to Value Ratio | 100% of ex-showroom price |
Maruti Suzuki Swift Car Loan EMI Calculator
The most important tool for comprehending a loan is the EMI calculator, which allows applicants to determine the actual monthly payment they will have to make throughout the duration of their credit.
It enables applicants to determine the precise monthly payment they will be required to make throughout the duration of their credit term.
The EMI for a Maruti Suzuki Swift car loan is calculated differently depending on the method chosen.
The most frequent approach is the EMI arrears approach, which comprises paying a sliding scale of interest on the outstanding loan amount at or after the end of each month.
To summarise, all banks utilise the same fundamental procedure to calculate the amount of the Maruti Suzuki Swift Car Loan EMI that will be paid to the loan holder.
E= P. r. (1+r)n/[(1+r) n -1]
- The monthly payment, often known as an EMI, is denoted by the letter E.
- The principal amount for which you desire to apply is denoted by the letter P.
- the monthly interest rate expressed as a proportion of annual revenue denoted by the letter R;
- The loan period is expressed in the Number of months denoted by the letter n.
Maruti Suzuki Swift Car Loan Interest Rate, Fees, and Charges
Maruti Suzuki Swift car loan like any other loan also has some overhead costs that are required to be paid by the applicant in order to ensure a loan provision. These expenses are:
| 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 |
Documents Required for Maruti Suzuki Swift Car Loan
If an application meets all of the Maruti Suzuki Swift Car Loan’s eligibility requirements, the applicant will be asked to submit supporting documentation to verify his claims and meet certain of the credit and legal requirements before the loan is disbursed. The following paperwork required are:
| Individual | Documentation |
| Salaried Applicant | Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification. Automobile quote Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof. Three months pay stubs, two years Form 16, 3 months bank statement displaying salary credit and any EMI debit. Vehicle Registration and Insurance |
| Self Employed Applicant | Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification. 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, two years of Form 16, 3 months bank statement displaying income credit and any EMI debit. Vehicle Registration and Insurance |
Maruti Suzuki Swift
| ARAI Mileage | 23.76 kmpl |
| Fuel Type | Petrol |
| Engine Displacement (cc) | 1197 |
| Max Power (bhp@rpm) | 88.50bhp@6000rpm |
| Max Torque (nm@rpm) | 113Nm@4400rpm |
| Seating Capacity | 5 |
| TransmissionType | Automatic |
| Boot Space (Litres) | 268 |
| Fuel Tank Capacity | 37.0 |
| Body Type | Hatchback |
| Service Cost (Avg. of 5 years) | Rs.4,703 |
Key Specs of Maruti Suzuki Swift
| Features | Yes/No |
| Power Steering | Yes |
| Power Windows Front | Yes |
| Anti Lock Braking System | Yes |
| Air Conditioner | Yes |
| Driver Airbag | Yes |
| Passenger Airbag | Yes |
| Automatic Climate Control | Yes |
| Fog Lights – Front | Yes |
| Alloy Wheels | Yes |
Maruti Suzuki Swift Latest Update
Maruti Suzuki has unveiled the facelifted Swift.
The Maruti Swift has priced between Rs 5.73 lakh and Rs 8.41 lakh (ex-showroom Delhi).
Maruti Swift Models: The hatchback comes in four different versions: LXi, VXi, ZXi, and ZXi+.
Maruti has fitted the facelifted Swift with the new 1.2-litre DualJet petrol engine that was first seen in the facelifted Dzire. This engine has a 90PS (+7PS) and 113Nm output, as well as an idle start-stop capability for better fuel economy. It comes with the same 5-speed manual and AMT gearboxes as the previous model. The following are the fuel economy numbers for both transmissions:
- 23.20kmpl 1.2-litre MT
- 23.76 kmpl for the 1.2-litre AMT
Features of the Maruti Swift include a new 4.2-inch coloured driver’s display and cruise control, as well as the 7-inch touchscreen infotainment system, height-adjustable driver seat, automatic air conditioning, and LED headlights with LED DRLs.
Maruti Swift Safety: Maruti offers Electronic Stability Control (ESC) and hill-hold control on AMT-equipped Swifts. Dual front airbags, ABS with EBD, and rear parking sensors have all been carried over from the pre-facelift version.
Rivals of the Maruti Swift include the Hyundai Grand i10 Nios, Ford Figo and Freestyle, and Renault Triber.
Maruti Suzuki Swift Price
In the Indian hatchback vehicle segment, Maruti Suzuki Swift is the most sold car, and the market leader in the segment and the new facelift version has added to the already myriad features of the Maruti Swift.
In New Delhi, the Maruti Swift starts at Rs. 5.73 lakh. The cheapest model is the Maruti Swift LXI, while the most expensive variant is the Maruti Swift ZXI Plus DT AMT, which costs Rs. 8.41 lakh.
Compared to the Maruti Baleno, which starts at Rs. 5.98 lakh in New Delhi, and the Tata Tiago, which starts at Rs. 4.99 lakh in New Delhi.
Maruti Suzuki Swift Car Loan is an opportunity that enhances the affordability of a new service car for a large number of regular earners that wish to own a Maruti Suzuki Swift.
Prices of Maruti Suzuki Swift Ex-showroom Delhi
| Swift LXI(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.5,73,000 |
| RTO | Rs.29,629 |
| Insurance | Rs.28,003 |
| Others | Rs.1,485 |
| Optional | Rs.21,349 |
| On-Road Price in New Delhi | Rs.6,32,117 |
| Swift VXI(Petrol)Top Selling | Price Break-up |
| Ex-Showroom Price | Rs.6,36,000 |
| RTO | Rs.51,229 |
| Insurance | Rs.29,925 |
| Others | Rs.1,485 |
| Optional | Rs.23,049 |
| On-Road Price in New Delhi | Rs.7,18,639 |
| Swift VXI AMT(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.6,86,000 |
| RTO | Rs.54,729 |
| Insurance | Rs.31,217 |
| Others | Rs.1,485 |
| Optional | Rs.23,851 |
| On-Road Price in New Delhi | Rs.7,73,431 |
| Swift ZXI(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.6,99,000 |
| RTO | Rs.55,639 |
| Insurance | Rs.31,546 |
| Others | Rs.1,485 |
| Optional | Rs.26,852 |
| On-Road Price in New Delhi | Rs.7,87,670 |
| Swift ZXI AMT(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.7,49,000 |
| RTO | Rs.59,139 |
| Insurance | Rs.32,837 |
| Others | Rs.1,485 |
| Optional | Rs.27,642 |
| On-Road Price in New Delhi | Rs.8,42,461 |
| Swift ZXI Plus(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.7,77,000 |
| RTO | Rs.61,099 |
| Insurance | Rs.33,743 |
| Others | Rs.1,485 |
| Optional | Rs.28,209 |
| On-Road Price in New Delhi | Rs.8,73,327 |
| Swift ZXI Plus DT(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.7,91,000 |
| RTO | Rs.62,079 |
| Insurance | Rs.33,743 |
| Others | Rs.1,485 |
| Optional | Rs.28,209 |
| On-Road Price in New Delhi | Rs.8,88,307 |
| Swift ZXI Plus AMT(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.8,27,000 |
| RTO | Rs.64,599 |
| Insurance | Rs.34,953 |
| Others | Rs.1,485 |
| Optional | Rs.28,952 |
| On-Road Price in New Delhi | Rs.9,28,037 |
| Swift ZXI Plus DT AMT(Petrol) | Price Break-up |
| Ex-Showroom Price | Rs.8,41,000 |
| RTO | Rs.65,579 |
| Insurance | Rs.34,953 |
| Others | Rs.1,485 |
| Optional | Rs.28,952 |
| On-Road Price in New Delhi | Rs.9,43,017 |
About Maruti Suzuki Swift
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is a subsidiary of Suzuki, a Japanese automaker. Between 1981 and 2003, it was owned and operated by the Indian government. In 2003, the Government of India sold it to Suzuki Motor Corporation. It had a 53 per cent market share in the Indian passenger car market as of July 2018.
Maruti Udyog Ltd. and Suzuki of Japan signed a licencing and joint venture agreement (JVA) in 1982. Maruti Suzuki began as primarily an automobile importer.
In India, Maruti Suzuki has an established presence in cars as well as the two-wheelers market. Maruti Suzuki cars are known for there their performance and high affordability. Maruti Suzuki Swift was the leader for the hatchback segment, and it has been the most sold car of the segment. Maruti Suzuki Swift is the preference of a large number of people that wish to buy a compact hatchback.
Maruti Suzuki Swift Car loan is an added advantage to the interested customers that want to buy the still available Maruti Suzuki Swift.
Maruti Suzuki Swift Car Loan, just like any other loan, would require repayment of Maruti Suzuki Swift Car Loan over a duration of time.
Maruti Suzuki Swift Mileage
Maruti Suzuki Swift is an automobile that comes only in petroleum options. The Maruti Suzuki Swift’s transmission options include a standard manual transmission (MT) and Automatic Transmission (AT).
- The claimed maximum mileage under ARAI is 23.76 kmpl
- Maruti Suzuki Swift Petrol fuel economy is 23.2 kmpl
| Fuel Type | Transmission | ARAI Mileage |
| Petrol | Automatic | 23.76 kmpl |
| Petrol | Manual | 23.2 kmpl |
How to get Maruti Suzuki Swift Car Loan
Customers interested in purchasing a mid-size hatchback from a renowned automobile manufacturer will find the Maruti Suzuki Swift to be an excellent choice. All banks and non-bank financial institutions may be unable to fund the car’s worth for their consumers.
Customers should choose the Maruti Suzuki Swift Car Loan since it is a carefully tailored loan. Maruti Suzuki Swift Car Loan is a loan that helps create immediate liquidity for the interested customer of Maruti Suzuki Swift.
To save prospective consumers time and effort, the quickest way to obtain a Maruti Suzuki Swift Car Loan is through Dialabank, India’s First Financial Helpline.
To find the best car loan for all kinds of four-wheelers, visit the Dialabank website.
OR
Call us at Dialabank: 9878981166
Maruti Suzuki Swift Car Loan News
2021-05-06:
Maruti Suzuki has increased the cost of a few models by up to Rs 22,500.
The Swift LXi model offers the most discounts, up to Rs 53,000. The Celerio does not come with a monetary discount, but it does come with discounts of up to Rs 18,000. Only a Rs 3,000 corporate discount is available on the Ertiga.
2021-04-19:
In April, Maruti Suzuki joined the list of carmakers who raised the pricing of their models due to growing input costs. Most models from Arena and NEXA dealerships will see an average price hike of 1.6 per cent across the board.
Except for the facelifted Swift and S-Cross, Maruti has increased the cost of other vehicles. It has announced a 1.6 per cent hike in ex-showroom Delhi pricing across all models. The price increase for various models varies based on the version. The highest increase for Ertiga CNG is Rs 22,500. NEXA automobile prices have increased by much to Rs 20,000.
2021-01-15:
The new Maruti Alto and Celerio will be released in 2021. In February, the manufacturer is anticipated to unveil the facelifted Swift. On the S-Cross, Maruti is providing a maximum discount of Rs 67,000. Discounts of up to Rs 44,000 are available on the S-Presso, Celerio, and Ignis. Both the Swift and the Dzire Special Editions come with up to Rs 24,000 in bonuses. All of the incentives are available until January 31, 2021.
FAQs Maruti Suzuki Swift Car Loan
✅ Does Maruti Suzuki Swift have any separate variant?
Officially Maruti Suzuki Swift has only 2 variants, as it uses only a Petrol engine and but the customers can select the kind of transmission automatic and Manual.
✅ What is Maruti Swift’s precise on-road price?
Swift’s on-road pricing in Delhi begins at Rs. 6,32,117. RTO fees and insurance are included in the on-road pricing.
✅ Swift versus Baleno: which automobile is better?
The Swift costs Rs 5.73 lakh ex-showroom, while the Baleno costs Rs 5.98 lakh ex-showroom. Both automobiles are manufactured by Maruti Suzuki, although they are sold in separate retailers and in distinct automobile categories.
✅ What would Maruti Swift’s EMI or down payment be?
The Maruti Swift EMI starts at Rs 12,445 per month for a loan amount of Rs 5.88 lakh with a 60-month term and a down payment of Rs 65,000.
✅ Is there a sunroof on the Maruti Swift?
The Maruti Swift lacks a sunroof.
