Car Loan for Maruti Suzuki WagonR: Features & Benefits
In the economical hatchback section, the Maruti Suzuki WagonR one of the longest-running car model offered by Maruti Suzuki in India. Maruti Suzuki WagonR is a popular choice among nuclear family purchasers. Maruti Suzuki WagonR Car Loan is a good option for consumers who do not have the necessary funds to purchase a Maruti Suzuki WagonR.
| Features | Maruti Suzuki WagonR 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 WagonR Car Loan Eligibility Criteria
In order to acquire a Maruti Suzuki WagonR Car Loan, candidates must fulfil some pre-set conditions, that include:
| 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 WagonR Car Loan EMI Calculator
The EMI calculator for the Maruti Suzuki WagonR Car Loan is the most important tool for understanding a loan because it allows applicants to calculate the exact monthly payment they will have to make over the course of their credit.
It allows applicants to figure out how much they’ll have to pay each month over the course of their credit term.
The EMI for a Maruti Suzuki WagonR car loan is calculated differently depending on the technique used.
The most common debt repayment method is EMI debts, which entails paying a sliding scale of interest on the outstanding loan amount at or after the end of each month.
To summarise, all institutions calculate the EMI that will be paid to the loan borrower using the same basic approach.
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 WagonR Car Loan Interest Rate, Fees, and Charges
A Maruti Suzuki WagonR car loan, like any other loan, has some hidden costs that the borrower must cover in order for the loan to be authorised. The following are the costs:
| 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 WagonR Car Loan
If an application meets all of the loan’s eligibility requirements, the applicant will be asked to provide supporting proof to substantiate his claims and meet certain credit and legal standards before the loan is issued. The following paperwork is required:
| 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 WagonR
| ARAI Mileage | 20.52 kmpl |
| Fuel Type | Petrol |
| Engine Displacement (cc) | 1197 |
| Max Power (bhp@rpm) | 81.80bhp@6000rpm |
| Max Torque (nm@rpm) | 113Nm@4200rpm |
| Seating Capacity | 5 |
| TransmissionType | Automatic |
| Boot Space (Litres) | 341 |
| Fuel Tank Capacity | 32.0 |
| Body Type | Hatchback |
| Service Cost (Avg. of 5 years) | Rs.3,165 |
Key Specs of Maruti Suzuki WagonR
| 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 |
| Wheel Covers | Yes |
Maruti Suzuki WagonR Latest Update
Maruti has raised the cost of the WagonR by Rs 15,000 across the board.
The WagonR ranges in pricing from Rs 4.80 lakh to Rs 6.33 lakh (ex-showroom Delhi).
The Maruti WagonR is available in three trim levels: LXi, VXi, and ZXi.
Maruti WagonR Maruti offers two petrol engine options for the WagonR: a 1.0-litre and a 1.2-litre. The former generates 68PS and 90Nm, while the latter generates 83PS and 113Nm. Both engines are compatible with 5-speed manual and AMT transmissions. A CNG version of the WagonR is also available, with a 1.0-litre engine producing 60PS and 78Nm.
The following are the claimed fuel economy figures:
- 21.79kmpl 1.0-litre MT/AMT
- 32.52 km/kg for a 1.0-litre CNG
- 20.52kmpl 1.2-litre MT/AMT
Features of the Maruti WagonR include a 7-inch touchscreen infotainment system with Android Auto and Apple CarPlay, manual air conditioning, all four power windows, keyless entry, and radio and phone controls positioned on the steering wheel.
A driver airbag, ABS with EBD, and rear parking sensors are all standard safety equipment on the Maruti WagonR.
The Hyundai Santro, Tata Tiago, Datsun GO, and Maruti Suzuki Celerio are all competitors for the Maruti WagonR.
Maruti Suzuki WagonR Car Loan is a means of enhancing the affordability of a wide variety of interested customers.
Maruti Suzuki WagonR Price
In the Indian mid-size hatchback vehicle segment, Maruti Suzuki WagonR 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 Suzuki WagonR.
In New Delhi, the Maruti WagonR starts at Rs. 4.80 lakh. The cheapest model is the Maruti WagonR LXI, while the most expensive model is the Maruti WagonR ZXI AMT 1.2, which costs Rs. 6.33 lakh.
Specifically, Maruti Celerio and Maruti Swift prices in New Delhi start at Rs. 4.65 lakh and Rs. 5.73 lakh, respectively.
Maruti Suzuki WagonR 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 WagonR.
Prices of Maruti Suzuki WagonR Ex-showroom Delhi
| VARIANTS | ON-ROAD PRICE |
| Wagon R VXI Opt | Rs. 5.71 Lakh |
| Wagon R ZXI AMT 1.2 | Rs. 6.97 Lakh |
| Wagon R CNG LXI | Rs. 6.15 Lakh |
| Wagon R VXI 1.2 | Rs. 6.07 Lakh |
| Wagon R LXI | Rs. 5.29 Lakh |
| Wagon R VXI AMT Opt | Rs. 6.24 Lakh |
| Wagon R VXI Opt 1.2 | Rs. 6.14 Lakh |
| Wagon R VXI AMT 1.2 | Rs. 6.60 Lakh |
| Wagon R ZXI 1.2 | Rs. 6.44 Lakh |
| Wagon R CNG LXI Opt | Rs. 6.19 Lakh |
| Wagon R VXI AMT Opt 1.2 | Rs. 6.68 Lakh |
| Wagon R LXI Opt | Rs. 5.36 Lakh |
| Wagon R VXI AMT | Rs. 6.17 Lakh |
| Wagon R VXI | Rs. 5.66 Lakh |
About Maruti Suzuki WagonR
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 WagonR was the leader for the hatchback segment. Maruti Suzuki WagonR is the preference of a large number of people that wish to buy a mid-size hatchback.
Mid-size hatchbacks are designed for a middle-class section of society, and it provides an opportunity for these people to own a car for their family with a good budget value.
Maruti Suzuki WagonR Car loan is an added advantage to the interested customers that want to buy the still available Maruti Suzuki WagonR.
Maruti Suzuki WagonR Mileage
The new Maruti Suzuki WagonR is a vehicle that is only available in petrol. A standard manual transmission (MT) and an automatic transmission (AT) are available on the Maruti Suzuki WagonR (AT).
- The claimed maximum mileage under ARAI is 21.79 kmpl
- Maruti Suzuki WagonR Petrol fuel economy is 21.79 kmpl
| Fuel Type | Transmission | ARAI Mileage |
| Petrol | Manual | 21.79 kmpl |
| Petrol | Automatic | 21.79 kmpl |
| CNG | Manual | 32.52 km/kg |
How to get Maruti Suzuki WagonR Car Loan
Customers seeking a mid-size hatchback from a respected vehicle manufacturer might consider the Maruti Suzuki WagonR. All banks and non-bank financial organisations may find themselves unable to fund the car’s worth for their consumers.
Because it is a custom-made loan, customers should choose the Maruti Suzuki WagonR Car Loan. Maruti Suzuki WagonR Car Loan is a loan that allows Maruti Suzuki WagonR customers to get fast cash.
Dialabank, India’s First Financial Helpline, is the quickest and most convenient option for potential consumers to apply for a Maruti Suzuki WagonR Car Loan, saving them time and effort.
To find the best car loan for all kinds of four-wheelers, visit the Dialabank website.
OR
Call us at Dialabank: 9878981166
Maruti Suzuki WagonR Car Loan News
2021-05-06:
The prices of certain Maruti Suzuki models have been hiked by up to Rs 22,500. If you want to buy a car from one of its Arena shops, the greatest prices are on the WagonR LXi model, which costs up to Rs 53,000. The Celerio does not have a monetary discount, although there are discounts of up to Rs 18,000 available. There is just a Rs 3,000 corporate discount on the Ertiga.
2021-04-19:
In April, Maruti Suzuki joined the list of carmakers that increased the pricing of their models, claiming growing input costs as the cause. Arena and NEXA shops would experience an average price rise of 1.6 per cent on the majority of models they sell. Except for the facelifted WagonR and S-Cross, Maruti has upped the cost of all of its vehicles. It has announced a 1.6 per cent hike in ex-showroom Delhi prices for all models. The price of various models rises or falls depending on the version. The greatest hike is Rs 22,500 for Ertiga CNG. A NEXA automobile now costs Rs 20,000, which is a huge increase.
2021-01-15:
Maruti will launch the new Alto and Celerio vehicles in 2021. The facelifted WagonR is likely to be revealed by the automaker in February. On the S-Cross, Maruti is providing a maximum discount of Rs 67,000. Discounts of up to Rs 44,000 are offered on the S-Presso, Celerio, and Ignis. On both the WagonR and the Dzire Special Editions, bonuses of up to Rs 24,000 are offered.
FAQs Maruti Suzuki WagonR Car Loan
✅ Does Maruti Suzuki WagonR have any separate variant?
Officially, the Maruti Suzuki WagonR has a number of variants as it offers has combination options for selecting from fuel type and transmission options.
✅ What is the Maruti WagonR’s precise on-road price?
WagonR’s on-road pricing in Delhi begins at Rs. 5,29,312. RTO fees and insurance are included in the on-road pricing.
✅ Which is the superior automobile, the WagonR or the Celerio?
The WagonR costs Rs 4.80 lakh ex-showroom, while the Celerio costs Rs 4.65 lakh ex-showroom. Both the cars belong to the same segment and the same manufacturers. Maruti Suzuki WagonR Car Loan enhances the affordability of the car as compared to Celerio.
✅ What would the Maruti WagonR’s EMI or down payment be?
The Maruti WagonR Car Loan EMI starts at Rs 10,475 per month for a loan amount of Rs 4.95 lakh with a 60-month term and a down payment of Rs 55,000.
✅ Is there a sunroof on the Maruti WagonR?
The Maruti WagonR lacks a sunroof.
