Maruti Swift is one of the most popular hatchback cars in India. Known for its sporty design, smooth performance, and reliable brand value, the Swift has been the top choice of middle-class families as well as young buyers. Now, with easy finance plans, you can take home a Maruti Swift Automatic with just ₹1 lakh down payment. In this article, we will explain the full EMI calculation, price details, and the offers available so that you can easily understand how much it will cost you monthly.
Maruti Swift Automatic – Why It’s Popular
The Maruti Swift Automatic is offered with an AMT (Auto Gear Shift) option. This means you don’t have to worry about frequent gear changes in city traffic. It combines the comfort of an automatic with the mileage of a manual. Here are some reasons why buyers love the Swift Automatic:
- Stylish and sporty design.
- Powerful yet fuel-efficient petrol engine.
- Affordable automatic option.
- Spacious cabin and good boot space.
- Low maintenance cost due to Maruti’s wide service network.
Price of Maruti Swift Automatic in India
The ex-showroom price of Maruti Swift AMT starts around ₹7.50 lakh and goes up to ₹9.70 lakh depending on the variant. After including RTO registration, insurance, and other charges, the on-road price of the Swift Automatic in most cities ranges between ₹8.50 lakh to ₹10.50 lakh.
For this EMI calculation, we will take an average on-road price of ₹9 lakh.
Finance Plan – ₹1 Lakh Down Payment
Most banks and NBFCs provide car loans for up to 85–90% of the on-road price. If you pay just ₹1 lakh as down payment, the remaining amount will be financed by the bank.
Example calculation:
- On-road price: ₹9,00,000
- Down payment: ₹1,00,000
- Loan amount: ₹8,00,000
Now let’s calculate the EMI based on different loan tenures.
Full EMI Calculation
For this example, we assume an interest rate of 9% per annum.
- Loan Amount: ₹8,00,000
- Tenure: 5 years (60 months)
- Interest Rate: 9%
EMI for 5 years = approx ₹16,610 per month
EMI for Different Tenures:
- 3 years (36 months) → ₹25,440 per month
- 5 years (60 months) → ₹16,610 per month
- 7 years (84 months) → ₹12,950 per month
So, if you want a lower EMI, you can choose a 7-year tenure, but if you want to pay off the loan faster, go for 3 years.
Total Loan Repayment
If you choose a 5-year loan, here’s the repayment summary:
- Loan amount: ₹8,00,000
- EMI: ₹16,610 × 60 months = ₹9,96,600
- Total interest paid: ₹1,96,600
- Total cost (car price + interest): ₹10,96,600
This means you will pay around ₹2 lakh extra as interest over 5 years.
Offers Available
Many Maruti dealers and banks offer special finance schemes during festive seasons and big sales. Some current offers include:
- Low down payment offers starting from ₹1 lakh.
- Zero processing fee on loans from selected banks.
- Exchange bonus up to ₹30,000 if you sell your old car.
- Corporate discounts for employees of certain companies.
- Festive cashback on insurance and accessories.
These offers may vary depending on your city and the dealer.
Is It Worth Buying Swift Automatic on EMI?
Yes, the Maruti Swift Automatic is a good option for those who want a stylish, fuel-efficient, and reliable hatchback. With just ₹1 lakh down payment, you can drive home a car that is easy to maintain and fun to drive. The EMI plans make it affordable for middle-class families and young professionals.
Conclusion
If you are planning to buy a Maruti Swift Automatic, you don’t need to worry about paying the full price at once. With just ₹1 lakh down payment, you can own this popular car and pay the rest in easy EMIs starting from around ₹12,950 per month (depending on loan tenure).
This flexible finance plan, along with exchange offers and discounts, makes the Swift Automatic one of the best value-for-money hatchbacks in India.
So, if you are looking for a stylish, fuel-efficient, and comfortable car, the Maruti Swift Automatic with this EMI scheme could be the perfect choice for you.
