The festive season in India brings not only celebrations but also exciting car deals, and this year Maruti Suzuki has announced price cuts on several popular models. For buyers taking auto loans, these discounts can significantly impact affordability, EMI calculations, and the overall cost of ownership.
Impact of Price Cuts on Loan Buyers
Reduced Loan Amount
Lower car prices mean buyers need a smaller loan to purchase their preferred model.
For example, a ₹50,000 price reduction on a model reduces the principal loan amount, which in turn lowers monthly EMIs.
Lower Interest Outgo
With a reduced loan principal, total interest paid over the loan tenure also decreases, saving buyers money.
Better EMI Flexibility
Buyers can choose shorter tenures or lower EMIs without compromising on car choice, enhancing affordability during the festive season.
Enhanced Negotiation Power
Loan buyers can negotiate for better insurance or accessories deals when combined with festive discounts.
Popular Maruti Suzuki Models on Discount
Maruti Suzuki Swift – ₹20,000–₹40,000 off depending on variant
Baleno – ₹30,000–₹50,000 off
Ertiga – ₹50,000 off on select trims
Vitara Brezza – ₹40,000 off in top variants
These cuts are in addition to bank finance offers, cashback deals, and extended warranty options, making the festive season an attractive time to buy.
Tips for Loan Buyers During Festive Deals
Check EMI Calculators – Compare different tenures and interest rates to see how price cuts reduce EMIs.
Compare Loan Offers – Banks and NBFCs often provide festive loan schemes with lower interest rates.
Factor in Down Payment – Even a small increase in down payment combined with price cuts can dramatically reduce EMIs.
Read Loan Terms Carefully – Check for prepayment options, hidden charges, or processing fees.
Conclusion
Maruti Suzuki’s festive price cuts provide significant financial relief for car buyers taking loans. By lowering loan principal, EMIs, and total interest outgo, these deals make car ownership more accessible during the festive season. Buyers should combine these discounts with bank offers and EMI calculators to maximize savings and enjoy a hassle-free purchase experience.
FAQs
Q1: How do festive price cuts affect car loan EMIs?
Price reductions lower the principal loan amount, which reduces monthly EMIs and total interest payable.
Q2: Are these discounts available across all Maruti Suzuki models?
Discounts are offered on selected models and variants. Buyers should check dealership announcements for specific details.
Q3: Can I combine festive price cuts with other bank offers?
Yes, in most cases, buyers can combine price cuts with finance offers, cashbacks, and extended warranties.
Q4: Does a lower car price affect loan eligibility?
Generally, a lower loan amount improves eligibility as EMIs become smaller relative to income.
Q5: When is the best time to buy during festive deals?
The initial weeks of the festive season often offer the best combination of discounts and bank finance offers.
Published on : 12th October
Published by : SMITA
www.vizzve.com || www.vizzveservices.com
Follow us on social media: Facebook || Linkedin || Instagram
🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed
https://play.google.com/store/apps/details?id=com.vizzve_micro_seva&pcampaignid=web_share