🚐 Maruti Ertiga Car Loan EMI Calculator
MPV (Multi-Purpose Vehicle) - On-road price: Rs. 9.50 lakh-Rs. 14.00 lakh
EMI (20% down)
Rs. 19,098
Loan: Rs. 9.20 lakh | 5 yrs
EMI (30% down)
Rs. 16,710
Loan: Rs. 8.05 lakh | 5 yrs
Total interest (20% down)
Rs. 2.26 lakh
Over 5 years at 9%
Maruti Ertiga - Available variants
Calculate your Maruti Ertiga loan EMI
Popular cars
Approx. mid-variant on-road prices (2026-27). Actual prices vary by city and variant.
Loan amount: ₹9.20 L
Monthly EMI
₹19,098
Loan Amount
₹9.20 L
Total Interest
₹2.26 L
Total Payment
₹11.46 L
Down Payment
₹2.30 L
Total cost of ownership (financing)
On-Road Price
₹11.50 L
Interest Paid
₹2.26 L
Total Cash Out
₹13.76 L
Maruti Ertiga - Key Facts
- -India's best-selling MPV - 7-seater family car at sedan price
- -Ex-showroom: Rs. 8.69-12.39 lakh; on-road adds Rs. 1.5-2L in most cities
- -1.5L petrol engine (K15C series) - SHVS mild hybrid standard
- -Third row is usable unlike many 7-seat SUVs - 998mm third-row legroom
- -CNG variant available at Rs. 1.5L premium - significantly lower running cost
- -Maruti's widespread service network (4,000+ outlets) - low service cost
Depreciation
18% year 1, 12-14% subsequent. Strong resale - MPV demand from taxi market keeps values up. 45-50% residual at 5 years.
Maruti Ertiga EMI by down payment
On a typical on-road price of Rs. 11.50 lakh, at 9% for 5 years. A larger down payment shrinks the loan, the EMI, and the total interest you pay.
| Down payment | Loan amount | Monthly EMI | Total interest |
|---|---|---|---|
| 0% (Rs. 0) | Rs. 11.50 lakh | Rs. 23,872 | Rs. 2.82 lakh |
| 10% (Rs. 1.15 lakh) | Rs. 10.35 lakh | Rs. 21,485 | Rs. 2.54 lakh |
| 20% (Rs. 2.30 lakh) (recommended) | Rs. 9.20 lakh | Rs. 19,098 | Rs. 2.26 lakh |
| 30% (Rs. 3.45 lakh) | Rs. 8.05 lakh | Rs. 16,710 | Rs. 1.98 lakh |
0% down means financing the full on-road price — most banks cap funding near the ex-showroom price, so treat the 0% row as the theoretical maximum EMI. Moving from 0% to 20% down cuts the total interest by Rs. 56,440.
Maruti Ertiga EMI by tenure
For a representative loan of Rs. 9.20 lakh (20% down on Rs. 11.50 lakh) at 9%. A shorter tenure means a higher EMI but far less interest.
| Tenure | Monthly EMI | Total interest |
|---|---|---|
| 3 years | Rs. 29,256 | Rs. 1.33 lakh |
| 5 years (typical) | Rs. 19,098 | Rs. 2.26 lakh |
| 7 years | Rs. 14,802 | Rs. 3.23 lakh |
Stretching this loan from 3 to 7 years lowers the EMI by Rs. 14,454/month but adds Rs. 1.90 lakh in extra interest. Because a Maruti Ertiga loses value every year, pick the shortest tenure your budget can comfortably support.
Total cost of a Maruti Ertiga on loan
On-road price
Rs. 11.50 lakh
what the car costs
+ Total interest
Rs. 2.26 lakh
20% down, 5 yrs at 9%
= Total you pay
Rs. 13.76 lakh
before fuel & upkeep
Financing a Maruti Ertiga with 20% down adds about Rs. 2.26 lakh of interest on top of the Rs. 11.50 lakh price — roughly 20% more — before you count fuel, insurance renewals and servicing. A car is a depreciating asset: its resale value falls every year (see the depreciation note above), so unlike a home loan there is no appreciation to offset the interest. A bigger down payment and a shorter tenure are the two levers that keep you from owing more than the car is worth (negative equity) — aim for at least 20% down and the shortest EMI you can comfortably afford.
FAQs - Maruti Ertiga Car Loan
What is the EMI for a Maruti Ertiga car loan?▾
For a Maruti Ertiga at an on-road price of Rs. 11.50 lakh with a 20% down payment (Rs. 2.30 lakh), the loan amount is Rs. 9.20 lakh. At 9% for 5 years the EMI works out to Rs. 19,098/month and total interest to Rs. 2.26 lakh. Increasing the down payment to 30% lowers the EMI to Rs. 16,710/month.
What is the on-road price of the Maruti Ertiga?▾
Maruti Ertiga on-road price ranges from Rs. 9.50 lakh to Rs. 14.00 lakh depending on variant (LXi, VXi, ZXi, ZXi+) and city. On-road price = ex-showroom price + RTO registration (7-12%) + comprehensive insurance (first year ~Rs. 20,000-50,000) + accessories, if any. The figures on this page use a typical on-road price of Rs. 11.50 lakh.
How much down payment should I pay for a Maruti Ertiga?▾
Banks finance roughly 80-90% of the Maruti Ertiga's on-road price, so a 10-20% down payment is standard and 20-25% is recommended. On Rs. 11.50 lakh: 10% = Rs. 1.15 lakh, 20% = Rs. 2.30 lakh, 30% = Rs. 3.45 lakh. A larger down payment cuts both the EMI and the total interest — see the down-payment table above.
What is the best loan tenure for a Maruti Ertiga?▾
A shorter tenure is better for a depreciating asset like a car. On the Rs. 9.20 lakh representative loan, 3 years costs Rs. 29,256/month (Rs. 1.33 lakh interest) while 7 years drops the EMI to Rs. 14,802/month but raises interest to Rs. 3.23 lakh — about Rs. 1.90 lakh more. Most buyers pick 5 years as a balance; go shorter if your budget allows.
Is the interest rate higher for a used Maruti Ertiga?▾
Yes. A new Maruti Ertiga loan is around 9%, while a used-car loan typically costs 2-4% more (roughly 11.00-13.00%) because an older car is weaker collateral. Used-car loans also usually have shorter maximum tenures and fund a smaller share of the car's valuation, so keep a larger down payment ready.
Does a Maruti Ertiga car loan give any income-tax benefit?▾
No. Salaried buyers get no income-tax deduction on a car loan — a car is treated as a personal, depreciating asset, unlike a home loan. The only exception is self-employed borrowers who use the vehicle for business: they may claim the loan interest and vehicle depreciation as business expenses.
What is the total cost of owning a Maruti Ertiga on loan?▾
With 20% down at 9% over 5 years, you pay Rs. 11.50 lakh of on-road price plus Rs. 2.26 lakh of interest — about Rs. 13.76 lakh in total, or 20% more than the sticker price. On top of that, budget for fuel/charging, insurance renewals (~Rs. 20,000-50,000/year) and servicing to gauge the true cost of ownership.
Can I get a zero down payment (100%) loan on a Maruti Ertiga?▾
Rarely, and it is expensive. Financing the full Rs. 11.50 lakh on-road price pushes the EMI to about Rs. 23,872/month and total interest to Rs. 2.82 lakh — the maximum on this car. Most banks cap funding near the ex-showroom price, so in practice you pay the RTO and insurance (an effective 10-15% down payment) yourself.