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Can you bring home a Baleno car for Rs 4,999 this Diwali? Understand the math
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News18•10-10-2026, 10:20
Can you bring home a Baleno car for Rs 4,999 this Diwali? Understand the math
- •The on-road price of the base variant of the Maruti Baleno is approximately Rs 6,62,452.
- •To get an EMI of around Rs 5,000, you must make a massive down payment ranging between Rs 3.50 lakh and Rs 3.80 lakh.
- •The remaining loan amount of about Rs 3,20,000 needs to be taken for 84 months at a 9 percent interest rate.
- •Low installment offers are usually backed by smaller loan amounts and specific financial conditions that buyers must analyze beforehand.
Key Questions Answered
To secure a low monthly installment of approximately Rs 5,000 on the base variant of the Maruti Baleno, buyers must make a massive down payment ranging between Rs 3,50,000 and Rs 3,80,000 and finance the remaining amount through a long-term loan.
Achieving an EMI of roughly Rs 5,000 typically involves taking a car loan of around Rs 3,20,000 for a maximum tenure of 84 months (7 years) at an assumed interest rate of 9 percent.
Attractive advertisements for low monthly installments do not mean the car is cheap; instead, they usually involve smaller loan amounts, special finance schemes, or longer tenures that increase the overall interest paid to the bank.
