As India’s largest car manufacturer, Maruti Suzuki firmly holds its ground in the budget-friendly Multi-Purpose Vehicle (MPV) segment with the immensely popular Maruti Ertiga. The Ertiga is a favorite among family car buyers, particularly its CNG variant, which perfectly balances seven-seater practicality with exceptional running costs. If you are planning to purchase the Ertiga CNG, here is a detailed breakdown of the loan and EMI structure for a long-term plan.
Price and Loan Overview
The vehicle being considered is the Maruti Ertiga CNG VXi variant. Its ex-showroom price in Delhi is set at ₹10.76 lakh. After adding a conservative estimate for registration tax (approximately ₹1.25 lakh) and insurance (around ₹33,000), the estimated on-road price of the Ertiga CNG comes to roughly ₹12.78 lakh.
For a customer looking to make a substantial down payment of ₹2 lakh, the remaining amount required for financing would be an auto loan of approximately ₹10.78 lakh.
EMI Calculation for a 7-Year Term
Opting for a longer loan tenure helps significantly reduce the monthly financial burden. Assuming a standard loan period of 7 years (84 months) and an average annual interest rate of 9%, the Equated Monthly Installment (EMI) is calculated as follows:
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Loan Amount: ₹10,78,000
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Interest Rate: 9% per annum
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Loan Tenure: 7 years (84 months)
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Estimated EMI: Approximately ₹17,500 per month
This calculation shows that over the full 7-year term, the total interest paid would be around ₹3.95 lakh, making the Total Payment Amount (Principal + Interest) approximately ₹14.73 lakh.
Note: The actual EMI amount may vary slightly depending on the final interest rate offered by the bank and any additional processing fees.
Engine Performance and Class-Leading Mileage
The Maruti Ertiga CNG is powered by a reliable 1.5-liter K-Series Dual Jet engine. In CNG mode, this engine is tuned to produce 87 bhp of power and 121.5 Nm of torque. Crucially, the Ertiga CNG boasts a fuel efficiency of up to 26.11 km/kg (as certified), which establishes it as the most fuel-efficient MPV in the country, leading to massive savings on running costs.
Key Features and Safety
To ensure a comfortable and secure family travel experience, the Ertiga CNG comes equipped with essential features. Safety is covered by essentials like dual airbags, ABS with EBD (Anti-lock Braking System with Electronic Brakeforce Distribution), and rear parking sensors. For comfort and convenience, it includes a SmartPlay infotainment system, auto AC, and push-button start/stop (in higher variants), making it a well-rounded and practical seven-seater vehicle.