Maruti Suzuki Ciaz Car Loan: Features & Benefits

 

Interest Rate Maruti Suzuki Ciaz Car Loan	8.50% – 10.5 % Per Annum
Loan Amount	Upto 100% of the total amount
Tenure	12 – 84 Months
Lowest EMI per Lakh	Rs 1,666
Processing Fee	Rs 2,500 – Rs 10,000
Prepayment Charges	Varies with Banks

Maruti Suzuki Ciaz Car Loan Eligibility Criteria:

 

Particulars	Details
Minimum Age of the Applicant	18 years
Maximum Age of the Applicant	60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income	Rs. 100000 net annual income. for salaried individuals, and Net profit Rs. 60000 p.m. for Self – Employed individuals
Car Model	Any approved car model
Type of Employment	Salaried or self-employed
Country or Place of Residence	India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence	A minimum of 1 year

 

Maruti Suzuki Ciaz Car Loan EMI Calculator:

Equated Monthly Instalment (acronym – EMI) is the amount to be paid to the Bank/NBFC till the loan is completely repaid. It includes the amount that the bank paid to cover the charges for Maruti Suzuki Ciaz Car Loan* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Maruti Suzuki Ciaz Car Loan. The EMI Calculator would assist you to make an educated and wise decision about the loan amount, the interest rate, the tenure, and the consequents cost of EMIs.

The formula to calculate Maruti Suzuki Car Loan EMI is given below:
E is EMI
P is Principal Loan Amount
r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)
n is loan term / tenure / duration in number of months

*The loan amount for an individual depends on various criteria described above.

Maruti Suzuki Ciaz Car Loan Car- Loan Interest Rate, Fees, and Charges:

Interest Rate	8.25% – 14.26% (Avg – 9.40%)
Processing Fee	Lower of Rs. 10,000 or 0.4% of car loan sanctioned
Foreclosure Charges	3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago)
Documentation Fees	Rs. 600 each time
Penalty for Late Payment	2% each month
Financing Quantum	up to 100% depending on customer profile

Apart from the charges mentioned above, there are a variety of fees associated with car loans. Fees such as stamp duty, road tax, loan cancellation fees, loan bank transfer fees, etc.
These various charges are the same for all lenders. However, there could be minor differences that are subject to regional charges.

Maruti Suzuki Ciaz Car Loan Documents Required

Documents required for a car loan are as followed:

• Identification proof
• Proof of age
• Address proof
• Application form
• Passport size photograph
• Income proof
• Bank statement
• Proforma Invoice
• Signature verification proof

 Maruti Suzuki Ciaz Car Loan Documents Required for Salaried Professionals:

 

Document	Requirement
Identity Proof	Aadhaar card PAN card Driving License Passport Voter ID
Address Proof	Aadhaar card Passport Driving License Voter ID Family card (ration card) Utility bill (Electricity, water, or telephone) Life insurance policy The applicant’s name must be present on the ration card or utility bill.
Age Proof	Birth certificate School transfer certificate Std. 10 mark sheet Aadhaar card
Income Proof	Salary slips Form 16 Income tax return document
Bank Statement	3 to 6 months bank statement
Signature Verification Proof	Banks have separate forms for applicants to fill up along with their signature
Proforma Invoice	This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car.

 

Maruti Suzuki Ciaz Car Loan Car Loan Documents for Self-Employed Individuals:

 

Document	Requirement
Identity Proof	Aadhar card PAN card Passport Voter ID Driving license
Address Proof	Aadhar card Passport Voter ID Driving license Ration card Utility bill (telephone, electricity, or water) Life insurance policy
Age Proof	Birth certificate School transfer certificate Marksheet Aadhaar card
Bank Statement	3-6 months bank statement
Business Ownership Proof	To prove that the business is under operation, the following can be provided: Office address proof Maintenance bill Utility bill Additionally, the applicant must also provide a copy of the business registration license.
Proof of Income	Income tax returns for up to 2 years Audited balance sheet Profit-loss statement
Signature Verification Proof	Most banks have separate forms to prove the signature of the individual.
Proforma Invoice	A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan.

 

Maruti Suzuki Ciaz:

Rs. 8.52 – 11.50 Lakh*
*- Ex-showroom price New Delhi

Maruti Suzuki Ciaz Price:

Maruti Suzuki Ciaz sells between the price range of Rs. 8.52 Lakh* – Rs. 11.50 Lakh*, and has 8 variants to offer. The base model of Maruti Suzuki Ciaz is Sigma (Petrol/ Manual) and the most expensive variant is Maruti Suzuki Ciaz Alpha AT (Petrol/ Automatic) that is priced at Rs 11.50 Lakh*.

*- Ex-showroom price New Delhi

Maruti Suzuki Ciaz Ex-showroom price New Delh:

Variant	Ex-Showroom Price
Sigma 1462 cc, Manual, Petrol, 20.65 kmpl	Rs.8.52 Lakh
Delta 1462 cc, Manual, Petrol, 20.65 kmpl	Rs.9.16 Lakh
Zeta 1462 cc, Manual, Petrol, 20.65 kmpl	Rs.9.85 Lakh
Alpha 1462 cc, Manual, Petrol, 20.65 kmpl	Rs.10.30 Lakh
Delta AT 1462 cc, Automatic, Petrol, 20.04 kmpl	Rs.10.36 Lakh
S 1462 cc, Manual, Petrol, 20.65 kmpl	Rs.10.41 Lakh
Zeta AT 1462 cc, Automatic, Petrol, 20.04 kmpl	Rs.11.05 Lakh
Alpha AT 1462 cc, Automatic, Petrol, 20.04 kmpl	Rs.11.50 Lakh

Down payment Required For Maruti Suzuki Ciaz Car Loan:

The down payment is the difference between the On-Road Price of the Maruti Suzuki Ciaz Car Loan and the loan amount. The principal and length of the loan are significant factors in deciding the interest rate. One can also negotiate a lower interest rate on their loan with the lender. The lender generally finances 90% of the Maruti Suzuki Ciaz’s on-road price. Some consumers may also be eligible for 100% financing.

Please contact your nearest Bank/Dealer to know more about the down-payment amount required, as this varies with the region and the bank that is preferred.

About Maruti Suzuki Ciaz:

Maruti Suzuki Ciaz is the intelligent and sensible mid-sized sedan. The car seat 5 and is available in the price range of Rs 8.52 – Rs. 11.50 Lakh. Maruti Suzuki Ciaz has a 1.5 Lt Petrol engine that is smooth and responsible. It is BS 6 compliant, is available in 8 variants, and has two modes of transmission available – Manual and Automatic. Ciaz leads the segment in petrol efficiency thanks to Maruti Suzuki’s Smart Hybrid system.
The ground clearance is 170 mm, and it possesses a boot space of 510 litres.

Maruti Suzuki Ciaz Mileage:

Fuel Type	Transmission	ARAI Mileage
Petrol (1462 cc)	Manual	20.65 kmpl
Petrol (1462 cc)	Automatic (Torque Converter)	20.04 kmpl

How to get Maruti Suzuki Ciaz Car Loan:

1. Visit the official page of Dialabank
2. Go to the Car Loan option and provide the required information.
3. Our relationship manager will get in touch with you over your application.
4. Please Contact Dialabank at 9878981166 for further queries.

Maruti Suzuki Ciaz News:

-Maruti Suzuki Ciaz-based Toyota Sedan Likely To Arrive By End Of 2021

The Toyota sedan based on Maruti Suzuki Ciaz is expected by the end of 2021. It is likely to be called Toyota Belta.

Maruti Suzuki Ciaz Car Loan FAQs :

✅ What is the Minimum and Maximum Loan Amount for Maruti Suzuki Ciaz Car Loan?

The minimum loan amount is Rs 1,00,000 and the maximum loan amount is Loan up to 90% of On Road Price.

✅ What is the Maruti Suzuki Ciaz Car Loan Tenure?

1 year – 7 years is the loan tenure for Maruti Suzuki Ciaz Car Loan.