Maruti Suzuki is offering the Victoris as a premium mid-size SUV in the Indian market. The hybrid variant of the SUV has attracted attention due to its fuel-efficient technology, modern features and strong competition in the segment.
If you are planning to bring home the hybrid version of the Maruti Victoris with a down payment of ₹3 lakh, here is a detailed breakdown of the expected EMI, loan amount and total ownership cost.
Maruti Victoris Hybrid Price
The hybrid version of the Maruti Victoris is available in the VXI variant, which comes with an ex-showroom price of ₹16.37 lakh.
For buyers in Delhi, the approximate additional charges include:
- RTO charges: Around ₹1.65 lakh
- Insurance cost: Around ₹42,000
- TCS charges: ₹16,379
After adding all mandatory charges, the estimated on-road price reaches approximately ₹18.69 lakh.
EMI Calculation After ₹3 Lakh Down Payment
If a customer makes a down payment of ₹3 lakh, the remaining amount financed through the bank would be around ₹15.69 lakh.
Estimated Loan Details:
- Loan Amount: ₹15.69 lakh
- Interest Rate: 9% annually
- Loan Tenure: 7 years
Based on these estimates, the monthly EMI would be approximately:
Monthly EMI: ₹25,242
The buyer would need to pay this EMI every month for the next seven years.
Total Interest Paid
Over the seven-year loan tenure, the total interest amount paid to the bank would be around:
Total Interest: ₹5.51 lakh
This means the overall ownership cost of the SUV, including ex-showroom price, on-road charges and interest payments, would increase to approximately:
Total Estimated Cost: ₹24.20 lakh
Rivals in the Segment
The Maruti Victoris competes in the highly competitive mid-size SUV category. Key rivals include:
- Hyundai Creta
- Kia Seltos
- Honda Elevate
- Mahindra XUV700
- Mahindra Scorpio N
- Maruti Grand Vitara
The hybrid technology and fuel efficiency could make the Victoris an attractive option for buyers looking for lower running costs in the long term.
Important Note
The EMI and loan calculations mentioned above are approximate figures based on a 9% interest rate. Actual loan terms, processing charges and monthly installments may vary depending on the bank, credit score and financing conditions.
