Maruti Suzuki Wagon R EMI Calculator, November 2026: EMI from ₹6,159

Maruti Suzuki Wagon R EMI calculator: what the entry variant costs each month

Maruti Suzuki's own Arena price list, read on 10 November 2026, runs from ₹4,98,900 for the entry variant to ₹7,23,900 for the top one, ex-showroom Delhi. Registration, road tax and insurance, which vary by state, complete the on-road price, so we quote ex-showroom.

• 10% down: a ₹4,49,000 loan (4,98,900 minus 49,900).
• 20% down: a ₹3,99,000 loan (4,98,900 minus 99,900).

Over 5 years the 20% route costs ₹8,033 a month at 7.7% p.a. (UCO Bank's and Bank of Maharashtra's floor for high CIBIL scores) and ₹8,186 at the 8.5% p.a. median of 30 lenders. With 10% down: ₹9,040 and ₹9,212.

3, 5 or 7 years on a ₹3,99,000 loan

Seven years instead of 3 at 7.7% p.a. lowers the EMI by 12,448 minus 6,159, or ₹6,289, while interest more than doubles: 1,18,392 minus 49,130 is ₹69,262 extra.

Rate matters less than tenure here. At 5 years, 8.5% instead of 7.7% adds 8,186 minus 8,033, only ₹153 a month, and 92,166 minus 82,987, or ₹9,179 in interest.

Which lenders start lowest for a Wagon R loan

• UCO Bank: 7.7% to 10.25% p.a.; floor for CIBIL 825 and above; funds up to 90% of on-road.
• Bank of Maharashtra: 7.7% to 12% p.a.; floor for salaried borrowers scoring 800 or more.
• IDBI Bank and Indian Bank: both open at 7.75% p.a. without saying who qualifies.
• Canara Bank: 7.75% p.a. only for women in its top credit grade borrowing above ₹15 lakh; a Wagon R loan starts at 7.80% p.a.
• SBI: 8.55% to 9.5% p.a.; floor for CIC scores of 800 and above over 3 to 5 years; funds up to 100% of on-road.

Every floor and its condition is on our car loan interest rates page.

Changing the preset: another variant, a dealer's quote, your own rate

It opens on the entry variant, 20% down, 8.5% p.a. Type a dearer variant's ex-showroom price, or a dealer's on-road total with the down payment asked for, or the rate on your sanction letter.

It leaves out the processing fee, insurance, accessories and prepayment. The RBI's pre-payment charge directions of 2025 bar any foreclosure or part-payment fee on floating-rate personal car loans sanctioned from 1 January 2026; fixed-rate loans can still carry one. Floating rates track the repo rate, 5.5% since 7 October 2026, so a reset can move the EMI.

How to choose the right car loan: three checks and four mistakes

Check, in order: the rate you actually qualify for (ask your CIBIL band), how much of on-road the lender funds, and a tenure you can carry. Our car loan eligibility guide shows where you stand and the car loan hub lines up the lenders; for loans near this size, see the car loan EMI calculator and the 4 lakh car loan EMI page.

Common mistakes: picking 7 years because the EMI looks easy; comparing floors instead of offers; signing before reading the Key Facts Statement, compulsory since 1 October 2024; and budgeting on ex-showroom alone.