Five Things You Must Check Before Taking A Car Loan

Once you have shortlisted your favourite Maruti Suzuki car, the next step is, of course, to look for the best car loan offers to get your car financed. But where should you be looking for the best car loan? Easy! Visit Maruti Suzuki Smart Finance section on the website to avail from a host of car loan offers.

But how do you pick the best car loan? Here are 5 points you must keep in mind before making a decision.

1. Choose an EMI Amount That Suits Your Budget

It is best to have your monthly budget chalked out before you choose a loan for your NEXA car; the loan EMI shouldn’t cause strain on your finances. Thereafter, choose a car loan that comes with a low processing fee.

Maruti Suzuki Smart Finance lets you adjust your EMI according to your budget and preferences, and also offers options for low processing fees with a click.

2. Consider Paying a Higher Down Payment

While periodic payments may seem viable, higher EMIs and longer tenures can put stress on your monthly financial planning. That is why it is wiser to pay a higher amount in down payment.

You can easily finalise the down payment amount at Maruti Suzuki Smart Finance with its EMI Calculator. It quickly calculates the monthly instalments you will pay based on the amount of down payment you enter.

3. Research as Thoroughly as You Can

It is always advisable to go through all the loan offers by various lenders to arrive at the one that suits you the best. Based on where you live, your profile and your requirements, Maruti Suzuki Smart Finance provides a comprehensive list of partners and car loan offers to compare and choose from. You can pick the one with the right interest.

4. Find the Best Car Loan Offers

Once you have decided on a down payment amount, you should make sure that the car loan you have chosen suits you in terms of EMI amount, deduction date, and the loan interest rate. At Maruti Suzuki Smart Finance, you can choose a car loan interest rate and tenure - it will list down loan offers that meet your criteria.

5. The Role of Credit Score Analysis

This is an important good-to-know point. Typically, lenders weigh in your credit score and then provide you with an interest rate. Higher credit scores are linked with lower interest rates. It is best to analyse your credit score and choose a lender that offers a corresponding interest rate. The list of car loans that Maruti Suzuki Smart Finance provides is holistic, thus finding a suitable lender becomes easy and convenient.

Maruti Suzuki Smart Finance is a smart facilitator that enables quick and convenient car loan disbursals. All your car finance needs are taken care of, including choosing from a wide range of loan offers, EMI calculation and customisation, documentation and disbursal. All you need to do is follow the five points mentioned above to choose the best car loan for a smooth start to your car buying and ownership journey.