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  1. Rahul Singh
  2. New Car Deals & Offers
  3. Thursday, February 13 2020
I am first time car buyer (yet to learn driving). I can pay sum of 1 lakh as Down payment at purchase of vehicle and I have max EMI capacity of 8000 Per Month. so with this constraints which car would be a god fit. Which bank would be good for loan and what would be ROI.
I have a small family of 4 people and would like to use my car for daily city commute (50KM) and once in month 1000 KM out-station trip.
I have my personal liking for Amaze and Swift but do not know which variant would fit in my budget.

Can you help ?
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Hello,

Considering same the car you intending to buy with
> Rs 8000 EMI per month and
> Rs 1 Lakh down payment
for a loan tenure of 7 years from SBI

can have Rs 6 Lakh Car as what to be in budget. SBI has the lowest interest rates and can choose in through SBI Yono app
Refer - SBI Car Loan Interest Rates where can get in as low as 8.4% Interest Rates

I think the best family buy car in 6 Lakh would be Altroz XE Rhythm Pack basis
> Build Quality
> Handling
> Suspension
> Features
and Altroz XE Rhythm Pack basis On road price list can be a good pick

Alternatively Honda Amaze EMT base model can be available post discounts and dealer level negotiation by slight increasing EMI , or if you seek Swift Vxi then increase your EMI from Rs 8000 to Rs 9000 and with Rs 1 Lakh as down payment the car would be available in your budget

Note - All prices taken from Delhi On road perspective
Hope should help !!


  1. more than a month ago
  2. New Car Deals & Offers
  3. # 1
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