{"id":545013,"date":"2026-10-16T16:13:14","date_gmt":"2026-10-16T10:43:14","guid":{"rendered":"https:\/\/www.spinny.com\/blog\/?p=545013"},"modified":"2026-10-16T16:49:41","modified_gmt":"2026-10-16T11:19:41","slug":"how-to-buy-a-used-maruti-baleno-on-loan","status":"publish","type":"post","link":"https:\/\/www.spinny.com\/blog\/how-to-buy-a-used-maruti-baleno-on-loan\/","title":{"rendered":"How to Buy a Used Maruti Baleno on Loan"},"content":{"rendered":"\n<p>Buying a second-hand Maruti Baleno on a car loan enables one to get a comfortable hatchback without having to dip into one\u2019s savings pool. Its spacious interior, fuel economy, and wide Maruti Suzuki service network make it a strong option while searching for a car with good utility in terms of city driving and family use. The various models come at a range of prices, with both automatic and manual transmission options available to choose from. However, selecting the right model cannot be based solely on easy EMI availability. This article assists one in comparing the prices of Maruti Baleno vehicles, working out the EMI, and laying out the down payment amount using Spinny\u2019s information.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#used-maruti-baleno-price-range-in-india\">Used Maruti Baleno Price Range in India<\/a><\/li><li><a href=\"#which-baleno-offers-good-value-for-a-loan-buyer\">Which Baleno offers good value for a loan buyer?<\/a><\/li><li><a href=\"#used-maruti-baleno-emi-calculation\">Used Maruti Baleno EMI Calculation<\/a><\/li><li><a href=\"#how-much-down-payment-do-you-need\">How Much Down Payment Do You Need?<\/a><\/li><li><a href=\"#step-by-step-process-to-buy-a-used-maruti-baleno-on-loan\">Step-by-Step Process to Buy a Used Maruti Baleno on Loan<\/a><\/li><li><a href=\"#summary\">Summary<\/a><\/li><li><a href=\"#fa-qs-about-buying-a-used-maruti-baleno-on-loan\">FAQs about Buying a Used Maruti Baleno on Loan<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"used-maruti-baleno-price-range-in-india\"><strong>Used Maruti Baleno Price Range in India<\/strong><\/h2>\n\n\n\n<p>The price of a used <a href=\"https:\/\/www.spinny.com\/cars\/maruti-suzuki\/baleno\/?utm_source=LoanonBuyingaUsedBaleno&amp;utm_medium=BlogLink\">Maruti Baleno<\/a> is determined by its model year, variant, transmission type, distance travelled and physical condition. Where the car was driven, how well it was maintained and the number of previous owners also affect its price.<\/p>\n\n\n\n<p>The table that follows provides the ranges of prices commonly found across Spinny listings of petrol Baleno vehicles across cities.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Model year<\/strong><\/td><td><strong>Variant\/fuel type<\/strong><\/td><td><strong>Approximate price range (Rs)<\/strong><\/td><\/tr><tr><td>2018<\/td><td>Delta, Zeta and Alpha; 1.2-litre petrol, manual \/ CVT<\/td><td>Rs 3.5\u20135.7 lakh<\/td><\/tr><tr><td>2020<\/td><td>Sigma, Delta, Zeta and Alpha; 1.2-litre petrol, manual \/ CVT<\/td><td>Rs 3.7\u20136.5 lakh<\/td><\/tr><tr><td>2022<\/td><td>Delta, Zeta and Alpha; 1.2-litre petrol, manual \/ AGS<\/td><td>Rs 5.5\u20137.4 lakh<\/td><\/tr><tr><td>2024<\/td><td>Delta, Zeta and Alpha; 1.2-litre petrol, manual \/ AGS<\/td><td>Rs 6.6\u20138.7 lakh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Price references verified on October 16, 2026, from Spinny listings across major cities. These are indicative ranges and do not represent the whole market or guaranteed live prices. Any changes in terms of availability, discounts, and fees can happen from time to time.<\/p>\n\n\n\n<p>The overlap is normal. A newer Sigma manual can cost less than an older Alpha automatic because the equipment and gearbox differ. Compare similar variants before deciding that one model year looks expensive.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"which-baleno-offers-good-value-for-a-loan-buyer\"><strong>Which Baleno offers good value for a loan buyer?<\/strong><\/h2>\n\n\n\n<p>A good option would be a properly taken-care-of second-generation Baleno, which launched on 23 February 2022. If budget permits, compare cars produced in 2022\u20132024: the age will provide you with more scope as far as the loan period is concerned, as the number of years before the loan has to be paid is influenced by the lender\u2019s policies. A facelifted Baleno with a new 1.2-litre three-cylinder petrol engine was launched in September 2026, so check which engine a late-2026 car has.<\/p>\n\n\n\n<p>Delta and Zeta variants deserve a look when balancing equipment against borrowing costs. Choose an Alpha if its additional features are useful enough to justify the higher price. Check the actual car\u2019s specifications, since features vary with the year and variant.<\/p>\n\n\n\n<p>Automatic purchasers have to differentiate between the various versions of the model. The older Balenos came with a continuously variable transmission or CVT system, offered on the 1.2-litre petrol Delta, Zeta and Alpha trims. In February 2022, the 5-speed Auto Gear Shift (AGS), which uses automated manual transmission technology, replaced the CVT. There is some difference in the driving experience, so it is preferable to try both versions if you are still undecided. The car registered in 2022 can possibly belong to both versions.<\/p>\n\n\n\n<p>Check the safety equipment of the specific car, too. Airbag availability and several other features have changed across model years and variants. Pre-2022 Balenos come with dual airbags as standard, while newer cars may have up to six depending on the year and variant. A familiar trim name does not guarantee identical equipment, especially when comparing a pre-2022 Baleno with newer examples.<\/p>\n\n\n\n<p>Browse our used <a href=\"https:\/\/www.spinny.com\/cars\/maruti-suzuki\/?utm_source=LoanonBuyingaUsedBaleno&amp;utm_medium=BlogLink\">Maruti<\/a> cars to compare options in your city. Judge value through the car\u2019s condition, equipment and total purchase cost alongside its age.<\/p>\n\n\n\n<p><strong>Also Read: <\/strong><a href=\"https:\/\/www.spinny.com\/blog\/used-car-loan-complete-guide-to-financing-a-pre-owned-car-in-india\/\">Used Car Loan: Complete Guide to Financing a Pre-Owned Car in India<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"used-maruti-baleno-emi-calculation\"><strong>Used Maruti Baleno EMI Calculation<\/strong><\/h2>\n\n\n\n<p>Your EMI refers to the monthly instalment that is aimed at repaying your debt and interest. It depends on the sum of money borrowed, annual interest rates, and the repayment period. The larger the down payment, the smaller the principal sum to be repaid each month as a part of the EMI.<\/p>\n\n\n\n<p>The examples below assume a 20% down payment and 14% annual interest on a monthly reducing balance. Under this method, interest is charged on the outstanding principal as you repay it. These car prices are illustrative budgeting amounts. Spinny\u2019s <a href=\"https:\/\/www.spinny.com\/used-car-loan\/?utm_source=LoanonBuyingaUsedBaleno&amp;utm_medium=BlogLink\">used car loan<\/a> interest rates typically range from 13% to 18.5%, depending on your credit profile and the car.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Car price<\/strong><\/td><td><strong>Down payment<\/strong><\/td><td><strong>Loan amount<\/strong><\/td><td><strong>Tenure<\/strong><\/td><td><strong>Approximate EMI<\/strong><\/td><\/tr><tr><td>Rs 4,00,000<\/td><td>Rs 80,000<\/td><td>Rs 3,20,000<\/td><td>3 years<\/td><td>Rs 10,937<\/td><\/tr><tr><td>Rs 4,00,000<\/td><td>Rs 80,000<\/td><td>Rs 3,20,000<\/td><td>5 years<\/td><td>Rs 7,446<\/td><\/tr><tr><td>Rs 5,50,000<\/td><td>Rs 1,10,000<\/td><td>Rs 4,40,000<\/td><td>3 years<\/td><td>Rs 15,038<\/td><\/tr><tr><td>Rs 5,50,000<\/td><td>Rs 1,10,000<\/td><td>Rs 4,40,000<\/td><td>5 years<\/td><td>Rs 10,238<\/td><\/tr><tr><td>Rs 7,50,000<\/td><td>Rs 1,50,000<\/td><td>Rs 6,00,000<\/td><td>3 years<\/td><td>Rs 20,507<\/td><\/tr><tr><td>Rs 7,50,000<\/td><td>Rs 1,50,000<\/td><td>Rs 6,00,000<\/td><td>5 years<\/td><td>Rs 13,961<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The actual numbers will depend on the lending organisation, the buyer\u2019s profile, and the chosen car. For this example, we are not taking into account the processing expenses and other charges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"consider-the-interest-not-just-the-instalment\">Consider the interest, not just the instalment<\/h3>\n\n\n\n<p>For the Rs 5.5 lakh example, choosing five years instead of three reduces the EMI by approximately Rs 4,800. However, total interest rises from around Rs 1.01 lakh to Rs 1.74 lakh. The smaller monthly instalment costs roughly Rs 72,900 more in interest over the repayment period.<\/p>\n\n\n\n<p>Select a tenure that allows for the costs of insurance, fuel, servicing, and other obligations. While a short-term loan will help you save money in interest payments, it is effective only if you can afford the payments. Spinny offers loan tenures from 1 to 7 years, depending on the lender and the car\u2019s age.<\/p>\n\n\n\n<p>Use the Spinny used car <a href=\"https:\/\/www.spinny.com\/used-car-loan-emi-calculator\/?utm_source=LoanonBuyingaUsedBaleno&amp;utm_medium=BlogLink\">EMI calculator<\/a> to compare loan amounts and repayment periods. Once you receive an offer, enter its rate and confirm whether it uses reducing-balance or flat-rate interest. The same quoted percentage can produce different borrowing costs.<\/p>\n\n\n\n<p><strong>Also Read: <\/strong><a href=\"https:\/\/www.spinny.com\/blog\/car-loan-emi-calculator-calculate-your-monthly-car-payment-in-2026\/\">Car Loan EMI Calculator: Calculate Your Monthly Car Payment in 2026<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-much-down-payment-do-you-need\"><strong>How Much Down Payment Do You Need?<\/strong><\/h2>\n\n\n\n<p>The amount of down payment required for your used Baleno is equal to the difference between the purchase price and the amount approved by the lender. The loan-to-value (LTV) ratio gives an indication of the portion of the value of the car that will be financed by the lender.<\/p>\n\n\n\n<p>For budgeting, compare funding of 80\u201390% of that value. If a Baleno costs Rs 5.5 lakh and the lender values it at the same amount, your contribution would look like this:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Illustrative funding level<\/strong><\/td><td><strong>Loan amount<\/strong><\/td><td><strong>Contribution towards car price<\/strong><\/td><\/tr><tr><td>80%<\/td><td>Rs 4,40,000<\/td><td>Rs 1,10,000<\/td><\/tr><tr><td>85%<\/td><td>Rs 4,67,500<\/td><td>Rs 82,500<\/td><\/tr><tr><td>90%<\/td><td>Rs 4,95,000<\/td><td>Rs 55,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>We can assist qualifying buyers in obtaining loans of up to 100% of the car\u2019s price through our 18 finance partners, with same-day approval for eligible buyers, subject to the terms laid down by the finance partner and other considerations. Approval is not guaranteed, and funding of the full price does not necessarily cover any optional add-ons.<\/p>\n\n\n\n<p>The valuation can change your upfront requirement. If the car costs Rs 5.5 lakh but the lender values it at Rs 5 lakh, funding at 85% provides Rs 4,25,000. You would need Rs 1,25,000 towards the purchase price, plus separately payable costs.<\/p>\n\n\n\n<p>Older Baleno models may be eligible for a lower loan-to-value ratio (LTV) and shorter repayment periods. Check the loan terms before concluding that buying the cheapest car means having the lowest EMI payments. Increasing your down payment will reduce your borrowing costs; make sure that you have set aside enough savings for repairs and maintenance.<\/p>\n\n\n\r\n    <style>\r\n        .sp-card-wrapper { \r\n            margin: 40px auto; \r\n            border-radius: 20px; \r\n            overflow: hidden; \r\n            font-family: sans-serif; \r\n            background: #fff; \r\n            box-shadow: 0 15px 40px rgba(0,0,0,0.18); \r\n            max-width: 700px; \/* Narrower width makes the stack feel tighter *\/\r\n            text-decoration: none;\r\n            display: block;\r\n            width: 100%;\r\n        }\r\n        .sp-img-container { \r\n            width: 100%; \r\n            position: relative;\r\n            padding-top: 56.25%; \/* Fixed 16:9 ratio for a cinematic feel *\/\r\n            background: #f4f4f4;\r\n        }\r\n        .sp-img-container img {\r\n            position: absolute; top: 0; left: 0; width: 100%; height: 100%; object-fit: cover;\r\n        }\r\n        .sp-footer { \r\n            padding: 30px; \r\n            background: #2e054e; \r\n            color: #fff !important; \r\n            text-align: center; \/* Centered layout for the stack *\/\r\n            display: flex;\r\n            flex-direction: column;\r\n            align-items: center;\r\n            gap: 15px;\r\n        }\r\n        .sp-card-title { \r\n            font-size: clamp(28px, 5vw, 42px); \/* Much larger, prominent name *\/\r\n            margin: 0; \r\n            font-weight: 800; \r\n            color: #fff !important; \r\n            line-height: 1.1;\r\n            letter-spacing: -1px;\r\n        }\r\n        .sp-btn { \r\n            background: #ed264f; \r\n            padding: 18px 40px; \r\n            border-radius: 10px; \r\n            font-weight: 900; \r\n            color: #fff !important; \r\n            font-size: 16px; \r\n            text-transform: uppercase; \r\n            letter-spacing: 1px; \r\n            width: 100%;\r\n            max-width: 300px; \/* Prevents button from being too wide on desktop *\/\r\n            box-sizing: border-box;\r\n            box-shadow: 0 4px 15px rgba(237, 38, 79, 0.3);\r\n        }\r\n    <\/style>\r\n\r\n    <a href='https:\/\/www.spinny.com\/used-baleno-cars\/s\/?utm_source=LoanonBuyingaUsedBaleno&utm_medium=BlogCard' target='_blank' class='sp-card-wrapper'>\r\n        <div class='sp-img-container'>\r\n            <img src='https:\/\/mda.spinny.com\/sp-file-system\/public\/2026-04-04\/36d52bde59054b4b9f05a909371c7aad\/raw\/file.JPG?q=85&#038;w=900&#038;dpr=0.8' alt='Used Maruti Baleno Cars'>\r\n        <\/div>\r\n        \r\n        <div class='sp-footer'>\r\n            <h3 class='sp-card-title'>Used Maruti Baleno Cars<\/h3>\r\n            <div style='margin-bottom: 5px;'>\r\n                        <div style='font-size: 12px; opacity: 0.8; text-transform: uppercase; letter-spacing: 0.5px;'>Starting From<\/div>\r\n                        <div style='font-size: clamp(24px, 4vw, 32px); font-weight: 800;'>\u20b9 3 Lakh<\/div>\r\n                      <\/div>\r\n            <div class='sp-btn'>Explore Pre-Owned Cars<\/div>\r\n        <\/div>\r\n    <\/a>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"step-by-step-process-to-buy-a-used-maruti-baleno-on-loan\"><strong>Step-by-Step Process to Buy a Used Maruti Baleno on Loan<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-1-set-your-upfront-and-monthly-budgets\">Step 1: Set your upfront and monthly budgets<\/h3>\n\n\n\n<p>Decide how much you can contribute without exhausting your savings. Then calculate what monthly instalment fits after household expenses, existing loans and regular savings commitments. Allow for fuel, insurance and servicing too.<\/p>\n\n\n\n<p>For example, the EMI value can amount to Rs 10,238, which will only represent the loan repayment. So, make sure to find out the total purchase price and the detailed separate costs to know how much you need to pay before delivery.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-2-shortlist-the-right-baleno-on-spinny\">Step 2: Shortlist the right Baleno on Spinny<\/h3>\n\n\n\n<p>Select your city and filter listings by price, year, fuel and transmission. Compare manufacturing details, kilometres, previous owners and the inspection information available for each car. Avoid choosing solely by the lowest asking price.<\/p>\n\n\n\n<p>If you are investigating an automatic vehicle, determine whether the type of transmission is CVT or AGS. For a CNG vehicle, confirm whether it was factory fitted or retrofitted, review documents and check available boot space. The Baleno\u2019s 1.3-litre diesel was discontinued in 2020, so every diesel listing is an older car and needs a location suitability check before a purchase is made. In Delhi NCR, for example, check the 10-year age limit for diesel vehicles.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-3-test-drive-and-inspect-the-car\">Step 3: Test drive and inspect the car<\/h3>\n\n\n\n<p>Book a test drive at a Spinny hub or select a home test drive where available. Check whether the seat position, visibility, rear-seat space and boot suit your usual journeys.<\/p>\n\n\n\n<p>Check various features like brakes, steering, suspension and air conditioning. If the vehicle is manual, check if the clutch and gears are working well. If the vehicle is automatic, try to drive it in traffic. Inquire about service history, repairs needed\/made and what maintenance is due soon. Check how well the infotainment, camera and other features are working instead of assuming that all Baleno models have the same equipment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-4-reserve-your-chosen-baleno\">Step 4: Reserve your chosen Baleno<\/h3>\n\n\n\n<p>Use the booking option on the website or app once you have selected the car. Read the deposit amount, reservation period, refund conditions and cancellation terms displayed for that booking before paying.<\/p>\n\n\n\n<p>Please keep your receipt and verify how the deposit is adjusted against the sale. Also, check the anticipated financing timetable with our team in case the approval is longer than the holding period. Reserving the automobile doesn\u2019t mean that you will get approved for the used Baleno loan. If you return the car within Spinny\u2019s 5-day money-back period, the loan is cancelled, your down payment is refunded and Spinny bears any additional charges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-5-apply-for-finance-and-submit-documents\">Step 5: Apply for finance and submit documents<\/h3>\n\n\n\n<p>Share your preferred contribution and tenure with our team. Eligibility considers income, credit score, previous credit and banking history, and residence ownership type. The selected Baleno must also meet the finance partner\u2019s vehicle requirements. As a guide:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Salaried applicants: aged 21\u201360, with a minimum income of Rs 1.8 lakh a year and at least one year of continuous employment.<\/li>\n\n\n\n<li>Self-employed applicants: aged 25\u201365, with a minimum income of Rs 2.5 lakh a year.<\/li>\n<\/ul>\n\n\n\n<p>Commonly requested documents include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PAN card and Aadhaar card.<\/li>\n\n\n\n<li>Address proof.<\/li>\n\n\n\n<li>Passport-size photographs and signature proof.<\/li>\n\n\n\n<li>Salary slips for the last 3 months or Form 16 (salaried), or income tax returns for the last 2 financial years (self-employed).<\/li>\n\n\n\n<li>Last 3 months of bank statements.<\/li>\n<\/ul>\n\n\n\n<p>The requirements might differ depending on the profession, the lender\u2019s requirements and the loan amount. You should provide accurate paperwork that does not change from one document to another, and be ready to respond to any requests for additional information without delay.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-6-compare-the-complete-loan-offer\">Step 6: Compare the complete loan offer<\/h3>\n\n\n\n<p>Review the approved amount, annual interest rate, calculation method, tenure, EMI and total repayment. Ask for processing fees and other charges in writing, including which costs are payable upfront or added to the loan.<\/p>\n\n\n\n<p>If you plan to pay off your loan early, check the terms for part-payments and early loan closure. Foreclosure charges depend on the finance partner\u2019s terms, so ask for them in writing. You can try to acquire finances for your Spinny car on your own. Compare the loan offers of different lenders with the same loan amount and term, as a lower EMI does not necessarily mean a cheaper loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-7-complete-payment-insurance-and-delivery\">Step 7: Complete payment, insurance and delivery<\/h3>\n\n\n\n<p>After approval, finish the loan agreement and repayment instructions. Coordinate your contribution and the lender\u2019s disbursement with our team. Confirm the first EMI date and the bank account used for repayment.<\/p>\n\n\n\n<p>If you purchase a car via financing from Spinny, lenders usually require a comprehensive insurance policy, with the lender recorded as the hypothecation holder. The insurance policy currently in place would either need to be transferred or be replaced. Make the necessary arrangements with the insurance agent before finalising the purchase and making the payment. Retain all necessary documents like the invoice, policy and loan agreement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"step-8-track-the-rc-transfer\">Step 8: Track the RC transfer<\/h3>\n\n\n\n<p>We initiate ownership transfer by submitting the required documents to the RTO. Provide any requested paperwork and attend verification if needed. Track progress through your Spinny account or app and check the updated registration certificate when available.<\/p>\n\n\n\n<p>The hypothecation process records the lender\u2019s interest in the RC. Once you have paid off the loan, collect the closing papers (NOC and Form 35) from the lender and apply to remove the hypothecation. If you choose a suitable Baleno and know your repayment before delivery, it helps you know the entire cost of ownership.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"summary\"><strong>Summary<\/strong><\/h2>\n\n\n\n<p>A used Maruti Baleno is one of the easiest premium hatchbacks to buy on finance. On Spinny, prices run from about Rs 3.5 lakh for a 2018 car to about Rs 8.7 lakh for a 2024 automatic. As an example, a Rs 5.5 lakh Baleno with 20% down at 14% interest works out to about Rs 15,038 a month over 3 years or Rs 10,238 over 5 years. The shorter loan saves about Rs 73,000 in interest. This guide compares prices by model year, shows how EMI and down payment change with tenure and loan-to-value, and walks through the steps from shortlisting to RC transfer. It also covers what to check on CVT and AGS automatics and how Spinny\u2019s financing, inspection and 5-day money-back period work for loan buyers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fa-qs-about-buying-a-used-maruti-baleno-on-loan\"><strong>FAQs about Buying a Used Maruti Baleno on Loan<\/strong><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. Can I buy a used Maruti Baleno on Spinny with zero down payment?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Yes, for eligible buyers. Spinny can arrange funding of up to 100% of the car\u2019s price through its finance partners, subject to your credit profile, income and the car\u2019s age and value. Add-ons and some charges may still need to be paid separately.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. What interest rate can I expect on a used Baleno loan through Spinny?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Spinny\u2019s used car loan rates usually range from 13% to 18.5% a year. Your rate depends on your credit score, income profile and the specific car. You can check eligibility online without affecting your credit score.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. Which documents do I need for a used Baleno loan?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Salaried applicants need KYC (identity and address proof), photographs, salary slips for the last 3 months or Form 16, and 3 months of bank statements. Self-employed applicants need ITRs for the last 2 financial years in place of salary slips.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. How long can my loan tenure be?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Spinny offers tenures from 1 to 7 years. Older Balenos may get shorter tenures and lower funding. A shorter tenure means a higher EMI but much less total interest.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. Should I buy a CVT or an AGS automatic Baleno?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">Pre-2022 Baleno automatics use a CVT, which is smoother in traffic. Cars from the second generation onward (from February 2022) use the AGS (AMT), which is cheaper to buy and run. Book a free test drive at a Spinny hub or at home to compare them.<\/p><li style=\"list-style-type: none\"><h5 class=\"saswp-faq-question-title \"><strong>Q. What happens to my loan if I return the car within Spinny\u2019s 5-day money-back period?<\/strong><\/h5><p class=\"saswp-faq-answer-text\">The loan is cancelled and your down payment is refunded. Spinny covers any additional charges, so you can finance the car knowing you can still change your mind.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>Buying a second-hand Maruti Baleno on a car loan enables one to get a comfortable hatchback without having to dip [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":503462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cos_headline_score":0,"cos_seo_score":0,"cos_headline_text":"How to Buy a Used Maruti Baleno on Loan","cos_headline_has_been_analyzed":false,"cos_last_analyzed_headline":[],"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"","_ayudawp_aiss_summary_provider":"","_ayudawp_aiss_summary_hash":"","footnotes":""},"categories":[5086,5080],"tags":[9337,9336,616],"class_list":["post-545013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-loan","category-car-buying","tag-buying-a-used-car","tag-loan","tag-maruti-baleno"],"acf":[],"jetpack_featured_media_url":"https:\/\/spn-sta.spinny.com\/blog\/20220915172729\/Maruti-Suzuki-Baleno.jpg","_links":{"self":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts\/545013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/comments?post=545013"}],"version-history":[{"count":4,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts\/545013\/revisions"}],"predecessor-version":[{"id":545039,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts\/545013\/revisions\/545039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/media\/503462"}],"wp:attachment":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/media?parent=545013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/categories?post=545013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/tags?post=545013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}