Skoda Octavia [2001-2010] Car Loan EMI Calculator

₹ 21,334.
Here is how - Skoda Octavia [2001-2010] price starts from ₹ 11,96,379 in Hyderabad. If you pay a down payment of ₹ 1,44,207 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,334.

The cheapest Octavia [2001-2010] model is Ambiente 1.8 Turbo which is priced at ₹ 11,96,379 in Hyderabad. You will need to pay at least a ₹ 1,44,207 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Octavia [2001-2010].

Version	On-road price in Hyderabad	Max Loan
L&K	₹ 15,06,361	₹ 13,27,300
Elegance 1.9 TDI	₹ 14,60,817	₹ 12,86,877
RS 1.8 Turbo	₹ 15,24,852	₹ 13,56,000
Rider 1.8 Turbo	₹ 12,86,573	₹ 11,43,000
Rider 1.9 TDI	₹ 12,86,573	₹ 11,43,000
Ambiente 1.9 TDi	₹ 13,24,278	₹ 11,65,690
Rider AT 1.9 TDI	₹ 14,02,916	₹ 12,47,000
Ambiente 1.8 Turbo	₹ 11,96,379	₹ 10,52,172
Elegance Plus 1.9 TDI	₹ 15,10,813	₹ 13,31,251

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Octavia [2001-2010] Ambiente 1.8 Turbo will be ₹ 18,647 but you will have to pay interest of ₹ 5,14,176 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 37,490, but your interest payment will be only ₹ 2,97,468 over the 3 years period.

₹ 21,334
Skoda Octavia [2001-2010] price starts from ₹ 11,96,379 in Hyderabad.

We have considered
Down-payement : ₹ 1,44,207
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Octavia [2001-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,99,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Octavia [2001-2010] starts from ₹ 11.96 Lakh, you can get a loan with an annual income as low as ₹ 3.99 lakh.

Here are the most important things you should consider while getting a car loan for a new Octavia [2001-2010]

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.