Skoda Rapid [2011-2014] Car Loan EMI Calculator

₹ 14,793.
Here is how - Skoda Rapid [2011-2014] price starts from ₹ 8,04,365 in Kolkata. If you pay a down payment of ₹ 74,805 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,793.

The cheapest Rapid [2011-2014] model is Active 1.6 MPI MT which is priced at ₹ 8,04,365 in Kolkata. You will need to pay at least a ₹ 74,805 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 Rapid [2011-2014].

Version	On-road price in Kolkata	Max Loan
Active 1.6 MPI MT	₹ 8,04,365	₹ 7,29,560
Ambition 1.6 MPI MT	₹ 8,36,324	₹ 7,57,327
Elegance 1.6 MPI MT [2011-2014]	₹ 9,89,204	₹ 8,96,129
Ambition 1.6 MPI AT	₹ 9,45,127	₹ 8,59,386
Elegance 1.6 MPI AT	₹ 10,82,954	₹ 9,82,006
Active 1.6 TDI CR MT	₹ 9,38,108	₹ 8,49,324
Ambition 1.6 TDI CR MT	₹ 9,73,962	₹ 8,87,201
Elegance 1.6 TDI CR MT	₹ 10,89,395	₹ 9,87,905
Active 1.6 MPI MT Plus	₹ 8,22,307	₹ 7,45,996
Ambition 1.6 MPI MT Plus	₹ 9,07,492	₹ 8,21,279
Ambition 1.6 MPI AT Plus	₹ 10,17,165	₹ 9,21,741
Active 1.6 TDI CR MT Plus	₹ 9,59,854	₹ 8,69,244
Ambition 1.6 TDI CR MT Plus	₹ 10,28,242	₹ 9,31,888
Prestige 1.6 TDI CR MT Plus	₹ 10,33,869	₹ 9,44,989
Prestige Ambition 1.6 TDI CR MT Plus	₹ 10,06,688	₹ 9,18,769
Leisure 1.6 MPI MT	₹ 9,25,616	₹ 8,37,881
Leisure 1.6 MPI AT	₹ 10,38,142	₹ 9,40,956
Leisure 1.6 TDI CR MT Plus	₹ 10,68,769	₹ 9,69,011
Ambition 1.6 MPI MT Plus Alloy [2013-2014]	₹ 9,24,319	₹ 8,36,693
Ambition 1.6 MPI AT Plus Alloy [2013-2014]	₹ 10,33,992	₹ 9,37,155
Ambition 1.6 TDI CR MT Plus Alloy [2013-2014]	₹ 10,45,069	₹ 9,47,302
Ultima Ambition 1.6 MPI MT Plus	₹ 9,45,241	₹ 8,55,858
Ultima Ambition 1.6 MPI AT Plus	₹ 10,54,914	₹ 9,56,320
Ultima Elegance 1.6 MPI MT	₹ 10,14,994	₹ 9,19,753
Ultima Elegance 1.6 MPI AT	₹ 11,23,328	₹ 10,18,989
Ultima Ambition 1.6 TDI CR MT Plus	₹ 10,65,991	₹ 9,66,467
Ultima Elegance 1.6 TDI CR MT	₹ 11,29,768	₹ 10,24,888
Elegance 1.6 MPI MT	₹ 9,74,620	₹ 8,82,770

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 Rapid [2011-2014] Active 1.6 MPI MT will be ₹ 12,537 but you will have to pay interest of ₹ 3,23,548 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 ₹ 25,206, but your interest payment will be only ₹ 1,77,856 over the 3 years period.

₹ 14,793
Skoda Rapid [2011-2014] price starts from ₹ 8,04,365 in Kolkata.

We have considered
Down-payement : ₹ 74,805
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Rapid [2011-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,69,000

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 Rapid [2011-2014] starts from ₹ 8.04 Lakh, you can get a loan with an annual income as low as ₹ 2.69 lakh.

Here are the most important things you should consider while getting a car loan for a new Rapid [2011-2014]

• 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.