Porsche 911 Car Loan EMI Calculator

₹ 3,49,788.
Here is how - Porsche 911 price starts from ₹ 2,04,60,685 in Mumbai. If you pay a down payment of ₹ 32,09,685 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 3,49,788.

The cheapest 911 model is Carrera which is priced at ₹ 2,04,60,685 in Mumbai. You will need to pay at least a ₹ 32,09,685 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 911.

Version	On-road price in Mumbai	Max Loan
Carrera S	₹ 2,22,63,139	₹ 1,87,77,000
Carrera S Cabriolet	₹ 2,42,66,390	₹ 2,04,73,000
Carrera	₹ 2,04,60,685	₹ 1,72,51,000
Carrera Cabriolet	₹ 2,18,23,747	₹ 1,84,05,000
Turbo S	₹ 3,71,48,147	₹ 3,13,79,000
GT3	₹ 3,01,62,753	₹ 2,54,65,000
GT3 with Touring Package	₹ 3,01,62,753	₹ 2,54,65,000
GT3 Manual	₹ 3,01,62,753	₹ 2,54,65,000
GT3 with Touring Package Manual	₹ 3,01,62,753	₹ 2,54,65,000
GT3 RS	₹ 3,84,50,970	₹ 3,24,82,000
Carrera T	₹ 2,14,46,955	₹ 1,80,86,000

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 911 Carrera will be ₹ 3,18,905 but you will have to pay interest of ₹ 95,37,020 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 ₹ 6,41,164, but your interest payment will be only ₹ 58,30,904 over the 3 years period.

₹ 3,49,788
Porsche 911 price starts from ₹ 2,04,60,685 in Mumbai.

We have considered
Down-payement : ₹ 32,09,685
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 911 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 68,21,000

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 911 starts from ₹ 2.05 Crore, you can get a loan with an annual income as low as ₹ 68.21 lakh.

Here are the most important things you should consider while getting a car loan for a new 911

• 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.