Porsche Panamera Car Loan EMI Calculator

₹ 3,45,854.
Here is how - Porsche Panamera price starts from ₹ 2,14,47,910 in Mumbai. If you pay a down payment of ₹ 43,90,910 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 3,45,854.

The cheapest Panamera model is G3 which is priced at ₹ 2,14,47,910 in Mumbai. You will need to pay at least a ₹ 43,90,910 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 Panamera.

Version	On-road price in Mumbai	Max Loan
G3	₹ 2,14,47,910	₹ 1,70,57,000
GTS	₹ 2,93,14,002	₹ 2,33,37,000

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 Panamera G3 will be ₹ 3,34,292 but you will have to pay interest of ₹ 1,10,23,528 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 ₹ 6,72,100, but your interest payment will be only ₹ 71,38,600 over the 3 years period.

₹ 3,45,854
Porsche Panamera price starts from ₹ 2,14,47,910 in Mumbai.

We have considered
Down-payement : ₹ 43,90,910
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 71,50,000

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 Panamera starts from ₹ 2.14 Crore, you can get a loan with an annual income as low as ₹ 71.50 lakh.

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

• 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.