Rolls-Royce Drophead Coupe Car Loan EMI Calculator

₹ 13,85,413.
Here is how - Rolls-Royce Drophead Coupe price starts from ₹ 8,51,43,341 in Mumbai. If you pay a down payment of ₹ 1,68,16,965 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,85,413.

The cheapest Drophead Coupe model is Convertible which is priced at ₹ 8,51,43,341 in Mumbai. You will need to pay at least a ₹ 1,68,16,965 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 Drophead Coupe.

Version	On-road price in Mumbai	Max Loan
Convertible	₹ 8,51,43,341	₹ 6,83,26,376

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 Drophead Coupe Convertible will be ₹ 13,27,062 but you will have to pay interest of ₹ 4,31,46,832 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 ₹ 26,68,083, but your interest payment will be only ₹ 2,77,24,612 over the 3 years period.

₹ 13,85,413
Rolls-Royce Drophead Coupe price starts from ₹ 8,51,43,341 in Mumbai.

We have considered
Down-payement : ₹ 1,68,16,965
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,83,82,000

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 Drophead Coupe starts from ₹ 8.51 Crore, you can get a loan with an annual income as low as ₹ 2.84 crore.

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

• 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.