Rolls-Royce Phantom Coupe Car Loan EMI Calculator

₹ 12,94,899.
Here is how - Rolls-Royce Phantom Coupe price starts from ₹ 7,95,85,063 in Mumbai. If you pay a down payment of ₹ 1,57,22,676 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,94,899.

The cheapest Phantom Coupe model is 6.8 L which is priced at ₹ 7,95,85,063 in Mumbai. You will need to pay at least a ₹ 1,57,22,676 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 Phantom Coupe.

Version	On-road price in Mumbai	Max Loan
6.8 L	₹ 7,95,85,063	₹ 6,38,62,387

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 Phantom Coupe 6.8 L will be ₹ 12,40,430 but you will have to pay interest of ₹ 4,03,33,733 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 ₹ 24,93,907, but your interest payment will be only ₹ 2,59,18,265 over the 3 years period.

₹ 12,94,899
Rolls-Royce Phantom Coupe price starts from ₹ 7,95,85,063 in Mumbai.

We have considered
Down-payement : ₹ 1,57,22,676
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,65,29,000

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 Phantom Coupe starts from ₹ 7.96 Crore, you can get a loan with an annual income as low as ₹ 2.65 crore.

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