Skoda Fabia Car Loan EMI Calculator

₹ 9,277.
Here is how - Skoda Fabia price starts from ₹ 5,13,343 in Mumbai. If you pay a down payment of ₹ 55,839 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,277.

The cheapest Fabia model is Classic 1.2 MPI which is priced at ₹ 5,13,343 in Mumbai. You will need to pay at least a ₹ 55,839 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 Fabia.

Version	On-road price in Mumbai	Max Loan
Classic 1.2 MPI	₹ 5,13,343	₹ 4,57,504
Classic 1.2 TDI	₹ 6,35,844	₹ 5,68,301
Ambiente 1.2 TDI	₹ 6,95,098	₹ 6,21,893
Ambiente 1.2 MPI	₹ 5,71,454	₹ 5,10,063
Elegance 1.2 MPI	₹ 7,38,576	₹ 6,48,915
Elegance 1.2 TDI	₹ 8,95,232	₹ 7,74,324
Elegance 1.6 MPI	₹ 7,78,151	₹ 6,80,269
Ambition 1.2 MPI	₹ 6,09,546	₹ 5,34,840
Ambition 1.2 TDI	₹ 7,61,599	₹ 6,58,227
Active 1.2 TDI	₹ 6,39,345	₹ 5,71,467
Active 1.2 MPI	₹ 5,51,673	₹ 4,83,427
Active Plus 1.2 MPI	₹ 5,91,666	₹ 5,18,406
Active Plus 1.2 TDI CR	₹ 7,45,575	₹ 6,43,696
Ambition Plus 1.2 MPI	₹ 6,38,560	₹ 5,60,065
Ambition Plus 1.2 TDI CR	₹ 7,93,441	₹ 6,85,476

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 Fabia Classic 1.2 MPI will be ₹ 8,001 but you will have to pay interest of ₹ 2,14,580 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 ₹ 16,086, but your interest payment will be only ₹ 1,21,592 over the 3 years period.

₹ 9,277
Skoda Fabia price starts from ₹ 5,13,343 in Mumbai.

We have considered
Down-payement : ₹ 55,839
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,72,000

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 Fabia starts from ₹ 5.13 Lakh, you can get a loan with an annual income as low as ₹ 1.72 lakh.

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

• 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.