Skoda Kushaq Car Loan EMI Calculator

₹ 21,675.
Here is how - Skoda Kushaq price starts from ₹ 12,79,581 in Mumbai. If you pay a down payment of ₹ 2,10,581 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,675.

The cheapest Kushaq model is Classic Plus Petrol 1.0L Turbo Manual which is priced at ₹ 12,79,581 in Mumbai. You will need to pay at least a ₹ 2,10,581 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 Kushaq.

Version	On-road price in Mumbai	Max Loan
Signature Petrol 1.0L Turbo Automatic (TC)	₹ 18,56,278	₹ 15,59,000
Prestige Petrol 1.0L Turbo Manual	₹ 19,99,189	₹ 16,79,000
Signature Petrol 1.0L Turbo Manual	₹ 17,41,853	₹ 14,59,000
Prestige Petrol 1.5L Turbo Automatic (DCT)	₹ 22,42,849	₹ 18,79,000
Classic Plus Petrol 1.0L Turbo Manual	₹ 12,79,581	₹ 10,69,000
Sportline Petrol 1.0L Turbo Automatic (TC)	₹ 18,73,639	₹ 15,74,000
Prestige Petrol 1.0L Turbo Automatic (TC)	₹ 21,03,088	₹ 17,59,000
Monte Carlo Petrol 1.0L Turbo Automatic (TC)	₹ 21,37,599	₹ 17,89,000
Monte Carlo Petrol 1.5L Turbo Automatic (DCT)	₹ 22,66,666	₹ 18,99,000
Sportline Petrol 1.0L Turbo Manual	₹ 17,59,310	₹ 14,74,000
Classic Plus Petrol 1.0L Turbo Automatic (TC)	₹ 15,45,600	₹ 12,89,000

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 Kushaq Classic Plus Petrol 1.0L Turbo Manual will be ₹ 19,944 but you will have to pay interest of ₹ 6,06,296 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 ₹ 40,097, but your interest payment will be only ₹ 3,74,492 over the 3 years period.

₹ 21,675
Skoda Kushaq price starts from ₹ 12,79,581 in Mumbai.

We have considered
Down-payement : ₹ 2,10,581
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,27,000

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 Kushaq starts from ₹ 12.80 Lakh, you can get a loan with an annual income as low as ₹ 4.27 lakh.

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

• 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.