Skoda Kushaq Car Loan EMI Calculator

₹ 23,500.
Here is how - Skoda Kushaq price starts from ₹ 13,63,949 in Mumbai. If you pay a down payment of ₹ 2,04,949 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 23,500.

The cheapest Kushaq model is Active 1.0 TSI MT which is priced at ₹ 13,63,949 in Mumbai. You will need to pay at least a ₹ 2,04,949 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
Ambition 1.5L TSI MT	₹ 17,67,203	₹ 14,99,000
Ambition 1.5L TSI DSG	₹ 19,77,112	₹ 16,79,000
Ambition 1.5L TSI DSG Dual Tone	₹ 19,82,987	₹ 16,84,000
ONYX Edition 1.0 TSI	₹ 14,57,137	₹ 12,39,000
Active 1.0 TSI MT	₹ 13,63,949	₹ 11,59,000
Ambition 1.0L TSI MT	₹ 15,67,748	₹ 13,34,000
Monte Carlo 1.0L TSI MT	₹ 19,34,525	₹ 16,49,000
Monte Carlo 1.0 TSI AT	₹ 21,25,551	₹ 18,09,000
Monte Carlo 1.5L TSI MT	₹ 21,75,371	₹ 18,49,000
Monte Carlo 1.5L TSI DSG	₹ 23,30,422	₹ 19,69,000
Style 1.0L TSI MT	₹ 18,52,785	₹ 15,79,000
Style 1.0L TSI MT (Non-Sunroof)	₹ 18,29,688	₹ 15,59,000
Style 1.0L TSI AT	₹ 20,39,261	₹ 17,39,000
Style 1.5L TSI MT	₹ 21,08,274	₹ 17,79,000
Style 1.5L TSI DSG	₹ 22,33,623	₹ 18,99,000
Style 1.0 TSI AT Dual Tone	₹ 20,45,135	₹ 17,44,000
Style 1.5 TSI DSG Dual Tone	₹ 22,54,424	₹ 19,04,000
Ambition 1.0 TSI AT	₹ 17,77,320	₹ 15,14,000
Lava Blue Edition 1.5L TSI MT	₹ 21,31,658	₹ 17,99,000
Lava Blue Edition 1.5L TSI DSG	₹ 22,71,962	₹ 19,19,000
Matte Edition 1.0L TSI MT	₹ 19,13,357	₹ 16,19,000
Matte Edition 1.0L TSI AT	₹ 21,00,150	₹ 17,79,000
Matte Edition 1.5L TSI MT	₹ 21,55,042	₹ 18,19,000
Matte Edition 1.5L TSI DSG	₹ 22,95,346	₹ 19,39,000
Onyx Plus 1.0 TSI MT	₹ 13,72,249	₹ 11,59,000

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 Active 1.0 TSI MT will be ₹ 21,259 but you will have to pay interest of ₹ 6,26,756 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 ₹ 42,741, but your interest payment will be only ₹ 3,79,676 over the 3 years period.

₹ 23,500
Skoda Kushaq price starts from ₹ 13,63,949 in Mumbai.

We have considered
Down-payement : ₹ 2,04,949
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 ₹ 4,55,000

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 ₹ 13.64 Lakh, you can get a loan with an annual income as low as ₹ 4.55 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.