Skoda Kushaq Car Loan EMI Calculator

₹ 24,311.
Here is how - Skoda Kushaq price starts from ₹ 14,18,947 in Mumbai. If you pay a down payment of ₹ 2,19,947 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,311.

The cheapest Kushaq model is Active 1.0 TSI MT which is priced at ₹ 14,18,947 in Mumbai. You will need to pay at least a ₹ 2,19,947 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
Active 1.0 TSI MT	₹ 14,18,947	₹ 11,99,000
ONYX Edition 1.0 TSI	₹ 15,24,018	₹ 12,89,000
Ambition 1.0L TSI MT	₹ 17,16,648	₹ 14,54,000
Ambition 1.0 TSI AT	₹ 18,72,496	₹ 15,84,000
Style 1.0L TSI MT	₹ 19,60,056	₹ 16,59,000
Style 1.0L TSI AT	₹ 21,11,824	₹ 17,89,000
Style 1.5L TSI MT	₹ 21,78,426	₹ 18,39,000
Style 1.5L TSI DSG	₹ 23,42,114	₹ 19,79,000

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 ₹ 22,116 but you will have to pay interest of ₹ 6,58,744 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 ₹ 44,465, but your interest payment will be only ₹ 4,01,740 over the 3 years period.

₹ 24,311
Skoda Kushaq price starts from ₹ 14,18,947 in Mumbai.

We have considered
Down-payement : ₹ 2,19,947
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 ₹ 4,73,000

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 ₹ 14.19 Lakh, you can get a loan with an annual income as low as ₹ 4.73 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.