Skoda Kylaq Car Loan EMI Calculator

₹ 16,728.
Here is how - Skoda Kylaq price starts from ₹ 9,85,817 in Mumbai. If you pay a down payment of ₹ 1,60,817 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,728.

The cheapest Kylaq model is Classic which is priced at ₹ 9,85,817 in Mumbai. You will need to pay at least a ₹ 1,60,817 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 Kylaq.

Version	On-road price in Mumbai	Max Loan
Classic	₹ 9,85,817	₹ 8,25,000
Signature	₹ 11,72,325	₹ 9,85,000
Signature Plus	₹ 13,58,472	₹ 11,25,000
Prestige	₹ 15,52,990	₹ 12,89,000
Signature AT	₹ 13,22,891	₹ 10,95,000
Signature Plus AT	₹ 14,90,155	₹ 12,35,000
Prestige AT	₹ 16,83,454	₹ 13,99,000
Classic 1.0 TSI MT (Olive Gold)	₹ 9,96,308	₹ 8,34,000
Signature 1.0 TSI MT (Lava Blue & Deep Black)	₹ 11,82,815	₹ 9,94,000
Signature Plus 1.0 TSI MT (Lava Blue)	₹ 13,69,146	₹ 11,34,000
Signature 1.0 TSI AT (Lava Blue & Deep Black)	₹ 13,43,566	₹ 11,04,000
Signature Plus 1.0 TSI AT (Lava Blue)	₹ 15,00,838	₹ 12,44,000

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 Kylaq Classic will be ₹ 15,365 but you will have to pay interest of ₹ 4,65,660 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 ₹ 30,892, but your interest payment will be only ₹ 2,87,112 over the 3 years period.

₹ 16,728
Skoda Kylaq price starts from ₹ 9,85,817 in Mumbai.

We have considered
Down-payement : ₹ 1,60,817
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,29,000

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 Kylaq starts from ₹ 9.86 Lakh, you can get a loan with an annual income as low as ₹ 3.29 lakh.

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

• 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.