Skoda Laura Car Loan EMI Calculator

₹ 25,468.
Here is how - Skoda Laura price starts from ₹ 13,56,333 in Kolkata. If you pay a down payment of ₹ 1,00,290 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,468.

The cheapest Laura model is Classic 1.8 TSI which is priced at ₹ 13,56,333 in Kolkata. You will need to pay at least a ₹ 1,00,290 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 Laura.

Version	On-road price in Kolkata	Max Loan
Ambiente 1.8 TSI	₹ 14,65,114	₹ 13,60,975
Ambiente 1.9 TDI MT	₹ 14,84,554	₹ 13,79,727
Ambiente 1.9 TDI AT	₹ 15,68,938	₹ 14,61,126
Elegance 1.9 TDI MT	₹ 16,46,741	₹ 15,32,317
Elegance 1.9 TDI AT	₹ 17,20,589	₹ 16,03,552
L&K 2.0 TDI AT	₹ 21,68,058	₹ 19,80,067
Ambiente 2.0 TDI CR MT	₹ 15,12,333	₹ 14,06,523
Ambiente 2.0 TDI CR AT	₹ 16,32,622	₹ 15,18,698
Elegance 2.0 TDI CR MT	₹ 18,47,430	₹ 16,86,365
Elegance 2.0 TDI CR AT	₹ 19,88,029	₹ 18,15,157
Classic 1.8 TSI	₹ 13,56,333	₹ 12,56,043
RS	₹ 18,17,143	₹ 16,96,690
Ambition 1.8 TSI	₹ 17,26,705	₹ 15,05,953
Ambition 2.0 TDI CR AT	₹ 18,19,253	₹ 16,60,555
Ambition 2.0 TDI CR MT	₹ 16,39,227	₹ 14,95,647
Active 1.8 TSI	₹ 14,30,694	₹ 13,27,773
Ambition 1.8 TSI AT	₹ 18,43,861	₹ 16,09,022

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 Laura Classic 1.8 TSI will be ₹ 21,140 but you will have to pay interest of ₹ 5,19,717 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 ₹ 42,503, but your interest payment will be only ₹ 2,74,065 over the 3 years period.

₹ 25,468
Skoda Laura price starts from ₹ 13,56,333 in Kolkata.

We have considered
Down-payement : ₹ 1,00,290
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,53,000

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 Laura starts from ₹ 13.56 Lakh, you can get a loan with an annual income as low as ₹ 4.53 lakh.

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

• 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.