Skoda Octavia [2001-2010] Car Loan EMI Calculator

₹ 21,398.
Here is how - Skoda Octavia [2001-2010] price starts from ₹ 11,89,162 in Mumbai. If you pay a down payment of ₹ 1,33,860 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,398.

The cheapest Octavia [2001-2010] model is Ambiente 1.8 Turbo which is priced at ₹ 11,89,162 in Mumbai. You will need to pay at least a ₹ 1,33,860 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 Octavia [2001-2010].

Version	On-road price in Mumbai	Max Loan
L&K	₹ 15,47,556	₹ 13,77,081
Elegance 1.9 TDI	₹ 13,95,029	₹ 12,40,413
Elegance AT 1.9 TDI	₹ 15,30,225	₹ 13,74,310
RS 1.8 Turbo	₹ 15,36,481	₹ 13,79,953
Rider 1.8 Turbo	₹ 12,72,831	₹ 11,40,545
Rider 1.9 TDI	₹ 12,84,491	₹ 11,61,912
Ambiente 1.9 TDi	₹ 13,22,944	₹ 11,75,823
Rider AT 1.9 TDI	₹ 13,79,137	₹ 12,48,057
Ambiente 1.8 Turbo	₹ 11,89,162	₹ 10,55,302
Elegance Plus 1.9 TDI	₹ 15,10,101	₹ 13,43,519

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 Octavia [2001-2010] Ambiente 1.8 Turbo will be ₹ 18,535 but you will have to pay interest of ₹ 5,01,638 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 ₹ 37,264, but your interest payment will be only ₹ 2,86,202 over the 3 years period.

₹ 21,398
Skoda Octavia [2001-2010] price starts from ₹ 11,89,162 in Mumbai.

We have considered
Down-payement : ₹ 1,33,860
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Octavia [2001-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,97,000

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 Octavia [2001-2010] starts from ₹ 11.89 Lakh, you can get a loan with an annual income as low as ₹ 3.97 lakh.

Here are the most important things you should consider while getting a car loan for a new Octavia [2001-2010]

• 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.