Skoda Slavia Car Loan EMI Calculator

₹ 21,270.
Here is how - Skoda Slavia price starts from ₹ 12,43,829 in Mumbai. If you pay a down payment of ₹ 1,94,829 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,270.

The cheapest Slavia model is Classic 1.0L TSI MT which is priced at ₹ 12,43,829 in Mumbai. You will need to pay at least a ₹ 1,94,829 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 Slavia.

Version	On-road price in Mumbai	Max Loan
Classic 1.0L TSI MT	₹ 12,43,829	₹ 10,49,000
Prestige 1.0L TSI MT	₹ 18,43,310	₹ 15,59,000
Prestige 1.0L TSI AT	₹ 19,71,730	₹ 16,69,000
Prestige 1.5L TSI DSG	₹ 21,66,734	₹ 18,29,000
Sportline 1.0L TSI MT	₹ 16,48,461	₹ 13,69,000
Monte Carlo 1.0L TSI MT	₹ 18,19,961	₹ 15,39,000
Sportline 1.0L TSI AT	₹ 17,78,930	₹ 14,79,000
Sportline 1.5L TSI DSG	₹ 19,76,351	₹ 16,39,000
Monte Carlo 1.0L TSI AT	₹ 19,48,381	₹ 16,49,000
Monte Carlo 1.5L TSI DSG	₹ 21,43,350	₹ 18,09,000
Classic 1.0L TSI MT (Lava Blue)	₹ 12,55,503	₹ 10,59,000
Signature 1.0L TSI MT (Lava Blue Deep Black & Carbon Steel Matte)	₹ 16,48,461	₹ 13,69,000
Sportline 1.0L TSI MT (Lava Blue Deep Black & Carbon Steel Matte)	₹ 16,60,324	₹ 13,79,000
Sportline 1.0L TSI MT Dual Tone	₹ 16,60,324	₹ 13,79,000
Monte Carlo 1.0L TSI MT ((Carbon Steel Matte)	₹ 18,31,636	₹ 15,49,000
Monte Carlo 1.0L TSI MT Dual Tone	₹ 18,31,636	₹ 15,49,000
Prestige 1.0 TSI MT (Carbon Steel Matte)	₹ 18,79,742	₹ 15,64,000
Prestige 1.0 TSI MT Dual tone	₹ 18,79,742	₹ 15,64,000
Signature 1.0 TSI AT (Lava Blue Deep Black & Carbon Steel Matte)	₹ 17,78,930	₹ 14,79,000
Sportline 1.0 TSI AT(Lava Blue Deep Black & Carbon Steel Matte)	₹ 17,90,791	₹ 14,89,000
Sportline 1.0 TSI AT Dual tone	₹ 17,90,791	₹ 14,89,000
Sportline 1.5 TSI DSG (Lava Blue Deep Black & Carbon Steel Matte)	₹ 19,80,561	₹ 16,49,000
Sportline 1.5 TSI DSG Dual tone	₹ 19,80,561	₹ 16,49,000
Monte Carlo 1.0L TSI AT (Carbon Steel Matte)	₹ 19,60,056	₹ 16,59,000
Monte Carlo 1.0 TSI AT Dual tone	₹ 19,60,056	₹ 16,59,000
Prestige 1.0 TSI AT (Carbon Steel Matte)	₹ 19,83,405	₹ 16,79,000
Prestige 1.0 TSI AT Dual tone	₹ 19,83,405	₹ 16,79,000
Monte Carlo 1.5 TSI DSG (Carbon Steel Matte)	₹ 21,55,042	₹ 18,19,000
Monte Carlo 1.5 TSI DSG Dual tone	₹ 21,55,042	₹ 18,19,000
Prestige 1.5L TSI DSG (Carbon Steel Matte)	₹ 21,78,426	₹ 18,39,000
Prestige 1.5 TSI DSG Dual tone	₹ 21,78,426	₹ 18,39,000
Signature 1.0L TSI MT	₹ 16,36,601	₹ 13,59,000
Signature 1.0L TSI AT	₹ 17,67,066	₹ 14,69,000

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 Slavia Classic 1.0L TSI MT will be ₹ 19,387 but you will have to pay interest of ₹ 5,79,508 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 ₹ 38,977, but your interest payment will be only ₹ 3,54,172 over the 3 years period.

₹ 21,270
Skoda Slavia price starts from ₹ 12,43,829 in Mumbai.

We have considered
Down-payement : ₹ 1,94,829
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,15,000

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 Slavia starts from ₹ 12.44 Lakh, you can get a loan with an annual income as low as ₹ 4.15 lakh.

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

• 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.