Skoda Slavia Car Loan EMI Calculator

₹ 22,892.
Here is how - Skoda Slavia price starts from ₹ 13,27,574 in Mumbai. If you pay a down payment of ₹ 1,98,574 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,892.

The cheapest Slavia model is Active 1.0L TSI MT which is priced at ₹ 13,27,574 in Mumbai. You will need to pay at least a ₹ 1,98,574 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
Active 1.0L TSI MT	₹ 13,27,574	₹ 11,29,000
Ambition 1.0L TSI AT	₹ 16,75,590	₹ 14,29,000
Style 1.5L TSI MT	₹ 19,95,887	₹ 16,99,999
Style 1.5L TSI DSG	₹ 21,61,295	₹ 18,39,999
Ambition 1.0L TSI MT	₹ 15,21,833	₹ 12,99,000
Style 1.0L TSI MT	₹ 17,22,725	₹ 14,69,999
Style 1.0L TSI AT	₹ 18,69,132	₹ 15,89,999
Style (Non-Sunroof)	₹ 16,64,873	₹ 14,19,999

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 Active 1.0L TSI MT will be ₹ 20,692 but you will have to pay interest of ₹ 6,09,128 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 ₹ 41,601, but your interest payment will be only ₹ 3,68,636 over the 3 years period.

₹ 22,892
Skoda Slavia price starts from ₹ 13,27,574 in Mumbai.

We have considered
Down-payement : ₹ 1,98,574
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 ₹ 4,43,000

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 ₹ 13.28 Lakh, you can get a loan with an annual income as low as ₹ 4.43 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.