Skoda Slavia Car Loan EMI Calculator

₹ 20,274.
Here is how - Skoda Slavia price starts from ₹ 11,76,100 in Mumbai. If you pay a down payment of ₹ 1,76,200 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,274.

The cheapest Slavia model is Classic Petrol 1.0L Turbo Manual which is priced at ₹ 11,76,100 in Mumbai. You will need to pay at least a ₹ 1,76,200 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 Petrol 1.0L Turbo Manual	₹ 11,76,100	₹ 9,99,900
Prestige Petrol 1.0L Turbo Manual	₹ 18,06,787	₹ 15,29,000
Prestige Petrol 1.0L Turbo Automatic (TC)	₹ 19,52,718	₹ 16,54,000
Prestige Petrol 1.5L Turbo Automatic (DCT)	₹ 21,36,004	₹ 18,04,000
Sportline Petrol 1.0L Turbo Manual	₹ 15,99,570	₹ 13,55,000
Sportline Petrol 1.0L Turbo Automatic (TC)	₹ 17,16,316	₹ 14,55,000
Monte Carlo Petrol 1.0L Turbo Automatic (TC)	₹ 19,70,230	₹ 16,69,000
Monte Carlo Petrol 1.5L Turbo Automatic (DCT)	₹ 21,53,542	₹ 18,19,000
Signature Petrol 1.0L Turbo Manual	₹ 15,75,053	₹ 13,34,000
Signature Petrol 1.0L Turbo Automatic (TC)	₹ 16,91,798	₹ 14,34,000

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 Petrol 1.0L Turbo Manual will be ₹ 18,331 but you will have to pay interest of ₹ 5,39,904 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 ₹ 36,855, but your interest payment will be only ₹ 3,26,880 over the 3 years period.

₹ 20,274
Skoda Slavia price starts from ₹ 11,76,100 in Mumbai.

We have considered
Down-payement : ₹ 1,76,200
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 ₹ 3,93,000

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 ₹ 11.76 Lakh, you can get a loan with an annual income as low as ₹ 3.93 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.