Volkswagen Passat [2007-2014] Car Loan EMI Calculator

₹ 39,790.
Here is how - Volkswagen Passat [2007-2014] price starts from ₹ 22,00,252 in Mumbai. If you pay a down payment of ₹ 2,37,895 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 39,790.

The cheapest Passat [2007-2014] model is 1.8L TSI which is priced at ₹ 22,00,252 in Mumbai. You will need to pay at least a ₹ 2,37,895 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 Passat [2007-2014].

Version	On-road price in Mumbai	Max Loan
2.0 PD DSG	₹ 25,68,267	₹ 23,07,215
2.0 PD DSG S	₹ 27,96,753	₹ 25,13,676
1.8L TSI	₹ 22,00,252	₹ 19,62,357
Highline DSG	₹ 33,04,772	₹ 27,96,172
Comfortline DSG	₹ 30,65,612	₹ 25,93,045
Trendline MT	₹ 26,76,409	₹ 22,62,482

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 Passat [2007-2014] 1.8L TSI will be ₹ 34,294 but you will have to pay interest of ₹ 9,18,339 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 ₹ 68,948, but your interest payment will be only ₹ 5,19,771 over the 3 years period.

₹ 39,790
Volkswagen Passat [2007-2014] price starts from ₹ 22,00,252 in Mumbai.

We have considered
Down-payement : ₹ 2,37,895
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Passat [2007-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,34,000

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 Passat [2007-2014] starts from ₹ 22.00 Lakh, you can get a loan with an annual income as low as ₹ 7.34 lakh.

Here are the most important things you should consider while getting a car loan for a new Passat [2007-2014]

• 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.