Volkswagen Virtus Car Loan EMI Calculator

₹ 22,951.
Here is how - Volkswagen Virtus price starts from ₹ 13,40,611 in Mumbai. If you pay a down payment of ₹ 2,08,711 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,951.

The cheapest Virtus model is Comfortline 1.0 TSI MT which is priced at ₹ 13,40,611 in Mumbai. You will need to pay at least a ₹ 2,08,711 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 Virtus.

Version	On-road price in Mumbai	Max Loan
Comfortline 1.0 TSI MT	₹ 13,40,611	₹ 11,31,900
Highline 1.0 TSI MT	₹ 15,57,757	₹ 13,17,900
Highline 1.0 TSI AT	₹ 17,09,526	₹ 14,47,900
Topline 1.0 TSI MT	₹ 17,35,210	₹ 14,69,900
Topline 1.0 TSI AT	₹ 18,91,059	₹ 15,99,900
GT Plus 1.5 TSI EVO DSG	₹ 21,81,817	₹ 18,41,900

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 Virtus Comfortline 1.0 TSI MT will be ₹ 20,895 but you will have to pay interest of ₹ 6,23,280 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 ₹ 42,010, but your interest payment will be only ₹ 3,80,460 over the 3 years period.

₹ 22,951
Volkswagen Virtus price starts from ₹ 13,40,611 in Mumbai.

We have considered
Down-payement : ₹ 2,08,711
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,47,000

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 Virtus starts from ₹ 13.41 Lakh, you can get a loan with an annual income as low as ₹ 4.47 lakh.

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

• 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.