Volkswagen Virtus Car Loan EMI Calculator

₹ 21,714.
Here is how - Volkswagen Virtus price starts from ₹ 12,67,896 in Mumbai. If you pay a down payment of ₹ 1,96,996 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,714.

The cheapest Virtus model is Comfortline Petrol 1.0L Turbo Manual which is priced at ₹ 12,67,896 in Mumbai. You will need to pay at least a ₹ 1,96,996 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
Topline Petrol 1.0L Turbo Manual	₹ 17,91,493	₹ 15,15,900
Topline Petrol 1.0L Turbo Automatic (TC)	₹ 19,30,420	₹ 16,34,900
GT Plus Petrol 1.5L Turbo Automatic (DCT) Chrome	₹ 22,30,592	₹ 18,84,900
Comfortline Petrol 1.0L Turbo Manual	₹ 12,67,896	₹ 10,70,900
Highline Petrol 1.0L Turbo Manual	₹ 15,94,783	₹ 13,50,900
Highline Petrol 1.0L Turbo Automatic (TC)	₹ 17,34,878	₹ 14,70,900
GT Line Petrol 1.0L Turbo Manual	₹ 16,92,849	₹ 14,34,900
Highline Plus Petrol 1.0L Turbo Manual	₹ 16,41,482	₹ 13,90,900
Highline Plus Petrol 1.0L Turbo Automatic (TC)	₹ 17,68,733	₹ 14,99,900
GT Line Petrol 1.0L Turbo Automatic (TC)	₹ 18,02,000	₹ 15,24,900
GT Plus Petrol 1.5L Turbo Automatic (DCT) Sport	₹ 22,71,514	₹ 19,19,900
Anniversary Edition Petrol 1.5L Turbo Automatic (DCT)	₹ 22,71,514	₹ 19,19,900

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 Petrol 1.0L Turbo Manual will be ₹ 19,762 but you will have to pay interest of ₹ 5,89,108 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 ₹ 39,731, but your interest payment will be only ₹ 3,59,416 over the 3 years period.

₹ 21,714
Volkswagen Virtus price starts from ₹ 12,67,896 in Mumbai.

We have considered
Down-payement : ₹ 1,96,996
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 ₹ 4,23,000

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 ₹ 12.68 Lakh, you can get a loan with an annual income as low as ₹ 4.23 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.