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Volvo S60 Car Loan EMI Calculator

Volvo S60
Volvo S60 56.03 Lakh
Versions T4 Inscription
City Mumbai

Adjust S60 Car Loan Parameters

93,069 EMI for 5 Years
On-Road Price
56,02,960
Down Payment
Loan Tenure
Loan Interest Rate
%

Volvo S60 T4 Inscription Car Loan EMI

On-Road Price ₹56,02,960
Ex-Showroom Price ₹45,90,000
Max Loan Amount ₹45,90,000
Down Payment as per
your Selection
10,12,960
Loan Amount 45,90,000
EMI Amount 93,069
Interest Component 9,94,140 (17.8%)
Principal Component 45,90,000 (82.2%)
Total Payable over 5 Years 55,84,140
Note: This doesn't include bank processing fee.

Volvo S60 Loan Repayment Schedule

This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

Months Principal Paid Interest Paid Balance Loan
12 ₹7,77,730 ₹3,39,094 ₹38,12,270
24 ₹8,42,281 ₹2,74,543 ₹29,69,989
36 ₹9,12,190 ₹2,04,634 ₹20,57,798
48 ₹9,87,902 ₹1,28,922 ₹10,69,897
60 ₹10,69,897 ₹46,927 ₹0

Volvo S60 EMI

Volvo S60 Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹10.13 Lakh

On-Road Price in Mumbai Down Payment EMI
T4 Inscription
₹56,02,960
10,12,960 93,069

FAQ’s

₹93,069.

Here is how - Volvo S60 price starts from ₹56,02,960 in Mumbai. If you pay a down payment of ₹10,12,960 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹93,069.

The cheapest S60 model is T4 Inscription which is priced at ₹93,069 in Delhi.

You will need to pay at least a ₹7,92,764 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 S60.

VersionOn-road price MumbaiMax Loan
T4 Inscription56029604590000

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 S60 will be ₹71,541 but you will have to pay interest of ₹14,19,444 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹1,43,834, but your interest payment will be only ₹5,88,024 over the period of 3 years period.

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