Interest Component | ₹9,94,140 (17.8%) |
Principal Component | ₹45,90,000 (82.2%) |
Total Payable over 5 Years | ₹ 55,84,140 |
Versions T4 Inscription |
City Mumbai |
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 |
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 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 |
₹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.
Version | On-road price Mumbai | Max Loan |
T4 Inscription | 5602960 | 4590000 |
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.
Everything about S60
S60 from every angle
On-road price detail
ARAI and Owner reported mileage
Our expert take on S60