Volkswagen Polo [2010-2012] Car Loan EMI Calculator

₹ 13,150.
Here is how - Volkswagen Polo [2010-2012] price starts from ₹ 7,24,988 in Pune. If you pay a down payment of ₹ 76,435 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,150.

The cheapest Polo [2010-2012] model is Highline 1.6L (P) which is priced at ₹ 7,24,988 in Pune. You will need to pay at least a ₹ 76,435 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 Polo [2010-2012].

Version	On-road price in Pune	Max Loan
Highline 1.6L (P)	₹ 7,24,988	₹ 6,48,553
Highline1.2L D	₹ 8,05,493	₹ 7,24,153

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 Polo [2010-2012] Highline 1.6L (P) will be ₹ 11,300 but you will have to pay interest of ₹ 3,00,647 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 ₹ 22,718, but your interest payment will be only ₹ 1,69,295 over the 3 years period.

₹ 13,150
Volkswagen Polo [2010-2012] price starts from ₹ 7,24,988 in Pune.

We have considered
Down-payement : ₹ 76,435
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Polo [2010-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,42,000

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 Polo [2010-2012] starts from ₹ 7.25 Lakh, you can get a loan with an annual income as low as ₹ 2.42 lakh.

Here are the most important things you should consider while getting a car loan for a new Polo [2010-2012]

• 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.