Volvo S80 [2006-2014] Car Loan EMI Calculator

₹ 89,016.
Here is how - Volvo S80 [2006-2014] price starts from ₹ 54,57,909 in Mumbai. If you pay a down payment of ₹ 10,67,797 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 89,016.

The cheapest S80 [2006-2014] model is Kinetic D4 which is priced at ₹ 54,57,909 in Mumbai. You will need to pay at least a ₹ 10,67,797 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 S80 [2006-2014].

Version	On-road price in Mumbai	Max Loan
Summum D5	₹ 59,21,623	₹ 47,67,307
3.2	₹ 50,41,457	₹ 41,49,310
V8 AWD	₹ 54,42,144	₹ 44,50,000
Kinetic D4	₹ 54,57,909	₹ 43,90,112
Summum D4	₹ 48,30,217	₹ 39,02,904

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 S80 [2006-2014] Kinetic D4 will be ₹ 85,068 but you will have to pay interest of ₹ 27,55,600 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 ₹ 1,71,031, but your interest payment will be only ₹ 17,67,004 over the 3 years period.

₹ 89,016
Volvo S80 [2006-2014] price starts from ₹ 54,57,909 in Mumbai.

We have considered
Down-payement : ₹ 10,67,797
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S80 [2006-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 18,20,000

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 S80 [2006-2014] starts from ₹ 54.58 Lakh, you can get a loan with an annual income as low as ₹ 18.20 lakh.

Here are the most important things you should consider while getting a car loan for a new S80 [2006-2014]

• 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.