Skoda Fabia [2008-2010] Car Loan EMI Calculator

₹ 10,227.
Here is how - Skoda Fabia [2008-2010] price starts from ₹ 6,04,179 in Bangalore. If you pay a down payment of ₹ 99,821 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,227.

The cheapest Fabia [2008-2010] model is Active 1.2 MPI which is priced at ₹ 6,04,179 in Bangalore. You will need to pay at least a ₹ 99,821 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 Fabia [2008-2010].

Version	On-road price in Bangalore	Max Loan
Classic 1.4 PD TDI	₹ 7,84,443	₹ 6,56,927
Ambiente 1.4 PD TDI	₹ 8,87,503	₹ 7,44,154
Elegance 1.4 PD TDI	₹ 9,40,525	₹ 7,89,030
Elegance 1.2MPI	₹ 8,07,157	₹ 6,76,152
Ambiente 1.2 MPI	₹ 7,54,364	₹ 6,31,470
Classic 1.2 MPI	₹ 6,63,155	₹ 5,54,272
Active 1.2 MPI	₹ 6,04,179	₹ 5,04,358
Active 1.4 PD TDI	₹ 7,21,536	₹ 6,03,685

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 Fabia [2008-2010] Active 1.2 MPI will be ₹ 9,417 but you will have to pay interest of ₹ 2,86,670 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 ₹ 18,933, but your interest payment will be only ₹ 1,77,230 over the 3 years period.

₹ 10,227
Skoda Fabia [2008-2010] price starts from ₹ 6,04,179 in Bangalore.

We have considered
Down-payement : ₹ 99,821
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Fabia [2008-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,02,000

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 Fabia [2008-2010] starts from ₹ 6.04 Lakh, you can get a loan with an annual income as low as ₹ 2.02 lakh.

Here are the most important things you should consider while getting a car loan for a new Fabia [2008-2010]

• 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.