Skoda Octavia [2001-2010] Car Loan EMI Calculator

₹ 20,681.
Here is how - Skoda Octavia [2001-2010] price starts from ₹ 11,48,829 in Navi Mumbai. If you pay a down payment of ₹ 1,28,872 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,681.

The cheapest Octavia [2001-2010] model is Ambiente 1.8 Turbo which is priced at ₹ 11,48,829 in Navi Mumbai. You will need to pay at least a ₹ 1,28,872 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 Octavia [2001-2010].

Version	On-road price in Navi Mumbai	Max Loan
L&K	₹ 14,88,610	₹ 13,25,470
Elegance 1.9 TDI	₹ 13,41,933	₹ 11,93,925
Elegance AT 1.9 TDI	₹ 14,55,386	₹ 13,08,088
RS 1.8 Turbo	₹ 14,61,335	₹ 13,13,459
Rider 1.8 Turbo	₹ 12,04,198	₹ 10,81,286
Rider 1.9 TDI	₹ 12,15,155	₹ 10,91,179
Ambiente 1.9 TDi	₹ 12,72,612	₹ 11,31,756
Rider AT 1.9 TDI	₹ 13,12,201	₹ 11,78,804
Ambiente 1.8 Turbo	₹ 11,48,829	₹ 10,19,957
Elegance Plus 1.9 TDI	₹ 14,52,590	₹ 12,93,167

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 Octavia [2001-2010] Ambiente 1.8 Turbo will be ₹ 17,906 but you will have to pay interest of ₹ 4,84,147 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 ₹ 36,000, but your interest payment will be only ₹ 2,76,043 over the 3 years period.

₹ 20,681
Skoda Octavia [2001-2010] price starts from ₹ 11,48,829 in Navi Mumbai.

We have considered
Down-payement : ₹ 1,28,872
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Octavia [2001-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,83,000

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 Octavia [2001-2010] starts from ₹ 11.49 Lakh, you can get a loan with an annual income as low as ₹ 3.83 lakh.

Here are the most important things you should consider while getting a car loan for a new Octavia [2001-2010]

• 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.