Skoda Laura Car Loan EMI Calculator

₹ 25,358.
Here is how - Skoda Laura price starts from ₹ 13,48,617 in Chandigarh. If you pay a down payment of ₹ 98,015 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,358.

The cheapest Laura model is Classic 1.8 TSI which is priced at ₹ 13,48,617 in Chandigarh. You will need to pay at least a ₹ 98,015 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 Laura.

Version	On-road price in Chandigarh	Max Loan
Ambiente 1.8 TSI	₹ 14,61,249	₹ 13,56,296
Ambiente 1.9 TDI MT	₹ 14,74,542	₹ 13,86,473
Ambiente 1.9 TDI AT	₹ 15,61,426	₹ 14,68,776
Elegance 1.9 TDI MT	₹ 16,41,413	₹ 15,40,758
Elegance 1.9 TDI AT	₹ 17,17,447	₹ 16,12,784
L&K 2.0 TDI AT	₹ 20,68,295	₹ 19,26,885
Ambiente 2.0 TDI CR MT	₹ 15,09,719	₹ 14,01,780
Ambiente 2.0 TDI CR AT	₹ 16,32,924	₹ 15,13,642
Elegance 2.0 TDI CR MT	₹ 17,63,719	₹ 16,41,072
Elegance 2.0 TDI CR AT	₹ 18,97,280	₹ 17,66,405
Classic 1.8 TSI	₹ 13,48,617	₹ 12,50,602
RS	₹ 17,74,427	₹ 16,51,119
Ambition 1.8 TSI	₹ 16,16,592	₹ 14,65,505
Ambition 2.0 TDI CR AT	₹ 17,36,954	₹ 16,15,955
Ambition 2.0 TDI CR MT	₹ 15,61,940	₹ 14,55,476
Active 1.8 TSI	₹ 13,87,850	₹ 12,92,111
Ambition 1.8 TSI AT	₹ 17,30,486	₹ 15,65,805

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 Laura Classic 1.8 TSI will be ₹ 21,020 but you will have to pay interest of ₹ 5,15,078 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 ₹ 42,261, but your interest payment will be only ₹ 2,70,794 over the 3 years period.

₹ 25,358
Skoda Laura price starts from ₹ 13,48,617 in Chandigarh.

We have considered
Down-payement : ₹ 98,015
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Laura with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,50,000

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 Laura starts from ₹ 13.49 Lakh, you can get a loan with an annual income as low as ₹ 4.50 lakh.

Here are the most important things you should consider while getting a car loan for a new Laura

• 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.