Volkswagen Passat [2007-2014] Car Loan EMI Calculator

₹ 39,168.
Here is how - Volkswagen Passat [2007-2014] price starts from ₹ 19,31,710 in Pune. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 39,168.

Here is a model wise list of max loan amount for Passat [2007-2014].

Version	On-road price in Pune	Max Loan
Highline DSG	₹ 32,54,147	₹ 27,85,239
Comfortline DSG	₹ 30,18,073	₹ 25,82,899
Trendline MT	₹ 26,33,885	₹ 22,53,610

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 Passat [2007-2014] 1.8L TSI will be ₹ 30,108 but you will have to pay interest of ₹ 5,97,362 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 ₹ 60,533, but your interest payment will be only ₹ 2,47,478 over the 3 years period.

₹ 39,168
Volkswagen Passat [2007-2014] price starts from ₹ 19,31,710 in Pune.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Passat [2007-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,44,000

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 Passat [2007-2014] starts from ₹ 19.32 Lakh, you can get a loan with an annual income as low as ₹ 6.44 lakh.

Here are the most important things you should consider while getting a car loan for a new Passat [2007-2014]

• 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.