Volvo S80 [2015-2017] Car Loan EMI Calculator

₹ 95,484.
Here is how - Volvo S80 [2015-2017] price starts from ₹ 56,89,294 in Chennai. If you pay a down payment of ₹ 9,80,169 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 95,484.

The cheapest S80 [2015-2017] model is Momentum which is priced at ₹ 56,89,294 in Chennai. You will need to pay at least a ₹ 9,80,169 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 [2015-2017].

Version	On-road price in Chennai	Max Loan
Momentum	₹ 56,89,294	₹ 47,09,125
Inscription	₹ 61,69,109	₹ 51,10,095

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 [2015-2017] Momentum will be ₹ 88,675 but you will have to pay interest of ₹ 27,39,575 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 ₹ 1,78,282, but your interest payment will be only ₹ 17,09,027 over the 3 years period.

₹ 95,484
Volvo S80 [2015-2017] price starts from ₹ 56,89,294 in Chennai.

We have considered
Down-payement : ₹ 9,80,169
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S80 [2015-2017] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 18,97,000

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 [2015-2017] starts from ₹ 56.89 Lakh, you can get a loan with an annual income as low as ₹ 18.97 lakh.

Here are the most important things you should consider while getting a car loan for a new S80 [2015-2017]

• 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.