Skoda Slavia Car Loan EMI Calculator

₹ 21,675.
Here is how - Skoda Slavia price starts from ₹ 12,67,178 in Mumbai. If you pay a down payment of ₹ 1,98,178 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,675.

The cheapest Slavia model is Classic 1.0L TSI MT which is priced at ₹ 12,67,178 in Mumbai. You will need to pay at least a ₹ 1,98,178 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 Slavia.

Version	On-road price in Mumbai	Max Loan
Classic 1.0L TSI MT	₹ 12,67,178	₹ 10,69,000
Signature 1.0L TSI MT	₹ 16,52,438	₹ 13,99,000
Signature 1.5L TSI MT	₹ 18,39,357	₹ 15,49,000
Prestige 1.0L TSI MT	₹ 18,90,008	₹ 15,99,000
Prestige 1.5L TSI MT	₹ 20,73,198	₹ 17,49,000
Signature 1.0L TSI AT	₹ 17,84,937	₹ 15,09,000
Signature 1.5L TSI AT	₹ 19,79,661	₹ 16,69,000
Prestige 1.0L TSI AT	₹ 20,18,428	₹ 17,09,000
Prestige 1.5L TSI AT	₹ 22,13,502	₹ 18,69,000

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 Slavia Classic 1.0L TSI MT will be ₹ 19,751 but you will have to pay interest of ₹ 5,90,084 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 ₹ 39,709, but your interest payment will be only ₹ 3,60,524 over the 3 years period.

₹ 21,675
Skoda Slavia price starts from ₹ 12,67,178 in Mumbai.

We have considered
Down-payement : ₹ 1,98,178
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,23,000

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 Slavia starts from ₹ 12.67 Lakh, you can get a loan with an annual income as low as ₹ 4.23 lakh.

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

• 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.