Volvo S80 [2006-2014] Car Loan EMI Calculator

₹ 62,897.
Here is how - Volvo S80 [2006-2014] price starts from ₹ 36,35,450 in Bangalore. If you pay a down payment of ₹ 5,33,450 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 62,897.

The cheapest S80 [2006-2014] model is Kinetic D4 which is priced at ₹ 36,35,450 in Bangalore. You will need to pay at least a ₹ 5,33,450 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 [2006-2014].

Version	On-road price in Bangalore	Max Loan
Summum D5	₹ 58,85,644	₹ 47,20,600
Kinetic D4	₹ 36,35,450	₹ 31,02,000
Summum D4	₹ 54,32,397	₹ 43,57,072

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 [2006-2014] Kinetic D4 will be ₹ 56,663 but you will have to pay interest of ₹ 16,57,692 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 ₹ 1,13,922, but your interest payment will be only ₹ 9,99,192 over the 3 years period.

₹ 62,897
Volvo S80 [2006-2014] price starts from ₹ 36,35,450 in Bangalore.

We have considered
Down-payement : ₹ 5,33,450
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S80 [2006-2014] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 12,12,000

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 [2006-2014] starts from ₹ 36.35 Lakh, you can get a loan with an annual income as low as ₹ 12.12 lakh.

Here are the most important things you should consider while getting a car loan for a new S80 [2006-2014]

• 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.