Volvo V90 Cross Country Car Loan EMI Calculator

₹ 1,35,467.
Here is how - Volvo V90 Cross Country price starts from ₹ 84,67,124 in Bangalore. If you pay a down payment of ₹ 17,86,124 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,35,467.

The cheapest V90 Cross Country model is D5 Inscription [2017-2020] which is priced at ₹ 84,67,124 in Bangalore. You will need to pay at least a ₹ 17,86,124 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 V90 Cross Country.

Version	On-road price in Bangalore	Max Loan
D5 Inscription [2017-2020]	₹ 84,67,124	₹ 66,81,000
D5 Inscription	₹ 84,84,326	₹ 66,81,000

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 V90 Cross Country D5 Inscription [2017-2020] will be ₹ 1,31,970 but you will have to pay interest of ₹ 44,04,480 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 ₹ 2,65,329, but your interest payment will be only ₹ 28,70,844 over the 3 years period.

₹ 1,35,467
Volvo V90 Cross Country price starts from ₹ 84,67,124 in Bangalore.

We have considered
Down-payement : ₹ 17,86,124
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy V90 Cross Country with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 28,23,000

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 V90 Cross Country starts from ₹ 84.67 Lakh, you can get a loan with an annual income as low as ₹ 28.23 lakh.

Here are the most important things you should consider while getting a car loan for a new V90 Cross Country

• 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.