Volvo XC60 [2010-2013] Car Loan EMI Calculator

₹ 66,953.
Here is how - Volvo XC60 [2010-2013] price starts from ₹ 38,67,786 in Kolkata. If you pay a down payment of ₹ 5,65,786 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 66,953.

The cheapest XC60 [2010-2013] model is Kinetic D4 which is priced at ₹ 38,67,786 in Kolkata. You will need to pay at least a ₹ 5,65,786 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 XC60 [2010-2013].

Version	On-road price in Kolkata	Max Loan
Kinetic D4	₹ 38,67,786	₹ 33,02,000
Summum D4	₹ 41,08,253	₹ 35,09,000

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 XC60 [2010-2013] Kinetic D4 will be ₹ 60,284 but you will have to pay interest of ₹ 17,61,856 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 ₹ 1,21,202, but your interest payment will be only ₹ 10,61,272 over the 3 years period.

₹ 66,953
Volvo XC60 [2010-2013] price starts from ₹ 38,67,786 in Kolkata.

We have considered
Down-payement : ₹ 5,65,786
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XC60 [2010-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 12,90,000

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 XC60 [2010-2013] starts from ₹ 38.68 Lakh, you can get a loan with an annual income as low as ₹ 12.90 lakh.

Here are the most important things you should consider while getting a car loan for a new XC60 [2010-2013]

• 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.