Skoda Laura Car Loan EMI Calculator

₹ 26,024.
Here is how - Skoda Laura price starts from ₹ 14,43,661 in Mumbai. If you pay a down payment of ₹ 1,60,176 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 26,024.

The cheapest Laura model is Classic 1.8 TSI which is priced at ₹ 14,43,661 in Mumbai. You will need to pay at least a ₹ 1,60,176 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 Laura.

Version	On-road price in Mumbai	Max Loan
Ambiente 1.8 TSI	₹ 15,63,369	₹ 13,90,685
Ambiente 1.9 TDI MT	₹ 15,73,190	₹ 13,99,032
Ambiente 1.9 TDI AT	₹ 16,66,316	₹ 14,82,428
Elegance 1.9 TDI MT	₹ 17,51,763	₹ 15,55,365
Elegance 1.9 TDI AT	₹ 18,33,261	₹ 16,28,347
L&K 2.0 TDI AT	₹ 23,00,235	₹ 19,75,755
Ambiente 2.0 TDI CR MT	₹ 16,15,324	₹ 14,37,212
Ambiente 2.0 TDI CR AT	₹ 17,43,321	₹ 15,51,834
Elegance 2.0 TDI CR MT	₹ 19,61,293	₹ 16,82,725
Elegance 2.0 TDI CR AT	₹ 21,09,924	₹ 18,11,223
Classic 1.8 TSI	₹ 14,43,661	₹ 12,83,485
RS	₹ 19,39,344	₹ 16,93,024
Ambition 1.8 TSI	₹ 17,23,034	₹ 15,02,724
Ambition 2.0 TDI CR AT	₹ 19,31,506	₹ 16,56,973
Ambition 2.0 TDI CR MT	₹ 17,37,196	₹ 14,92,442
Active 1.8 TSI	₹ 15,16,963	₹ 13,24,951
Ambition 1.8 TSI AT	₹ 18,39,922	₹ 16,05,556

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 Laura Classic 1.8 TSI will be ₹ 22,501 but you will have to pay interest of ₹ 6,06,599 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 ₹ 45,239, but your interest payment will be only ₹ 3,45,119 over the 3 years period.

₹ 26,024
Skoda Laura price starts from ₹ 14,43,661 in Mumbai.

We have considered
Down-payement : ₹ 1,60,176
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,82,000

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 Laura starts from ₹ 14.44 Lakh, you can get a loan with an annual income as low as ₹ 4.82 lakh.

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

• 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.