| Interest Component | ₹5,81,520 (17.8%) |
| Principal Component | ₹26,85,000 (82.2%) |
| Total Payable over 5 Years | ₹ 32,66,520 |
Skoda Octavia Car Loan EMI Calculator
Skoda
Octavia
₹ 37.32 - 41.44 Lakh
| Versions Style 2.0 | City Mumbai |
Adjust Octavia Car Loan Parameters
₹
54,442
EMI for 5 Years
On-Road Price
₹ 37,32,272
Down Payment
₹
Loan Tenure
Loan Interest Rate
%
Total Loan Taken
₹ 26,85,000
Skoda Octavia Style 2.0 Car Loan EMI
| On-Road Price | ₹37,32,272 |
| Ex-Showroom Price | ₹26,85,000 |
| Max Loan Amount | ₹26,85,000 |
| Down Payment as per your Selection | ₹10,47,272 |
| Loan Amount | ₹26,85,000 |
| EMI Amount | ₹54,442 |
Skoda Octavia Loan Repayment Schedule
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
| Months | Principal Paid | Interest Paid | Balance Loan |
| 12 | ₹4,54,947 | ₹1,98,359 | ₹22,30,053 |
| 24 | ₹4,92,707 | ₹1,60,598 | ₹17,37,346 |
| 36 | ₹5,33,601 | ₹1,19,704 | ₹12,03,745 |
| 48 | ₹5,77,890 | ₹75,415 | ₹6,25,855 |
| 60 | ₹6,25,855 | ₹27,451 | ₹0 |
Skoda Octavia EMI
Skoda Octavia Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹10.47 Lakh
| On-Road Price in Mumbai | Down Payment | EMI |
| 2.0 Style ₹37,32,272 |
₹10,47,272 | ₹54,442 |
| 2.0 L&K ₹41,44,367 |
₹11,59,367* | ₹60,525 |
* Min down payment requirement for this model is higher then your selected value
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FAQs
₹54,442.
Here is how - Skoda Octavia price starts from ₹37,32,272 in Mumbai. If you pay a down payment of ₹10,47,272 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹54,442.
The cheapest Octavia model is Style 2.0 which is priced at ₹54,442 in Delhi.
You will need to pay at least a ₹7,27,729 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 Octavia.
| Version | On-road price Mumbai | Max Loan |
| Style 2.0 | 3732272 | 2685000 |
| L&K 2.0 | 4144367 | 2985000 |
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 Octavia will be ₹41,849 but you will have to pay interest of ₹8,30,316 over the period of 7 years.
2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹93,539, but your interest payment will be only ₹3,82,404 over the period of 3 years period.
Disclaimer : The EMI calculator performs the calculation as per the information entered by you and this does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest whole figure. The actual down payment and EMI payment may vary depending upon type and use of vehicle, lender requirements and your credit strength. Check with a financial institution for the exact payment.
