Volkswagen Ameo Car Loan EMI Calculator

₹ 11,395.
Here is how - Volkswagen Ameo price starts from ₹ 6,68,111 in Mumbai. If you pay a down payment of ₹ 1,06,111 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,395.

The cheapest Ameo model is Trendline 1.2L (P) which is priced at ₹ 6,68,111 in Mumbai. You will need to pay at least a ₹ 1,06,111 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 Ameo.

Version	On-road price in Mumbai	Max Loan
Trendline 1.2L (P)	₹ 6,68,111	₹ 5,62,000
Comfortline 1.2L (P)	₹ 7,30,399	₹ 6,16,000
Highline1.2L (P) [2016-2018]	₹ 8,59,015	₹ 7,27,500
Trendline 1.5L (D)	₹ 8,64,260	₹ 7,11,500
Comfortline 1.5L (D)	₹ 9,80,030	₹ 8,10,500
Highline1.5L (D) [2016-2018]	₹ 10,13,880	₹ 8,51,000
Comfortline Plus 1.5L AT (D)	₹ 10,94,972	₹ 9,20,500
Highline Plus 1.5L AT (D)16 Alloy	₹ 12,01,515	₹ 9,99,900
Highline1.2L Plus (P) 16 Alloy [2017-2018]	₹ 8,93,619	₹ 7,57,500
Comfortline Plus 1.2L (P)	₹ 7,65,580	₹ 6,46,500
Comfortline Plus 1.5 (D)	₹ 9,39,588	₹ 7,89,900
Highline Plus 1.5L (D)16 Alloy	₹ 11,14,511	₹ 9,25,500
1.0 Pace	₹ 7,12,381	₹ 6,10,000
Trendline 1.0L (P)	₹ 7,14,737	₹ 5,94,000
Comfortline 1.0L (P)	₹ 7,96,316	₹ 6,65,000
Highline Plus 1.0L (P) 16 Alloy	₹ 9,51,317	₹ 7,99,900
Highline1.0L (P)	₹ 8,46,924	₹ 7,27,500
Highline Plus 1.0L (P) Connect Edition	₹ 8,89,406	₹ 7,64,600
Highline Plus 1.5L (D) Connect Edition	₹ 10,57,751	₹ 8,88,600
CUP Edition Petrol	₹ 7,84,826	₹ 6,55,000
CUP Edition Diesel	₹ 9,68,336	₹ 8,00,500
GT Line (D)	₹ 11,87,616	₹ 9,99,900

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 Ameo Trendline 1.2L (P) will be ₹ 10,413 but you will have to pay interest of ₹ 3,12,692 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 ₹ 20,936, but your interest payment will be only ₹ 1,91,696 over the 3 years period.

₹ 11,395
Volkswagen Ameo price starts from ₹ 6,68,111 in Mumbai.

We have considered
Down-payement : ₹ 1,06,111
Tenure : 5 years
Interest Rate : 8%

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

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

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 Ameo starts from ₹ 6.68 Lakh, you can get a loan with an annual income as low as ₹ 2.23 lakh.

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

• 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.