Skoda Kylaq Base Variant EMI: How Much You’ll Pay After ₹2 Lakh Down Payment

The car manufacturer, Skoda, has many good models in the Indian market. The Kylaq is also offered by the company in the Indian market. If you are intending to purchase the base model of this SUV car, i.e., Classic, in manual transmission, how much EMI are you supposed to pay each month once you make an exchange or down payment of 2 lakh rupees to possess this car?

Skoda is offering the Classic Manual as the starting model of the Kylaq. The starting model of this SUV will be available at an ex-showroom price of ₹7.59 lakh. When you buy this SUV, you will have to pay some more prices such as registration tax and RTO charges apart from the ex-showroom price of ₹7.59 lakh. To buy this vehicle, you will require some more prices such as RTO charges of ₹53,000 and Insurance of ₹34,000. After this, the on-road price of the vehicle in Delhi becomes ₹8.55 lakh.

If you purchase the manual base variant of the Skoda Kylaq, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹2 lakh, you will have to finance approximately ₹6.55 lakh from the bank. If you are given ₹6.55 lakh for seven years at 9% interest, you will have to pay an EMI of only ₹10,548 per month for the next seven years.

If you take a car loan of Rs 6.55 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 10548 every month for seven years. In such a situation, in seven years you will pay around Rs 2.30 lakh as interest for the Classic Manual variant of Skoda Kylaq. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 10.86 lakh.

The new car from Skoda is brought in the compact SUV segment. In this segment, it competes directly with compact SUVs like Hyundai Venue, Kia Sonet and Kia Syros, Tata Nexon, Maruti Brezza, Nissan Magnite, Renault Kiger.