Skoda Kushaq is a well-known name in the Indian compact SUV market, famous for its attractive design and premium features. Equipped with modern features like sunroof and 6 airbags, this SUV has also received a 5-star safety rating in the Global NCAP crash test, which makes it unmatched in terms of safety as well.
Now buying this luxurious and safe SUV has become even easier. Skoda Kushaq is now easily available at a very affordable starting price of 10.99 lakh (ex-showroom) rupees. And if you don’t have such a huge amount at once, then no need to worry.
You can also finance it and pay in easy installments. With a small down payment of just 2 lakh rupees, you can also bring this amazing feature-loaded SUV home. Even if your monthly income is ₹ 50,000, you can easily pay its EMI. So let’s know the whole math of this great finance plan.
2025 Skoda Kushaq On-Road Price
If you are thinking of buying this SUV through a finance plan, then first of all it is important to know its on-road price. The on-road price of the base variant of Skoda Kushaq in New Delhi is around ₹ 12,65,200. This price is inclusive of the registration, insurance and the other necessary hidden charges. Slight changes in this price are possible according to different cities and variants.
Easy EMI and Down Payment
If you buy this cool SUV with a down payment of ₹ 2 lakh, then you will have to take a loan of ₹ 10,65,200 from the bank. Suppose you take this loan for 5 years, then you will have to pay an EMI of around ₹ 22,000 every month. This EMI can be quite convenient according to your budget, especially if your monthly income is around ₹ 50,000.
How much interest will be charged on the loan
Let us assume that the bank gives you this loan at an interest rate of 9 percent. In this case, over 5 years, you will have to pay around ₹ 13,26,700 to the bank through EMI. This total amount includes both the principal loan amount and the interest charged on it. It is important to note that the bank decides the interest rate based on your credit history (CIBIL score).
Therefore, having a good credit score can help you get a better interest rate. Also, there may be a slight difference in the loan amount and interest rate in different banks and cities. Our advice is that before taking a car loan, definitely contact any official bank or finance company and choose the best option according to your needs.