Skoda Karoq Car Loan

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Skoda Karoq Car Loan

Skoda Karoq Car Loan: Features & Benefits

The prime features of the Skoda Karoq Car Loan are as given below:

Features Car Loan
Interest Rate 8.25% to 14.26% (Avg is 9.40%)
Processing Fee 1.00%, a minimum of Rs. 5,000 to a maximum of Rs. 10,000
Loan Tenure Upto 7 years
Lowest EMI Rs. 1,556 per lakh
Loan Amount Upto 100% of ex-showroom price
Prepayment Charges 5% from 13 to 24 months, 3% after 24 months

Skoda Karoq Car Loan Eligibility Criteria

The eligibility criteria to get a Skoda Karoq Car Loan is as follows:

Eligibility Requirements Details
Age 21 years – 60 years
Minimum Annual Income
  • For Salaried Individuals: Rs. 0.01 Lakhs
  • For Self Employed Professionals: Rs. 0.01 Lakhs
  • For Self Employed Businessmen: Rs. 0.01 Lakhs
Minimum Credit Score 700 and above
Loan Tenure Upto 7 years
Loan to Value Ratio 100% of ex-showroom price

Skoda Karoq Car Loan EMI Calculator

Many lenders offer different types of car loans; the easiest way to understand a loan is to use the Car Loan EMI calculator, which allows borrowers to measure the exact monthly cost they would be responsible for for the duration of the loan. Almost all banks use the same simple formula to calculate the EMI value to be reported to the loan recipient.

The formula is:

E= P. r. (1+r)n/[(1+r) n -1]

  • E: refers to the monthly payment or EMI.
  • P: refers to the main amount for which you wish to apply.
  • r: refers to the monthly interest rate computed as a percentage of yearly income,
  • n: refers to the loan term in months.

Skoda Karoq Car Loan Interest Rate, Fees, and Charges

Interest Rate 8.25% to 14.26% (Avg of 9.40%)
Processing Fee Less than Rs. 10,000 or 0.4% of car loan sanctioned
Foreclosure Charges 3% to 6% that depends on the loan tenure (no foreclosure fees for loans disbursed after 6 months ago)
Documentation Fees Rs. 600 each time
Penalty for Late Payment 2% for each month
Financing Quantum Up to 100% depending on customer profile

Documents Required for Skoda Karoq Car Loan

If a customer meets the eligibility criteria required for the Skoda Karoq Car Loan, the loan provider will need the customer to send a few of the required paperwork before the loan can be disbursed in order to authorise his statements and verify some of the specific norms of loan provision. The necessary documents are:

Individual  Documentation
Salaried Employees
  • Two Passport-size photos and a copy of your PAN card
  • Aadhaar, Passport, Driving License, Voter ID, PAN are required for identification proof.
  • Automobile rate quote
  • Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof.
  • 3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit
  • Vehicle Registration and Insurance
Self-Employed Applicants
  • Two Passport-size photos and a copy of your PAN card
  • Aadhaar, Passport, Driving License, Voter ID, and PAN are necessary for identity proof.
  • Car price quote
  • Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport.
  • Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit.
  • Vehicle Registration and Insurance

Skoda Karoq Car

Skoda Karoq Car

Engine and Transmission

Engine Type 1.5L Turbocharged Petrol Engine
Displacement (cc) 1498
Max Power 147.51bhp@5000-6000rpm
Max Torque 250Nm@1500-3500rpm
No. of cylinder 4
Valves Per Cylinder 4
Valve Configuration DOHC
Fuel Supply System Direct Injection
Turbo Charger Yes
Super Charge No
TransmissionType Automatic
Gear Box 7-Speed DSG
Mild Hybrid No
Drive Type FWD

Fuel & Performance

Fuel Type Petrol
Fuel Tank Capacity (Litres) 50.0
Overall Mileage 14.49
Emission Norm Compliance BS VI

Suspension, Steering & Brakes

Front Suspension McPherson strut with lower triangular links and torison stabiliser
Rear Suspension McPherson suspension with lower triangular links and torsion stabiliser
Steering Type Electric
Steering Column Tilt & Adjustable
Steering Gear Type Rack & Pinion
Turning Radius (Metres) 5.1
Front Brake Type Disc
Rear Brake Type Disc

Dimensions & Capacity

Length (mm) 4382
Width (mm) 1841
Height (mm) 1624
Boot Space (Litres) 521
Seating Capacity 5
Wheel Base (mm) 2638
Kerb Weight (Kg) 1320
Gross Weight (Kg) 1881
No of Doors 5

Skoda Karoq Car Price

The Skoda Karoq Car starts at 24.99 lakh rupees. Karoq’s Petrol version costs 24.99 lakh rupees. It comes in a single type. All of the options are set to automatic (Dual Clutch). Skoda Karoq Car is available in six different colours.

Prices of Skoda Karoq Car Exshowroom Delhi

Style AT 1498 cc, Automatic, Petrol Rs. 24.99 Lakh*

Down payment required for Skoda Karoq Car Loan

The down payment for a Skoda Karoq Car at a loan rate of 9.8% is Rs.2.44 lakhs for an EMI amount of Rs.44,363.

About Skoda Karoq Car

Skoda India has officially released the Karoq SUV, which was first unveiled at Auto Expo 2020. The mid-size SUV is priced at Rs 24.99 lakh (ex-showroom). It is carried as a Fully Built-Up Unit and sits below the Kodiaq (CBU). It has similarities to the Kodiaq and is only available in one version. A panoramic sunroof, virtual cockpit, an 8-inch infotainment display, and nine airbags are among the highlights. It is powered by a BS6 1.5-litre TSI petrol engine with 150PS/250Nm and a 7-speed DSG transmission. It competes with the Jeep Compass and the forthcoming facelift of the Hyundai Tucson.

New Safety & Security Features which are found on Every model of Skoda Karoq

The Karoq has a long list of standard safety features, including nine airbags: dual front airbags, front and rear side airbags, driver knee airbag, and front and rear curtain airbags, which is a segment benchmark. Skoda cars ensure that safety is not a problem when driving with features such as ABS with EBD, hill ascent and descent, cruise control, and more.

Skoda Karoq Car Mileage

Fuel Type Transmission ARAI Mileage
Petrol (1498 cc) Automatic (Dual Clutch) 14.49 kmpl

How to get Skoda Karoq Car Loan

Dialabank, India’s First Financial Helpline, is the best choice to apply for a car loan for a Skoda Karoq Car. Those who apply here can save time and money as an outcome. To get a car loan, you must visit the site Dialabank can also be contacted by calling 9878981166.

Skoda Karoq Car News

Dec 30, 2020 –  Skoda Announces Price Hike Across All Models With Effect From January 2021

Skoda is one of the brands that has declared an increment in the prices from January 2021. It has stated the prices will increase by up to 2.5 per cent across its entire model lineup. The carmaker has cited rising input costs and volatility in commodity prices and exchange rates as the reason for the price hike. Under its Indian portfolio, Skoda presently offers just four models: RapidSuperb, Octavia RS245 and Karoq.

Aug 21, 2020 – Skoda Introduces 6-year Extended Warranty And Maintenance Packages

Skoda is offering this programme in three packages: Standard, Enhanced and Comprehensive to new customers starting from Rs 29,999 for 4-year/60,000 km. This can be availed within a year of the vehicle’s purchase or the first service, whichever is earlier. On the other hand, existing customers can avail of the same programme for 2-year/ 30,000km starting from Rs 15,777.

Skoda Karoq Car FAQs

Is there a petrol version of the Skoda Karoq?

No, the Skoda Karoq does not currently offer a petrol engine option.

Is there a diesel version of the Skoda Karoq?

No, the Skoda Karoq does not currently offer a diesel engine option.

What is the engine power of the petrol version of the Skoda Karoq?

The Skoda Karoq petrol engine produces 147.51bhp at 5000-6000rpm.

How much torque does a Skoda Karoq have?

The Skoda Karoq has a torque of 250Nm at 1500-3500rpm.

The Skoda Karoq has how many cylinders?

The Skoda Karoq has four cylinders.