Car Loan for Volkswagen Tiguan Car: Features & Benefits
Volkswagen Tiguan Car loan is something extraordinary, something that you might have never seen before. The major features of that loan are:
Features |
Car Loan |
Interest Rate |
9.8% onwards
|
Processing Fee |
1% of the amount
|
Loan Tenure |
5 years |
Lowest EMI |
Rs. 76285 |
Loan Amount |
Rs. 36.07 lakhs
|
Prepayment Charges |
– |
Volkswagen Tiguan Car Loan Eligibility Criteria
The eligibility criteria required to avail a Volkswagen Tiguan Car loan, is:
Eligibility Criteria |
Eligibility Details
|
Age |
21 years – 60 years
|
Minimum Annual Income |
Salaried: ₹ 0.01 Lakhs
Self Employed Professionals: ₹ 0.01 Lakhs Self Employed Businessmen: ₹ 0.01 Lakhs |
Minimum Credit Score |
700 and above
|
Loan Tenure |
5 years |
Loan to Value Ratio |
100% of ex-showroom price
|
Volkswagen Tiguan Car Loan EMI Calculator
Each bank offers different varieties in loans and each one comes with its own features and perks. For an applicant to understand the nuances of the working of a car loan and it’s features. To understand it better and to be able to plan their expenses, the use of a Car Loan EMI Calculator would be helpful. This would help the individuals plan their expenses, assess their needs and check if availing this loan would fit within their budget.
- The method in which the Volkswagen Tiguan Car Loan calculates your EMI would be one of a kind, a kind that you might have never seen before.
- However, in the end, all the banks do use the same basic formula to calculate their EMI value which needs to be told/informed to the applicant. The formula that they use is:
E= P. r. (1+r)n/[(1+r) n -1]
E: denotes the monthly payment or EMI.
P: denotes the main amount for which you wish to apply.
r: is the monthly interest rate computed as a percentage of yearly income,
n: is the loan term in months.
Volkswagen Tiguan Car Loan Interest Rate, Fees, and Charges
Interest Rate |
9.8% onwards
|
Processing Fee |
1% of the amount
|
Foreclosure Charges |
3-6% after 6 months and no foreclosure charges for less than 6 months
|
Documentation Fees |
Rs. 500, non-refundable
|
Penalty for Late Payment |
3% each month
|
Financing Quantum |
up to 100% depending on customer profile
|
Documents Required for Volkswagen Tiguan Car Loan
After the applicant chooses the bank of their choice and goes through the eligibility criteria, before finalising and availing the loan, they would be asked to submit a few documents as proof for verification. This would help in making it easier for them to avail the car loan. The documents required to do the same are:
Individual |
Documentation
|
Salaried Applicant |
Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification. Automobile 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 Applicant |
Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification. 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 |
Volkswagen Tiguan Car
Engine and Transmission
Engine Type |
TSI Petrol Engine
|
Displacement (cc) | 1984 cc |
Max Power |
187.74bhp@4200rpm
|
Max Torque |
320nm@1500-4100rpm
|
No. of cylinder | 4 |
Valves Per Cylinder | 4 |
Valve Configuration | DOHC |
TransmissionType | Automatic |
Gear Box | 7 speed DSG |
Volkswagen Tiguan Car Price
The starting price of the Volkswagen Tiguan Allspace is Rs. 34.20 lakhs. However, the lowest priced model in this model is the Volkswagen Tiguan Allspace 4Motion and the most expensive model is the Volkswagen Tiguan Allspace 4Motion which is available at a price of Rs. 34.20 lakhs. The ex-showroom price for the Volkswagen Tiguan Car is Rs. 34,20,000, along with the RTO cost of Rs. 3,52,730, insurance cost of Rs. 1,62,797 and other miscellaneous expenses at Rs.54,200. The payment of the miscellaneous expenses is purely optional. There is no compulsion to pay that. Because of the 1984cc engine, you would be having to spend Rs. 3,155 per month on fuel.
Prices of Volkswagen Tiguan Ex-showroom Delhi
Model Variant |
Key specs |
Ex-Showroom Price
|
Tiguan Allspace 4Motion | 1984 cc, Automatic, Petrol, 17.01 kmpl | 34.20 lakhs |
Downpayment required for Volkswagen Tiguan Car loan
The second edition of Tiguan was launched into the Indian market on the 24th of May, 2017 which was initially present in the market in the SWB variant. It was initially available in two trim levels as comforting and Highline. The Indian Tiguan is locally assembled in Aurangabad. It was later showcased at the Auto Expo 2020 and was launched full-fledged into the Indian Market. Owing to all of these extra features and its legendary history. There would be a certain amount that you would be required to pay as a downpayment which would not be covered by the bank or the loan. The downpayment that an applicant would be required to pay for a Volkswagen Tiguan Car is approximately 4 lakhs.
About Volkswagen Tiguan Car
The name Tiguan in german means “tiger” and it has won many accolades for the choice and the meaning behind the name of this model. The model sticks to its name and has been delivering excellent performance. The second generation was officially launched into the Indian market in 2020, since then they’ve face tremendous success despite the current situation. As of the spring of 2020, six million units had been sold worldwide, with 910,926 units manufactured in 2019 alone. This makes the Tiguan the best-selling car overall in the Volkswagen Group
How to get Volkswagen Tiguan Car Loan
Volkswagen Tiguan. The name in itself attracts more customers than just the features. Buying this car would be a dream come true to many. Many keep this as their life goal. This is because of its new sturdy appearance and modern features which is making it immensely popular. However, all the banks and the NBFC’s would not be able to handle the expenses completely by funding you the whole value for such a luxurious car, not just you but their customers in general. To protect the needs of such customers in distress, the solution to all of this would be to avail a car loan for the Volkswagen Tiguan Car can be done with the help of India’s first and the best Financial Helpline, Dialabank.
To apply for a loan, visit our website at Dialabank or You could contact us at 9878981166
FAQs Car Loan for Volkswagen Tiguan
✅ Is Volkswagen Tiguan a good investment?
Yes, Volkswagen Tiguan would be one of your best investments and not just good. With the excellent features and it being one of the best-selling models in that brand, it would definitely not disappoint you.
✅ What is the Volkswagen Tiguan’s on-road price?
The on-road price for Volkswagen Tiguan is 34.20 lakhs.
✅ What are the documents required to be submitted for a car loan for Volkswagen Tiguan?
The documents required for the Volkswagen Tiguan Car Loan would be the usual identity documents, income proof documents, residence documents and photo proof.
✅ What is the processing fee for a Volkswagen Tiguan car loan?
The processing fee for the Volkswagen Tiguan Car loan is 1% of the loan amount.