Volkswagen Vento car loan

Volkswagen Vento Car Loan – Features & Benefits

Interest Rate Volkswagen Vento Car Loan	8.50% – 10.5 % Per Annum
Loan Amount	Upto 100% of the total amount
Tenure	12 – 84 Months
Lowest EMI per Lakh	Rs 1,666
Processing Fee	Rs 2,500 – Rs 10,000
Prepayment Charges	Varies with Banks

 

Volkswagen Vento Car Loan – Eligibility Criteria

Particulars	Details
Minimum Age of the Applicant	18 years
Maximum Age of the Applicant	60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income	Rs. 100000 net annual income. for salaried individuals, and Net profit Rs. 60000 p.m. for Self – Employed individuals
Car Model	Any approved car model
Type of Employment	Salaried or self-employed
Country or Place of Residence	India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence	A minimum of 1 year

 

Volkswagen Vento Car – Loan EMI Calculator

Equated Monthly Instalment (acronym – EMI) is the amount to be paid to the Bank/NBFC till the loan is completely repaid. It includes the amount that the bank paid to cover the charges for Volkswagen Vento Car Loan* and the interest on that amount.
DialaBank provides the ideal Car Loan EMI Calculator for Volkswagen Vento Car Loan. The EMI Calculator would assist you to make an educated and wise decision about the loan amount, the interest rate, the tenure, and the consequents cost of EMIs.

The formula to calculate Maruti Suzuki Car Loan EMI is given below
E is EMI
P is Principal Loan Amount
r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)
n is loan term / tenure / duration in number of months

*- The loan amount for an individual depends on various criteria described above.

Volkswagen Vento Car Loan – Loan Interest Rate, Fees, and Charges

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

Apart from the charges mentioned above, there are a variety of fees associated with car loans. Fees such as stamp duty, road tax, loan cancellation fees, loan bank transfer fees, etc.
These various charges are the same for all lenders. However, there could be minor differences that are subject to regional charges.

Volkswagen Vento Car Loan – Documents Required 

Documents required for a car loan are as followed

• Identification proof
• Proof of age
• Address proof
• Application form
• Passport size photograph
• Income proof
• Bank statement
• Proforma Invoice
• Signature verification proof

Volkswagen Vento Car Loan – Documents Required for Salaried Professionals

Document	Requirement
Identity Proof	Aadhaar card PAN card Driving License Passport Voter ID
Address Proof	Aadhaar card Passport Driving License Voter ID Family card (ration card) Utility bill (Electricity, water, or telephone) Life insurance policy The applicant’s name must be present on the ration card or utility bill.
Age Proof	Birth certificate School transfer certificate Std. 10th mark sheet Aadhaar card
Income Proof	Salary slips Form 16 Income tax return document
Bank Statement	3 to 6 months bank statement
Signature Verification Proof	Banks have separate forms for applicants to fill up along with their signature
Proforma Invoice	This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car.

 

Volkswagen Vento Car Loan – Documents for Self-Employed Individuals

Document	Requirement
Identity Proof	Aadhar card PAN card Passport Voter ID Driving license
Address Proof	Aadhar card Passport Voter ID Driving license Ration card Utility bill (telephone, electricity, or water) Life insurance policy
Age Proof	Birth certificate School transfer certificate Marksheet Aadhaar card
Bank Statement	3-6 months bank statement
Business Ownership Proof	To prove that the business is under operation, the following can be provided Office address proof Maintenance bill Utility bill Additionally, the applicant must also provide a copy of the business registration license.
Proof of Income	Income tax returns for up to 2 years Audited balance sheet Profit-loss statement
Signature Verification Proof	Most banks have separate forms to prove the signature of the individual.
Proforma Invoice	A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan.

 

Volkswagen Vento:

 

 

Rs. 9.99 Lakh* –

Rs 13.83 Lakh*

*- Ex-showroom Price New Delhi

Volkswagen Vento Price:

Volkswagen Vento is a five-seater Sedan priced between Rs. 9.99 Lakh – 13.83 Lakh. Volkswagen Vento has 5 variants to offer. The base model is 1.0 TSI Comfortline at Rs.9.99 Lakh, and the top variant is Vento 1.0 TSI Highline Plus AT that costs Rs. 13.83 Lakh.

Prices of Volkswagen Vento Ex-showroom Delhi

 

Variant	Ex-Showroom Price
1.0 TSI Comfortline 999 cc, Manual, Petrol, 17.69 kmpl	Rs.9.99 Lakh*
1.0 TSI Highline 999 cc, Manual, Petrol, 17.69 kmpl	Rs.9.99 Lakh*
1.0 TSI Highline AT 999 cc, Automatic, Petrol, 16.35 kmpl	Rs.12.49 Lakh*
1.0 TSI Highline Plus 999 cc, Manual, Petrol, 17.69 kmpl	Rs.12.52 Lakh*
1.0 TSI Highline Plus AT 999 cc, Automatic, Petrol, 16.35 kmpl	Rs.13.83 Lakh*

 

Down payment Required For Volkswagen Vento Car Loan

The down payment is the difference between the On-Road Price of the Volkswagen Vento car loan and the loan amount. The principal and length of the loan are significant factors in deciding the interest rate. One can also negotiate a lower interest rate on their loan with the lender. The lender generally finances 90% of the Volkswagen Vento’s on-road price. Some consumers may also be eligible for 100% financing.

 

 

About Volkswagen Vento

Volkswagen Vento is a Sedan that was first launched in 2010. The Vento has been updated since, and that makes it relevant and reasonable for its price. It seats 5 and is available in a price range of Rs. 9.99 Lakh – Rs. 13.83 Lakh. Volkswagen Vento comes in 5 variants and 6-colours.
A 999cc, three-cylinder TSI motor engine is available in manual/automatic transmission. The vehicle is BS6 compliant and produces 110 hp.
It weighs 1,175 kg and a ground clearance of 163 mm.

Volkswagen Vento Mileage

Fuel Type	Transmission	ARAI Mileage
Petrol	Manual	17.69 kmpl
Petrol	Automatic	16.35 kmpl

How to get Volkswagen Vento Car Loan

1. Visit the official page of Dialabank
2. Go to the Car Loan option and provide the required information.
3. Our relationship manager will get in touch with you over your application.
4. Please Contact Dialabank at 9878981166 for further queries.

Volkswagen Vento News:

• Volkswagen offering hefty discounts on Vento

The German carmaker has joined other automobile manufacturers who are offering massive discounts to attract customers and increase sales. the Vento can be purchased with a loyalty benefit of Rs 10,000 and an exchange bonus worth Rs 25,000.

Volkswagen Vento Car Loan FAQs

 ✅ What is the Minimum and Maximum Loan Amount for Volkswagen Vento Car Loan?

The minimum loan amount is Rs 1,00,000 and the maximum loan amount is Loan up to 90% of On Road Price.

✅ What is the Volkswagen Vento Car Loan Tenure?

1 year – 7 years is the loan tenure for Volkswagen Vento Loan.

✅ How many colours variants are available in Volkswagen Vento?

Volkswagen Vento offers 6 colour choices- Lapiz Blue, Sunset Red, Carbon Steel, Toffee Brown, Reflex Silver and Candy White.

✅ What is torque of Volkswagen Vento

 

✅What is the boot space of Volkswagen Vento?

Volkswagen Vento has a boot space of 494 litres.

✅ What will be the lowest down payment for Volkswagen Vento Car Loan?

The lender generally finances 90% of the Volkswagen Vento’s on-road price. Some consumers may also be eligible for 100% financing. The down payment is the difference between the On-Road Price of the Volkswagen Vento car loan and the loan amount.