Volkswagen Vento car loan

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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:

 

Volkswagen Vento Car Loan

 

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

The torque of Volkswagen Vento is 175Nm@1500-4100rpm.

 

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.