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Skoda New Rapid EMI Calculator

Skoda New Rapid EMI starts at Rs 16,731 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 7.91 Lakh. The EMI Calculator tool on CarDekho gives a detailed break-up of the total payable amount and helps you in finding best car finance for your New Rapid.

Skoda New Rapid Down Payment and EMI

Skoda Rapid VariantsLoan @ rate%Down paymentEMI Amount(60 months)
Skoda Rapid 1.0 TSI Rider9.8Rs.87,914Rs.16,731
Skoda Rapid 1.0 TSI Rider Plus9.8Rs.92,417Rs.17,599
Skoda Rapid 1.0 TSI Rider Plus AT9.8Rs.1.08 LakhRs.20,723
Skoda Rapid 1.0 TSI Ambition9.8Rs.1.12 LakhRs.21,348
Skoda Rapid 1.0 TSI Ambition AT9.8Rs.1.32 LakhRs.25,306

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Calculate your Loan EMI for New Rapid

Down PaymentRs.0
0Rs.0
Bank Interest Rate 8 %
8%22%
Loan Period ( Years )
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You''ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price
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Skoda New Rapid User Reviews

4.4/5
Based on268 User reviews
  • All (268)
  • Comfort (92)
  • Mileage (82)
  • Looks (78)
  • Engine (67)
  • Service (61)
  • Performance (54)
  • Interior (49)
  • More ...
  • LATEST
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  • Its Simply Clever

    I own the latest Rapid rider plus AT which is the most bang for the buck car. You can opt for some aesthetic accessories to make it look similar to the top end but for ve...Read More

    By prabakaran
    On: Jan 07, 2021 | 8023 Views
  • Rapid Is Not For Rough Road

    I purchased it on 29th June 2020, from day 1 I am facing door noise issues, 15 to 17 times visited at the service center at Bilaspur and Raipur without any result. I feel...Read More

    By asif muhammad
    On: Feb 27, 2021 | 188 Views
  • Expensive Skoda Rapid

    It is a very good and excellent car, but running cost including insurance is expensive. Meant for only affluent people.

    By user
    On: Jan 01, 2021 | 164 Views
  • It Is A Sturdy And Responsive Car.

    The best mid-sized Sedan I have owned. The car needs service just once a year, it is sturdy and responsive, with decent mileage too. Hope to drive it for many more years....Read More

    By nithin alaknand
    On: Dec 20, 2020 | 1745 Views
  • Best Budget Sedan.

    One of the best budget German sedan you can buy with all the comfort and security features only things missing are the engine start-stop switch and sunroof.

    By subodh
    On: Dec 15, 2020 | 80 Views
  • View All New Rapid Reviews

Frequently Asked Questions On New Rapid Emi

What will be the lowest down payment for New Skoda Rapid?

The lenders generally finance 90% of the On-Road Price of the New Skoda Rapid. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the New Skoda Rapid and the amount funded by the lender.

What will be the monthly EMI for the New Skoda Rapid?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the New Skoda Rapid can be calculated using the following formula:

{P x R x (1+R)^N / [(1+R)^N-1]}

where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.

For Example:- If the principal amount for a car loan is Rs. 7.91 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 16,731. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month .

What will be the interest rate for the New Skoda Rapid?

Interest rate for the New Skoda Rapid primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

What will be the EMI for 5 years tenure for the New Skoda Rapid?

EMI for the New Skoda Rapid for 5 years tenure can be calculated as per the following formula:-

{P x R x (1+R)^N / [(1+R)^N-1]}

Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be per month in case of 5 years tenure.

Running cost of your car

KM driven per day20 km/day
Monthly fuel costRs.0* / month

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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.

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