Mercedes-Benz C-Class [2010-2011] Car Loan EMI Calculator

₹ 58,264.
Here is how - Mercedes-Benz C-Class [2010-2011] price starts from ₹ 34,87,504 in Bangalore. If you pay a down payment of ₹ 6,14,035 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 58,264.

The cheapest C-Class [2010-2011] model is 250 CDI Classic which is priced at ₹ 34,87,504 in Bangalore. You will need to pay at least a ₹ 6,14,035 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for C-Class [2010-2011].

Version	On-road price in Bangalore	Max Loan
250 CDI Classic	₹ 34,87,504	₹ 28,73,469
250 Avantgarde	₹ 44,09,430	₹ 35,56,939
200 CGI Avantgarde	₹ 36,97,114	₹ 29,92,373
250 CDI Elegance	₹ 39,29,639	₹ 32,39,113
250 CDI Avantgarde	₹ 41,06,953	₹ 33,25,252

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for C-Class [2010-2011] 250 CDI Classic will be ₹ 54,357 but you will have to pay interest of ₹ 16,92,519 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 1,09,286, but your interest payment will be only ₹ 10,60,827 over the 3 years period.

₹ 58,264
Mercedes-Benz C-Class [2010-2011] price starts from ₹ 34,87,504 in Bangalore.

We have considered
Down-payement : ₹ 6,14,035
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy C-Class [2010-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 11,63,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of C-Class [2010-2011] starts from ₹ 34.88 Lakh, you can get a loan with an annual income as low as ₹ 11.63 lakh.

Here are the most important things you should consider while getting a car loan for a new C-Class [2010-2011]

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.