Mercedes-Benz A-Class [2015-2019] Car Loan EMI Calculator

₹ 56,501.
Here is how - Mercedes-Benz A-Class [2015-2019] price starts from ₹ 33,18,231 in Mumbai. If you pay a down payment of ₹ 5,31,671 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 56,501.

The cheapest A-Class [2015-2019] model is A 180 which is priced at ₹ 33,18,231 in Mumbai. You will need to pay at least a ₹ 5,31,671 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 A-Class [2015-2019].

Version	On-road price in Mumbai	Max Loan
A 200d	₹ 35,41,109	₹ 29,26,308
A 180	₹ 33,18,231	₹ 27,86,560
A 200d Night Edition	₹ 37,15,143	₹ 29,60,743
A 180 Night Edition	₹ 35,85,167	₹ 28,54,807

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 A-Class [2015-2019] A 180 will be ₹ 51,719 but you will have to pay interest of ₹ 15,57,836 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 ₹ 1,03,981, but your interest payment will be only ₹ 9,56,756 over the 3 years period.

₹ 56,501
Mercedes-Benz A-Class [2015-2019] price starts from ₹ 33,18,231 in Mumbai.

We have considered
Down-payement : ₹ 5,31,671
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy A-Class [2015-2019] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 11,07,000

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 A-Class [2015-2019] starts from ₹ 33.18 Lakh, you can get a loan with an annual income as low as ₹ 11.07 lakh.

Here are the most important things you should consider while getting a car loan for a new A-Class [2015-2019]

• 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.