Mercedes-Benz S-Class (W222) Car Loan EMI Calculator

₹ 2,74,916.
Here is how - Mercedes-Benz S-Class (W222) price starts from ₹ 1,59,45,597 in Mumbai. If you pay a down payment of ₹ 23,87,159 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,74,916.

The cheapest S-Class (W222) model is S 350D [2018-2020] which is priced at ₹ 1,59,45,597 in Mumbai. You will need to pay at least a ₹ 23,87,159 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 S-Class (W222).

Version	On-road price in Mumbai	Max Loan
S 350D [2018-2020]	₹ 1,59,45,597	₹ 1,35,58,438
S 450	₹ 1,61,86,704	₹ 1,39,76,653
Maybach S 650 [2018-2020]	₹ 3,12,16,585	₹ 2,78,54,478
Maybach S 560	₹ 2,24,22,310	₹ 1,98,90,000
Maybach S 560 Maestro Edition	₹ 2,61,16,722	₹ 2,28,81,108
S 350d	₹ 1,66,31,495	₹ 1,41,83,455
Maybach S 650	₹ 3,13,31,610	₹ 2,78,54,478
S 450 Maestro Edition	₹ 1,71,30,395	₹ 1,43,70,000
S 350d Maestro Edition	₹ 1,75,98,875	₹ 1,51,26,850

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 S-Class (W222) S 350D [2018-2020] will be ₹ 2,48,531 but you will have to pay interest of ₹ 73,18,166 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 ₹ 4,99,677, but your interest payment will be only ₹ 44,29,934 over the 3 years period.

₹ 2,74,916
Mercedes-Benz S-Class (W222) price starts from ₹ 1,59,45,597 in Mumbai.

We have considered
Down-payement : ₹ 23,87,159
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S-Class (W222) with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 53,16,000

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 S-Class (W222) starts from ₹ 1.59 Crore, you can get a loan with an annual income as low as ₹ 53.16 lakh.

Here are the most important things you should consider while getting a car loan for a new S-Class (W222)

• 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.