Mercedes-Benz AMG GT 63 Car Loan EMI Calculator

₹ 6,08,292.
Here is how - Mercedes-Benz AMG GT 63 price starts from ₹ 3,76,59,825 in Mumbai. If you pay a down payment of ₹ 76,59,825 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 6,08,292.

The cheapest AMG GT 63 model is 4MATIC Plus which is priced at ₹ 3,76,59,825 in Mumbai. You will need to pay at least a ₹ 76,59,825 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 AMG GT 63.

Version	On-road price in Mumbai	Max Loan
4MATIC Plus	₹ 3,76,59,825	₹ 3,00,00,000
Pro 4MATIC Plus	₹ 4,45,48,918	₹ 3,55,00,000

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 AMG GT 63 4MATIC Plus will be ₹ 5,86,974 but you will have to pay interest of ₹ 1,93,05,816 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 ₹ 11,80,122, but your interest payment will be only ₹ 1,24,84,392 over the 3 years period.

₹ 6,08,292
Mercedes-Benz AMG GT 63 price starts from ₹ 3,76,59,825 in Mumbai.

We have considered
Down-payement : ₹ 76,59,825
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy AMG GT 63 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,25,54,000

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 AMG GT 63 starts from ₹ 3.77 Crore, you can get a loan with an annual income as low as ₹ 1.26 crore.

Here are the most important things you should consider while getting a car loan for a new AMG GT 63

• 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.