Mercedes-Benz E-Class [2009-2013] Car Loan EMI Calculator

₹ 82,116.
Here is how - Mercedes-Benz E-Class [2009-2013] price starts from ₹ 47,74,269 in Mumbai. If you pay a down payment of ₹ 7,24,428 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 82,116.

The cheapest E-Class [2009-2013] model is E220 CDI Blue Efficiency which is priced at ₹ 47,74,269 in Mumbai. You will need to pay at least a ₹ 7,24,428 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 E-Class [2009-2013].

Version	On-road price in Mumbai	Max Loan
E350	₹ 62,13,783	₹ 53,96,331
E350 CDI Avantgarde	₹ 64,65,654	₹ 55,19,711
E250 Elegance	₹ 48,51,802	₹ 42,08,570
E250 CDI BlueEfficiency	₹ 54,00,694	₹ 45,86,753
E350 CDI BlueEfficiency	₹ 58,33,838	₹ 49,78,160
E350 Coupe	₹ 87,92,893	₹ 69,76,298
E250 CDI Classic	₹ 46,76,469	₹ 39,86,141
E350 Cabriolet	₹ 98,97,974	₹ 78,55,664
E200 CGI Blue Efficiency	₹ 48,07,851	₹ 41,49,760
E220 CDI Blue Efficiency	₹ 47,74,269	₹ 40,49,841

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 E-Class [2009-2013] E220 CDI Blue Efficiency will be ₹ 74,413 but you will have to pay interest of ₹ 22,00,851 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 ₹ 1,49,608, but your interest payment will be only ₹ 13,36,047 over the 3 years period.

₹ 82,116
Mercedes-Benz E-Class [2009-2013] price starts from ₹ 47,74,269 in Mumbai.

We have considered
Down-payement : ₹ 7,24,428
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy E-Class [2009-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 15,92,000

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 E-Class [2009-2013] starts from ₹ 47.74 Lakh, you can get a loan with an annual income as low as ₹ 15.92 lakh.

Here are the most important things you should consider while getting a car loan for a new E-Class [2009-2013]

• 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.