Mercedes-Benz GLS Car Loan EMI Calculator

₹ 2,59,335.
Here is how - Mercedes-Benz GLS price starts from ₹ 1,51,90,020 in Mumbai. If you pay a down payment of ₹ 24,00,020 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,59,335.

The cheapest GLS model is 450 4MATIC Petrol 3.0L Turbo Automatic which is priced at ₹ 1,51,90,020 in Mumbai. You will need to pay at least a ₹ 24,00,020 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 GLS.

Version	On-road price in Mumbai	Max Loan
450 4MATIC Petrol 3.0L Turbo Automatic	₹ 1,51,90,020	₹ 1,27,90,000
450d 4MATIC Diesel 3.0L Turbo Automatic	₹ 1,61,23,811	₹ 1,33,50,000
450 4MATIC Petrol 3.0L Turbo Automatic AMG Line	₹ 1,63,23,936	₹ 1,37,50,000
450d 4MATIC Diesel 3.0L Turbo Automatic AMG Line	₹ 1,68,68,780	₹ 1,39,70,000
450 4MATIC Petrol 3.0L Turbo Automatic Night Edition	₹ 1,66,78,285	₹ 1,40,50,000
450d 4MATIC Diesel 3.0L Turbo Automatic Night Edition	₹ 1,72,29,248	₹ 1,42,70,000

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 GLS 450 4MATIC Petrol 3.0L Turbo Automatic will be ₹ 2,36,755 but you will have to pay interest of ₹ 70,97,420 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 ₹ 4,76,000, but your interest payment will be only ₹ 43,46,000 over the 3 years period.

₹ 2,59,335
Mercedes-Benz GLS price starts from ₹ 1,51,90,020 in Mumbai.

We have considered
Down-payement : ₹ 24,00,020
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy GLS with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 50,64,000

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 GLS starts from ₹ 1.52 Crore, you can get a loan with an annual income as low as ₹ 50.64 lakh.

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

• 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.