Mercedes-Benz S-Coupe Car Loan EMI Calculator

₹ 4,01,114.
Here is how - Mercedes-Benz S-Coupe price starts from ₹ 2,27,70,274 in Mumbai. If you pay a down payment of ₹ 29,87,981 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,01,114.

The cheapest S-Coupe model is S 500 which is priced at ₹ 2,27,70,274 in Mumbai. You will need to pay at least a ₹ 29,87,981 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-Coupe.

Version	On-road price in Mumbai	Max Loan
S 500	₹ 2,27,70,274	₹ 1,97,82,293
S 63 AMG [2015-2018]	₹ 2,74,80,382	₹ 2,47,65,355
S 63 AMG [2018-2019]	₹ 2,87,53,654	₹ 2,55,00,000
S 63 AMG	₹ 2,93,55,061	₹ 2,60,10,000

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 S-Coupe S 500 will be ₹ 3,54,902 but you will have to pay interest of ₹ 1,00,29,475 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 ₹ 7,13,538, but your interest payment will be only ₹ 59,05,075 over the 3 years period.

₹ 4,01,114
Mercedes-Benz S-Coupe price starts from ₹ 2,27,70,274 in Mumbai.

We have considered
Down-payement : ₹ 29,87,981
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy S-Coupe with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 75,91,000

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-Coupe starts from ₹ 2.28 Crore, you can get a loan with an annual income as low as ₹ 75.91 lakh.

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

• 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.