• location

    Please Tell Us Your City

    location icon
      location iconClose
        Sorry!! No Matching Results found. Try Again.
        Close

        MG Gloster Car Loan EMI Calculator

        MG Gloster EMI starts at 64,880 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 7.04 Lakh. MG Gloster price starts at ₹ 39.04 Lakh and goes up to ₹ 49.59 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

        MG Gloster
        MGGloster₹ 39.04 - 49.59 Lakh

        Version

        Super 7 STR 2.0 Turbo 2WD

        Right Arrow

        City

        Mumbai

        Right Arrow

        Adjust Gloster Car Loan Parameters

        On-Road Price

        ₹ 39,03,712

        Gloster Super 7 STR 2.0 Turbo 2WD EMI

        64,880 for 5 Years

        Down Payment
        Loan Tenure (Months)
        Bank Interest Rate
        %

        MG Gloster Super 7 STR 2.0 Turbo 2WD Car Loan EMI

        On-Road Price₹ 39,03,712
        Ex-Showroom Price₹ 31,99,800
        Max Loan Amount₹ 31,99,800
        Down Payment as per your Selectiont₹ 7,03,912
        Loan Amount₹ 31,99,800
        EMI Amount 64,880
        Interest Component6,93,000(17.8%)
        Principal Component31,99,800(82.2%)
        Total Payable over 5 Years38,92,800
        Note: This doesn't include bank processing fee.

        MG Gloster Loan Repayment Schedule

        This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

        MonthsPrincipal PaidInterest PaidBalance Loan
        12₹ 5,42,175₹ 2,36,385₹ 26,57,625
        24₹ 5,87,174₹ 1,91,386₹ 20,70,451
        36₹ 6,35,911₹ 1,42,649₹ 14,34,540
        48₹ 6,88,693₹ 89,867₹ 7,45,847
        60₹ 7,45,847₹ 32,707₹ 0

        MG Gloster EMI

        MG Gloster Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 7,03,912

        On-Road Price in MumbaiMin Down PaymentEMI
        Super 7 STR 2.0 Turbo 2WD

        ₹ 39,03,712

        ₹7,03,912₹64,880
        Sharp 7 STR 2.0 Turbo 2WD

        ₹ 44,90,074

        ₹8,02,274₹74,775
        Savvy 7 STR 2.0 Turbo 2WD

        ₹ 46,78,720

        ₹8,33,920₹77,959
        Savvy 6 STR 2.0 Turbo 2WD

        ₹ 46,78,720

        ₹8,33,920₹77,959
        Savvy 7 STR 2.0 Twin Turbo 4WD

        ₹ 49,58,684

        ₹8,80,884₹82,683
        Savvy 6 STR 2.0 Twin Turbo 4WD

        ₹ 49,58,684

        ₹8,80,884₹82,683

        Check Car Loan EMIs of MG Gloster Similar Cars

        Jeep Meridian
        Jeep Meridian

        ₹ 36.60 - 45.25 Lakh

        On-Road Price, Mumbai

        Mahindra Alturas G4
        Mahindra Alturas G4

        ₹ 37.23 - 38.89 Lakh

        On-Road Price, Mumbai

        Toyota Fortuner
        Toyota Fortuner

        ₹ 39.08 - 61.08 Lakh

        On-Road Price, Mumbai

        Kia Carnival
        Kia Carnival

        ₹ 36.24 - 42.34 Lakh

        On-Road Price, Mumbai

        Skoda Kodiaq
        Skoda Kodiaq

        ₹ 44.87 - 47.82 Lakh

        On-Road Price, Mumbai

        MG Hector Plus
        MG Hector Plus

        ₹ 17.71 - 25.93 Lakh

        On-Road Price, Mumbai

        Isuzu MU-X
        Isuzu MU-X

        ₹ 42.64 - 46.13 Lakh

        On-Road Price, Mumbai

        Hyundai Tucson
        Hyundai Tucson

        ₹ 32.93 - 41.70 Lakh

        On-Road Price, Mumbai

        Mahindra XUV700
        Mahindra XUV700

        ₹ 16.16 - 30.43 Lakh

        On-Road Price, Mumbai

        Explore more about MG Gloster

        MG Gloster
        MG Gloster
        ₹ 39.04 - 49.59 Lakh On-Road Price, Mumbai

        Gloster EMI FAQs

        ₹ 64,880.
        Here is how - MG Gloster price starts from ₹ 39,03,712 in Mumbai. If you pay a down payment of ₹ 7,03,912 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 64,880.
        The cheapest Gloster model is Super 7 STR 2.0 Turbo 2WD which is priced at ₹ 39,03,712 in Mumbai. You will need to pay at least a ₹ 7,03,912 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 Gloster.
        VersionOn-road price in MumbaiMax Loan
        Super 7 STR 2.0 Turbo 2WD₹ 39,03,712₹ 31,99,800
        Sharp 7 STR 2.0 Turbo 2WD₹ 44,90,074₹ 36,87,800
        Savvy 7 STR 2.0 Turbo 2WD₹ 46,78,720₹ 38,44,800
        Savvy 6 STR 2.0 Turbo 2WD₹ 46,78,720₹ 38,44,800
        Savvy 7 STR 2.0 Twin Turbo 4WD₹ 49,58,684₹ 40,77,800
        Savvy 6 STR 2.0 Twin Turbo 4WD₹ 49,58,684₹ 40,77,800

        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 Gloster Super 7 STR 2.0 Turbo 2WD will be ₹ 60,844 but you will have to pay interest of ₹ 19,11,096 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 ₹ 1,22,328, but your interest payment will be only ₹ 12,04,008 over the 3 years period.