Provide your contact details for further communication related to Test Drive, EMI options, Offers & Exchange Benefits.
By proceeding ahead you agree to CarTrade visitor agreement, privacy policy and offer terms and conditions.
Thank you THANK YOU!
A car consultant would get in touch with you shortly to assist on your purchase.
Close
We couldn't find any dealerships in your city

MG Gloster Car Loan EMI Calculator

MG Gloster
MG Gloster 44.79 - 56 Lakh
Versions Super 7 STR 2.0 Turbo 2WD
City Mumbai

Adjust Gloster Car Loan Parameters

63,867 EMI for 5 Years
On-Road Price
44,78,736
Down Payment
Loan Tenure
Loan Interest Rate
%

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

On-Road Price ₹44,78,736
Ex-Showroom Price ₹31,49,800
Max Loan Amount ₹31,49,800
Down Payment as per
your Selection
13,28,936
Loan Amount 31,49,800
EMI Amount 63,867
Interest Component 6,82,220 (17.8%)
Principal Component 31,49,800 (82.2%)
Total Payable over 5 Years 38,32,020
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.

Months Principal Paid Interest Paid Balance Loan
12 ₹5,33,702 ₹2,32,697 ₹26,16,098
24 ₹5,77,999 ₹1,88,400 ₹20,38,098
36 ₹6,25,973 ₹1,40,426 ₹14,12,125
48 ₹6,77,929 ₹88,470 ₹7,34,196
60 ₹7,34,196 ₹32,203 ₹0

MG Gloster EMI

MG Gloster Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹13.29 Lakh

On-Road Price in Mumbai Down Payment EMI
Super 7 STR 2.0 Turbo 2WD
₹44,78,736
13,28,936 63,867
Smart 6 STR 2.0 Turbo 2WD
₹48,99,007
14,49,207* 69,950
Sharp 6 STR 2.0 Twin Turbo 4WD
₹53,79,922
15,87,122* 76,904
Sharp 7 STR 2.0 Twin Turbo 4WD
₹53,79,922
15,87,122* 76,904
Savvy 6 STR 2.0 Twin Turbo 4WD
₹56,00,049
16,50,249* 80,088
Savvy 7 STR 2.0 Twin Turbo 4WD
₹56,00,403
16,50,603* 80,088

FAQ’s

₹63,867.

Here is how - MG Gloster price starts from ₹44,78,736 in Mumbai. If you pay a down payment of ₹13,28,936 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹63,867.

The cheapest Gloster model is Super 7 STR 2.0 Turbo 2WD which is priced at ₹63,867 in Delhi.

You will need to pay at least a ₹10,69,826 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 MumbaiMax Loan
Super 7 STR 2.0 Turbo 2WD44787363149800
Smart 6 STR 2.0 Turbo 2WD48990073449800
Sharp 6 STR 2.0 Twin Turbo 4WD53799223792800
Sharp 7 STR 2.0 Twin Turbo 4WD53799223792800
Savvy 6 STR 2.0 Twin Turbo 4WD56000493949800
Savvy 7 STR 2.0 Twin Turbo 4WD56004033949800

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 will be ₹49,093 but you will have to pay interest of ₹9,74,012 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹1,23,772, but your interest payment will be only ₹5,05,992 over the period of 3 years period.

Ad

Explore More About MG Gloster

Gloster Details

Everything about Gloster

Images

Gloster from every angle

Prices

On-road price detail

Mileage

ARAI and Owner reported mileage

Expert Reviews

Our expert take on Gloster

Ad