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      MG Gloster Car Loan EMI Calculator

      MG Gloster EMI starts at 83,271 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 8.87 Lakh. MG Gloster price starts at ₹ 49.94 Lakh and goes up to ₹ 56.15 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      MG Gloster
      MGGloster₹ 49.94 - 56.15 Lakh

      Variant

      Sharp 7 STR 2.0 Turbo 2WD

      Right Arrow

      City

      Mumbai

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      Adjust Gloster Car Loan Parameters

      On-Road Price

      ₹ 49,93,529

      Gloster Sharp 7 STR 2.0 Turbo 2WD EMI

      83,271 for 5 Years

      %

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

      On-Road Price₹ 49,93,529
      Ex-Showroom Price₹ 4106800
      Max Loan Amount₹ 4106800
      Down Payment as per your Selectiont₹ 8,86,729
      Loan Amount₹ 41,06,800
      EMI Amount 83,271
      Interest Component8,89,460(17.8%)
      Principal Component41,06,800(82.2%)
      Total Payable over 5 Years49,96,260
      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₹ 6,95,861₹ 3,03,391₹ 34,10,939
      24₹ 7,53,619₹ 2,45,633₹ 26,57,320
      36₹ 8,16,168₹ 1,83,084₹ 18,41,152
      48₹ 8,83,908₹ 1,15,344₹ 9,57,244
      60₹ 9,57,244₹ 41,980₹ 0

      MG Gloster EMI

      MG Gloster Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 8,86,729

      On-Road Price in MumbaiMin Down PaymentEMI
      Blackstorm 6 STR 2.0 Turbo 2WD

      ₹ 52,67,485

      ₹9,32,685₹87,894
      Blackstorm 7 STR 2.0 Turbo 2WD

      ₹ 52,67,485

      ₹9,32,685₹87,894
      Blackstorm 6 STR 2.0 Twin Turbo 4WD

      ₹ 56,14,737

      ₹9,90,937₹93,754
      Blackstorm 7 STR 2.0 Twin Turbo 4WD

      ₹ 56,14,737

      ₹9,90,937₹93,754
      Sharp 7 STR 2.0 Turbo 2WD

      ₹ 49,93,529

      ₹8,86,729₹83,271
      Savvy 7 STR 2.0 Turbo 2WD

      ₹ 51,82,174

      ₹9,18,374₹86,454
      Savvy 6 STR 2.0 Turbo 2WD

      ₹ 51,82,174

      ₹9,18,374₹86,454
      Savvy 7 STR 2.0 Twin Turbo 4WD

      ₹ 55,29,426

      ₹9,76,626₹92,314
      Savvy 6 STR 2.0 Twin Turbo 4WD

      ₹ 55,29,426

      ₹9,76,626₹92,314
      Desertstorm 6 STR 2.0 Turbo 2WD

      ₹ 52,67,485

      ₹9,32,685₹87,894
      Desertstorm 7 STR 2.0 Turbo 2WD

      ₹ 52,67,485

      ₹9,32,685₹87,894
      Snowstorm 7 STR 2.0 Turbo 2WD

      ₹ 52,67,485

      ₹9,32,685₹87,894
      Desertstorm 6 STR 2.0 Twin Turbo 4WD

      ₹ 56,14,737

      ₹9,90,937₹93,754
      Desertstorm 7 STR 2.0 Twin Turbo 4WD

      ₹ 56,14,737

      ₹9,90,937₹93,754
      Snowstorm 7 STR 2.0 Twin Turbo 4WD

      ₹ 56,14,737

      ₹9,90,937₹93,754

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      Explore more about MG Gloster

      MG Gloster
      MG Gloster
      ₹ 49.94 - 56.15 Lakh On-Road Price, Mumbai

      Gloster EMI FAQs

      ₹ 83,271.
      Here is how - MG Gloster price starts from ₹ 49,93,529 in Mumbai. If you pay a down payment of ₹ 8,86,729 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 83,271.
      The cheapest Gloster model is Sharp 7 STR 2.0 Turbo 2WD which is priced at ₹ 49,93,529 in Mumbai. You will need to pay at least a ₹ 8,86,729 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
      Blackstorm 6 STR 2.0 Turbo 2WD₹ 52,67,485₹ 43,34,800
      Blackstorm 7 STR 2.0 Turbo 2WD₹ 52,67,485₹ 43,34,800
      Blackstorm 6 STR 2.0 Twin Turbo 4WD₹ 56,14,737₹ 46,23,800
      Blackstorm 7 STR 2.0 Twin Turbo 4WD₹ 56,14,737₹ 46,23,800
      Sharp 7 STR 2.0 Turbo 2WD₹ 49,93,529₹ 41,06,800
      Savvy 7 STR 2.0 Turbo 2WD₹ 51,82,174₹ 42,63,800
      Savvy 6 STR 2.0 Turbo 2WD₹ 51,82,174₹ 42,63,800
      Savvy 7 STR 2.0 Twin Turbo 4WD₹ 55,29,426₹ 45,52,800
      Savvy 6 STR 2.0 Twin Turbo 4WD₹ 55,29,426₹ 45,52,800
      Desertstorm 6 STR 2.0 Turbo 2WD₹ 52,67,485₹ 43,34,800
      Desertstorm 7 STR 2.0 Turbo 2WD₹ 52,67,485₹ 43,34,800
      Snowstorm 7 STR 2.0 Turbo 2WD₹ 52,67,485₹ 43,34,800
      Desertstorm 6 STR 2.0 Twin Turbo 4WD₹ 56,14,737₹ 46,23,800
      Desertstorm 7 STR 2.0 Twin Turbo 4WD₹ 56,14,737₹ 46,23,800
      Snowstorm 7 STR 2.0 Twin Turbo 4WD₹ 56,14,737₹ 46,23,800

      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 Sharp 7 STR 2.0 Turbo 2WD will be ₹ 77,830 but you will have to pay interest of ₹ 24,30,920 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 ₹ 1,56,479, but your interest payment will be only ₹ 15,26,444 over the 3 years period.