Toyota Glanza Car Loan EMI Calculator

₹ 17,884.
Here is how - Toyota Glanza price starts from ₹ 10,94,128 in Mumbai. If you pay a down payment of ₹ 2,12,128 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,884.

The cheapest Glanza model is G which is priced at ₹ 10,94,128 in Mumbai. You will need to pay at least a ₹ 2,12,128 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 Glanza.

Version	On-road price in Mumbai	Max Loan
G	₹ 10,94,128	₹ 8,82,000
G AMT	₹ 11,59,469	₹ 9,37,000
G E-CNG	₹ 11,60,670	₹ 9,72,000
V	₹ 12,12,930	₹ 9,82,000
V AMT	₹ 12,34,196	₹ 9,99,900
E	₹ 8,13,935	₹ 6,90,000
S	₹ 9,16,195	₹ 7,79,000
S AMT	₹ 9,82,450	₹ 8,34,000
S E-CNG	₹ 9,96,074	₹ 8,69,000

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 Glanza G will be ₹ 17,053 but you will have to pay interest of ₹ 5,50,452 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 ₹ 34,286, but your interest payment will be only ₹ 3,52,296 over the 3 years period.

₹ 17,884
Toyota Glanza price starts from ₹ 10,94,128 in Mumbai.

We have considered
Down-payement : ₹ 2,12,128
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,65,000

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 Glanza starts from ₹ 10.94 Lakh, you can get a loan with an annual income as low as ₹ 3.65 lakh.

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

• 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.