Toyota Glanza Car Loan EMI Calculator

₹ 13,605.
Here is how - Toyota Glanza price starts from ₹ 7,85,359 in Mumbai. If you pay a down payment of ₹ 1,14,359 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,605.

The cheapest Glanza model is E which is priced at ₹ 7,85,359 in Mumbai. You will need to pay at least a ₹ 1,14,359 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
V	₹ 11,18,769	₹ 9,63,000
E	₹ 7,85,359	₹ 6,71,000
S	₹ 8,86,980	₹ 7,60,000
S AMT	₹ 9,49,780	₹ 8,15,000
G	₹ 10,04,588	₹ 8,63,000
G AMT	₹ 10,67,387	₹ 9,18,000
V AMT	₹ 11,60,902	₹ 9,99,900
S E-CNG	₹ 9,54,370	₹ 8,50,000
G E-CNG	₹ 10,67,690	₹ 9,53,000

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 E will be ₹ 12,241 but you will have to pay interest of ₹ 3,57,244 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 ₹ 24,610, but your interest payment will be only ₹ 2,14,960 over the 3 years period.

₹ 13,605
Toyota Glanza price starts from ₹ 7,85,359 in Mumbai.

We have considered
Down-payement : ₹ 1,14,359
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 ₹ 2,62,000

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 ₹ 7.85 Lakh, you can get a loan with an annual income as low as ₹ 2.62 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.