Toyota Glanza Car Loan EMI Calculator

₹ 13,910.
Here is how - Toyota Glanza price starts from ₹ 8,02,307 in Mumbai. If you pay a down payment of ₹ 1,16,307 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,910.

The cheapest Glanza model is E which is priced at ₹ 8,02,307 in Mumbai. You will need to pay at least a ₹ 1,16,307 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
E	₹ 8,02,307	₹ 6,86,000
S	₹ 9,03,928	₹ 7,75,000
S AMT	₹ 9,61,018	₹ 8,25,000
S E-CNG	₹ 9,70,693	₹ 8,65,000
G	₹ 10,21,535	₹ 8,78,000
G AMT	₹ 10,78,626	₹ 9,28,000
G E-CNG	₹ 10,84,013	₹ 9,68,000
V	₹ 11,35,717	₹ 9,78,000
V AMT	₹ 11,60,722	₹ 9,99,900

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 ₹ 12,505 but you will have to pay interest of ₹ 3,64,420 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 ₹ 25,141, but your interest payment will be only ₹ 2,19,076 over the 3 years period.

₹ 13,910
Toyota Glanza price starts from ₹ 8,02,307 in Mumbai.

We have considered
Down-payement : ₹ 1,16,307
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 ₹ 2,68,000

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 ₹ 8.02 Lakh, you can get a loan with an annual income as low as ₹ 2.68 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.