Mercedes-Benz CLA Car Loan EMI Calculator

₹ 64,317.
Here is how - Mercedes-Benz CLA price starts from ₹ 37,66,366 in Mumbai. If you pay a down payment of ₹ 5,94,366 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 64,317.

The cheapest CLA model is 200 CDI Style which is priced at ₹ 37,66,366 in Mumbai. You will need to pay at least a ₹ 5,94,366 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 CLA.

Version	On-road price in Mumbai	Max Loan
200 CDI Style	₹ 37,66,366	₹ 31,72,000
200 Petrol Sport	₹ 41,64,768	₹ 35,99,000
200 CDI Sport	₹ 43,55,247	₹ 36,99,000
45 AMG 4MATIC [2017-2017]	₹ 85,77,309	₹ 72,65,701
45 AMG 4MATIC [2017-2019]	₹ 94,21,835	₹ 75,19,747
45 Aero Edition	₹ 97,32,421	₹ 77,69,000
200 Urban Sport	₹ 42,41,267	₹ 35,99,000
200 D Urban Sport	₹ 44,32,279	₹ 36,99,000

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 CLA 200 CDI Style will be ₹ 58,703 but you will have to pay interest of ₹ 17,59,052 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 ₹ 1,18,024, but your interest payment will be only ₹ 10,76,864 over the 3 years period.

₹ 64,317
Mercedes-Benz CLA price starts from ₹ 37,66,366 in Mumbai.

We have considered
Down-payement : ₹ 5,94,366
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 12,56,000

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 CLA starts from ₹ 37.66 Lakh, you can get a loan with an annual income as low as ₹ 12.56 lakh.

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

• 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.