Mercedes-Benz E-Class [2009-2013] Car Loan EMI Calculator

₹ 83,241.
Here is how - Mercedes-Benz E-Class [2009-2013] price starts from ₹ 41,05,332 in Jalandhar. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 83,241.

Here is a model wise list of max loan amount for E-Class [2009-2013].

Version	On-road price in Jalandhar	Max Loan
E350	₹ 53,42,576	₹ 50,34,509
E350 CDI Avantgarde	₹ 54,63,296	₹ 51,48,866
E250 CDI BlueEfficiency	₹ 45,18,829	₹ 42,54,183
E350 Coupe	₹ 62,83,270	₹ 59,25,617
E250 CDI Classic	₹ 43,62,915	₹ 41,06,488
E350 Cabriolet	₹ 70,52,527	₹ 66,54,324

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 E-Class [2009-2013] E220 CDI Blue Efficiency will be ₹ 63,987 but you will have to pay interest of ₹ 12,69,576 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 ₹ 1,28,646, but your interest payment will be only ₹ 5,25,924 over the 3 years period.

₹ 83,241
Mercedes-Benz E-Class [2009-2013] price starts from ₹ 41,05,332 in Jalandhar.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy E-Class [2009-2013] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 13,69,000

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 E-Class [2009-2013] starts from ₹ 41.05 Lakh, you can get a loan with an annual income as low as ₹ 13.69 lakh.

Here are the most important things you should consider while getting a car loan for a new E-Class [2009-2013]

• 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.