We try our best to show you the most accurate prices and other content, however, these details are subject to change without prior notice. If you find any discrepancy, please bring it to our notice by writing at : punit644@gmail.com
Zero Dep & Insurance
Depot 0 + Accessories 3,348 = 3,348
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula:
{P x R x (1+R)^N / [(1+R)^N-1]}
where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
To process your loan application with the chosen lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us here.
The lenders generally finance 90% of the On-Road Price of the car. Some customers may be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges. Down payment is the difference between the On-Road Price of the car and the amount funded by the lender. For example:- Rohit from New Delhi is planning to purchase Honda Amaze, which has an ex-showroom price of ? 7,05,000 in New Delhi. RTO charges for this car in New Delhi will be ? 68,018 and Insurance charges will be ? 29,880. A leading financier approved his new car loan for 90% of the On-Road Price of the car. Therefore, he will have to pay the 10% of On-Road Price (10% of ? 802898 = ? 80289.8) as a down payment to purchase the car.
Most lenders offer car loans for tenures ranging from 1 year to 5 years. You can choose the loan tenure as per your preference. Some lenders like HDFC Bank, Axis Bank, ICICI Bank also offer car loans with tenure up to 7 years.
Generally, new car loan customers choose a 5-year tenure. For a longer tenure, EMIs will be lower but the borrower will end up paying more interest against the loan amount and for a shorter tenure, EMIs will be higher and the customer will end up paying lower interest against the loan amount. So, if the customer is getting a loan for 7 years and doesn’t want to commit to a higher EMI then he should choose a loan tenure for 7 years.
When you are paying off a part of the car loan by making larger payments than the EMI, before the end of the tenure, then it is called part prepayment. By part prepayment, your principal outstanding will be reduced and also reduce your future EMIs. Usually, banks accept part prepayment of upto 25% of the principal outstanding amount in a year, charges against the part prepayment depends upon the due month of the EMI.
For example: HDFC charges 5% on the part payment amount in case part prepayment is within 13-24 months from 1st EMI and 3% on the part payment amount in case part prepayment is post 24 months from 1st EMI.
After the car loan is approved, a customer will have to sign an agreement including a NACH (National Automated Clearing House) form, a centralised system implemented by National Payments Corporation of India (NPCI), launched with an aim to consolidate multiple ECS (Electronic Clearing Service) systems running across the country allowing paperless debit transactions between banks.
Getting into such an agreement would mean that the customer has granted permission for auto-debiting of the EMI amount from his bank account on a date as mentioned in the agreement till the last EMI of the loan amount.
The Mercedes Benz GLA is a Crossover SUV that has been around in the Indian markets since the past few years. It is one of the smallest SUV’s manufactured by Mercedes Benz, while its features are nothing but amazing. It is a heartbreaker on the roads and an extremely pleasant looking vehicle at that. It combines characteristics of the other Mercedes Benz vehicles that are close to the segment this belongs to, thus delivering a powerful vehicle. It competes with Mercedes B Class, BMW X1.
The Mercedes Benz GLA is available with both Petrol and Diesel engine types making it so much more versatile and suitable to the buyer’s requirements. The GLA 200 d is a Diesel engine type that offers a power of 100 Kw (136 HP) and Torque OF 300 Nm. Its ease of performance that results in an effortlessly superior driving experience makes it one of the best options that are available. While the 4 cylinder GLA 200 is a Petrol Engine that offers a power of 135 Kw and Torque of 300 Nm. This engine type also offers an explicit driving performance with phenomenal top-speed and acceleration. The 7 speed Dual Clutch Transmission goes on to further confirm the performance power of this vehicle.
The Mercedes Benz GLA is shaped beautifully. The long bonnet extends to the body of the car further extending to the curved rear. The radiator grille and front bumper have an aluminum finish with LED High Performance headlamps on both sides. The alloy wheels lift up the car while the electronically folding mirrors add the extra ease of design. The door handles are unique shaped and while the design that entails the cuts and curves on the body are strategically planned. The roof isn’t very high which gives the length of the vehicle a more wider perspective. The rear is shaped perfectly to complete the look of the vehicle. The design structure is elegant, yet edgy, making the Mercedes Benz GLA a one of its kind, compact Crossover SUV.
