Toyotas sell their cars in various segments of India. One such car sold by Toyota in India is the Glanza in the premium hatchback segment. This article helps you calculate the EMI that would come per month for the Glanza if you make a down payment of ₹1 lakh.

The most basic model of Glanza in the premium hatchback segment is the E variant. The ex-showroom price of the car is ₹6.73 lakh. In Delhi, the on-road price of the car would be around ₹7.57 lakh, which consists of the ex-showroom price of ₹6.73 lakh and around ₹47,000 for RTO and ₹37,000 for insurance.

After taking into account the down payment made, the bank finances the rest of the price as per the ex-showroom price. Financing ₹6.57 lakh through the bank would be your choice if the down payment is ₹1 lakh. At 9% interest rate over 7 years period, the EMI per month would be ₹10,581.

In short, if you take a car loan of ₹6.57 lakh from the bank for seven years at a 9% interest rate, you will have to pay a monthly EMI of ₹10,581 for the duration of the loan. In this scenario, you would pay approximately ₹2.31 lakh in interest over seven years for the Toyota Glanza. Consequently, the total cost of the car-combining the ex-showroom price, on-road costs, and interest-would come to around ₹9.88 lakh.

Toyota positions the Glanza in the premium hatchback segment. It competes directly with the Maruti Baleno, Citroen C3, Hyundai i20, and JSW MG Astor.

Toyotas sell their cars in various segments of India. One such car sold by Toyota in India is the Glanza in the premium hatchback segment. This article helps you calculate the EMI that would come per month for the Glanza if you make a down payment of ₹1 lakh.

The most basic model of Glanza in the premium hatchback segment is the E variant. The ex-showroom price of the car is ₹6.73 lakh. In Delhi, the on-road price of the car would be around ₹7.57 lakh, which consists of the ex-showroom price of ₹6.73 lakh and around ₹47,000 for RTO and ₹37,000 for insurance.

After taking into account the down payment made, the bank finances the rest of the price as per the ex-showroom price. Financing ₹6.57 lakh through the bank would be your choice if the down payment is ₹1 lakh. At 9% interest rate over 7 years period, the EMI per month would be ₹10,581.

In short, if you take a car loan of ₹6.57 lakh from the bank for seven years at a 9% interest rate, you will have to pay a monthly EMI of ₹10,581 for the duration of the loan. In this scenario, you would pay approximately ₹2.31 lakh in interest over seven years for the Toyota Glanza. Consequently, the total cost of the car-combining the ex-showroom price, on-road costs, and interest-would come to around ₹9.88 lakh.

Toyota positions the Glanza in the premium hatchback segment. It competes directly with the Maruti Baleno, Citroen C3, Hyundai i20, and JSW MG Astor.