Jeep Meridian

On Road Price Price Details

₹ 42,61,618

Loan Amount

₹ 42,61,618

Estimated Monthly Payment

₹ 87,434/month

Interest Rate 8.5 %

Buying a

Down Payment

Duration

Down Payment

Duration

Loan Offers

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Axis Bank

Interest Rate 8.50 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 8,000

Flexible repayment, Zero Foreclosure, Top-up loan

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Union Bank of India

Interest Rate 7.50 %

Processing Fee: ₹ 1,000

Best ROI in its class

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 42,61,618₹ 3,34,832₹ 35,47,247
2₹ 35,47,247₹ 2,71,688₹ 27,69,732
3₹ 27,69,732₹ 2,02,963₹ 19,23,492
4₹ 19,23,492₹ 1,28,163₹ 10,02,452
5₹ 10,02,452₹ 46,752₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 42,61,618, EMI of ₹ 87,434, tenure of 5 years, interest rate of 8.5% p.a