Loan
Lease
Mahindra Bolero Neo
On Road Price Price Details
₹ 12,08,722
Ex-Showroom Price
₹ 9,94,599
Compr. Insurance
Comprehensive Insurance
₹ 56,400
RTO - Individual
₹ 1,57,723
TCS
₹ 0
Depot Charges
₹ 0
On Road Price
₹ 12,08,722
Down Payment
₹ 1,20,872
Loan Amount
₹ 10,87,850
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 22,424
Loan Amount
₹ 10,87,850
Estimated Monthly Payment
₹ 22,424/month
Interest Rate 8.7 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 9.30 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 9.40 %
Processing Fee: ₹ 6,044
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 8.70 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 10,87,850 | ₹ 87,516 | ₹ 9,06,279 |
| 2 | ₹ 9,06,279 | ₹ 71,074 | ₹ 7,08,266 |
| 3 | ₹ 7,08,266 | ₹ 53,143 | ₹ 4,92,322 |
| 4 | ₹ 4,92,322 | ₹ 33,589 | ₹ 2,56,824 |
| 5 | ₹ 2,56,824 | ₹ 12,263 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 10,87,850, EMI of ₹ 22,424, tenure of 5 years, interest rate of 8.7% p.a