Loan
Lease
Mahindra Bolero Neo
On Road Price Price Details
₹ 11,73,722
Ex-Showroom Price
₹ 9,94,599
Compr. Insurance
Comprehensive Insurance
₹ 56,400
RTO - Individual
₹ 1,57,723
TCS
₹ 0
Depot Charges
₹ 0
Cash Discount
- ₹ 35,000
On Road Price
₹ 11,73,722
Down Payment
₹ 1,17,372
Loan Amount
₹ 10,56,350
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 21,775
Loan Amount
₹ 10,56,350
Estimated Monthly Payment
₹ 21,775/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: ₹ 5,869
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 | ₹ 10,56,350 | ₹ 84,982 | ₹ 8,80,037 |
| 2 | ₹ 8,80,037 | ₹ 69,016 | ₹ 6,87,758 |
| 3 | ₹ 6,87,758 | ₹ 51,604 | ₹ 4,78,067 |
| 4 | ₹ 4,78,067 | ₹ 32,616 | ₹ 2,49,387 |
| 5 | ₹ 2,49,387 | ₹ 11,908 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 10,56,350, EMI of ₹ 21,775, tenure of 5 years, interest rate of 8.7% p.a