Mahindra Scorpio Classic

On Road Price Price Details

₹ 17,05,250

Loan Amount

₹ 15,34,725

Estimated Monthly Payment

₹ 31,635/month

Interest Rate 8.7 %

Buying a

Down Payment

Duration

Down Payment

Duration

Loan Offers

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Axis Bank

Interest Rate 9.30 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 9.40 %

Processing Fee: ₹ 8,000

Flexible repayment, Zero Foreclosure, Top-up loan

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Union Bank of India

Interest Rate 8.70 %

Processing Fee: ₹ 1,000

Best ROI in its class

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 15,34,725₹ 1,23,467₹ 12,78,567
2₹ 12,78,567₹ 1,00,270₹ 9,99,213
3₹ 9,99,213₹ 74,974₹ 6,94,562
4₹ 6,94,562₹ 47,386₹ 3,62,324
5₹ 3,62,324₹ 17,301₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 15,34,725, EMI of ₹ 31,635, tenure of 5 years, interest rate of 8.7% p.a