Mercedes A-class

On Road Price Price Details

₹ 53,38,131

Loan Amount

₹ 53,38,131

Estimated Monthly Payment

₹ 1,09,520/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₹ 53,38,131₹ 4,19,413₹ 44,43,305
2₹ 44,43,305₹ 3,40,319₹ 34,69,385
3₹ 34,69,385₹ 2,54,233₹ 24,09,379
4₹ 24,09,379₹ 1,60,538₹ 12,55,678
5₹ 12,55,678₹ 58,562₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 53,38,131, EMI of ₹ 1,09,520, tenure of 5 years, interest rate of 8.5% p.a