Loan
Lease
Mercedes A-class
On Road Price Price Details
₹ 57,61,891
Ex-Showroom Price
₹ 45,80,000
Compr. Insurance
Comprehensive Insurance
₹ 2,53,634
RTO - Individual
₹ 8,82,457
TCS
₹ 45,800
Depot Charges
₹ 0
On Road Price
₹ 57,61,891
Loan Amount
₹ 57,61,891
Rate of Interest
8.5 %
Duration
60 Months
EMI
₹ 1,18,214
Loan Amount
₹ 57,61,891
Estimated Monthly Payment
₹ 1,18,214/month
Interest Rate 8.5 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 8.50 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 8.50 %
Processing Fee: ₹ 8,000
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 7.50 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 57,61,891 | ₹ 4,52,708 | ₹ 47,96,031 |
| 2 | ₹ 47,96,031 | ₹ 3,67,335 | ₹ 37,44,797 |
| 3 | ₹ 37,44,797 | ₹ 2,74,415 | ₹ 26,00,644 |
| 4 | ₹ 26,00,644 | ₹ 1,73,282 | ₹ 13,55,358 |
| 5 | ₹ 13,55,358 | ₹ 63,210 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 57,61,891, EMI of ₹ 1,18,214, tenure of 5 years, interest rate of 8.5% p.a