Mercedes A-class

On Road Price Price Details

₹ 53,28,207

Loan Amount

₹ 53,28,207

Estimated Monthly Payment

₹ 1,09,316/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: ₹ 53,282.07

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 26,641.035

Flexible repayment, Zero Foreclosure, Top-up loan

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 53,28,207₹ 4,18,634₹ 44,35,045
2₹ 44,35,045₹ 3,39,686₹ 34,62,935
3₹ 34,62,935₹ 2,53,760₹ 24,04,899
4₹ 24,04,899₹ 1,60,240₹ 12,53,343
5₹ 12,53,343₹ 58,453₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 53,28,207, EMI of ₹ 1,09,316, tenure of 5 years, interest rate of 8.5% p.a