Loan
Lease
Mercedes Gla
On Road Price Price Details
₹ 63,98,068
Ex-Showroom Price
₹ 51,75,000
Compr. Insurance
Comprehensive Insurance
₹ 1,36,853
RTO - Individual
₹ 10,34,465
TCS
₹ 51,750
Depot Charges
₹ 0
On Road Price
₹ 63,98,068
Down Payment
₹ 6,39,807
Loan Amount
₹ 57,58,261
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 1,18,695
Loan Amount
₹ 57,58,261
Estimated Monthly Payment
₹ 1,18,695/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: ₹ 8,000
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 | ₹ 57,58,261 | ₹ 4,63,245 | ₹ 47,97,161 |
| 2 | ₹ 47,97,161 | ₹ 3,76,213 | ₹ 37,49,030 |
| 3 | ₹ 37,49,030 | ₹ 2,81,300 | ₹ 26,05,985 |
| 4 | ₹ 26,05,985 | ₹ 1,77,792 | ₹ 13,59,433 |
| 5 | ₹ 13,59,433 | ₹ 64,912 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 57,58,261, EMI of ₹ 1,18,695, tenure of 5 years, interest rate of 8.7% p.a