Loan
Lease
Mercedes Gle
On Road Price Price Details
₹ 1,09,23,539
Ex-Showroom Price
₹ 85,80,000
Compr. Insurance
Comprehensive Insurance
₹ 4,96,089
RTO - Individual
₹ 17,61,650
TCS
₹ 85,800
Depot Charges
₹ 0
On Road Price
₹ 1,09,23,539
Loan Amount
₹ 1,09,23,539
Rate of Interest
8.5 %
Duration
60 Months
EMI
₹ 2,24,113
Loan Amount
₹ 1,09,23,539
Estimated Monthly Payment
₹ 2,24,113/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 | ₹ 1,09,23,539 | ₹ 8,58,255 | ₹ 90,92,436 |
| 2 | ₹ 90,92,436 | ₹ 6,96,402 | ₹ 70,99,481 |
| 3 | ₹ 70,99,481 | ₹ 5,20,243 | ₹ 49,30,366 |
| 4 | ₹ 49,30,366 | ₹ 3,28,513 | ₹ 25,69,522 |
| 5 | ₹ 25,69,522 | ₹ 1,19,836 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 1,09,23,539, EMI of ₹ 2,24,113, tenure of 5 years, interest rate of 8.5% p.a