Loan
Lease
Mercedes Gls
On Road Price Price Details
₹ 1,67,47,764
Ex-Showroom Price
₹ 1,32,25,000
Compr. Insurance
Comprehensive Insurance
₹ 7,43,346
RTO - Individual
₹ 26,47,168
TCS
₹ 1,32,250
Depot Charges
₹ 0
On Road Price
₹ 1,67,47,764
Down Payment
₹ 16,74,776
Loan Amount
₹ 1,50,72,988
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 3,10,700
Loan Amount
₹ 1,50,72,988
Estimated Monthly Payment
₹ 3,10,700/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 | ₹ 1,50,72,988 | ₹ 12,12,602 | ₹ 1,25,57,186 |
| 2 | ₹ 1,25,57,186 | ₹ 9,84,785 | ₹ 98,13,566 |
| 3 | ₹ 98,13,566 | ₹ 7,36,339 | ₹ 68,21,501 |
| 4 | ₹ 68,21,501 | ₹ 4,65,394 | ₹ 35,58,490 |
| 5 | ₹ 35,58,490 | ₹ 1,69,914 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 1,50,72,988, EMI of ₹ 3,10,700, tenure of 5 years, interest rate of 8.7% p.a