Loan
Lease
Mg Astor
On Road Price Price Details
₹ 12,01,207
Ex-Showroom Price
₹ 9,98,000
Compr. Insurance
Comprehensive Insurance
₹ 46,518
RTO - Individual
₹ 1,56,689
TCS
₹ 0
Depot Charges
₹ 0
On Road Price
₹ 12,01,207
Loan Amount
₹ 12,01,207
Rate of Interest
8.5 %
Duration
60 Months
EMI
₹ 24,645
Loan Amount
₹ 12,01,207
Estimated Monthly Payment
₹ 24,645/month
Interest Rate 8.5 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 8.50 %
Processing Fee: ₹ 12,012.07
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 8.50 %
Processing Fee: ₹ 6,006.035
Flexible repayment, Zero Foreclosure, Top-up loan
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 12,01,207 | ₹ 94,378 | ₹ 9,99,850 |
| 2 | ₹ 9,99,850 | ₹ 76,580 | ₹ 7,80,694 |
| 3 | ₹ 7,80,694 | ₹ 57,209 | ₹ 5,42,168 |
| 4 | ₹ 5,42,168 | ₹ 36,125 | ₹ 2,82,557 |
| 5 | ₹ 2,82,557 | ₹ 13,178 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 12,01,207, EMI of ₹ 24,645, tenure of 5 years, interest rate of 8.5% p.a