Loan
Lease
Mg Comet Ev
On Road Price Price Details
₹ 7,49,400
Ex-Showroom Price
₹ 6,98,800
Compr. Insurance
Comprehensive Insurance
₹ 42,500
RTO - Individual
₹ 8,100
TCS
₹ 0
Depot Charges
₹ 0
On Road Price
₹ 7,49,400
Down Payment
₹ 74,940
Loan Amount
₹ 6,74,460
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 13,903
Loan Amount
₹ 6,74,460
Estimated Monthly Payment
₹ 13,903/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: ₹ 3,747
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 | ₹ 6,74,460 | ₹ 54,259 | ₹ 5,61,887 |
| 2 | ₹ 5,61,887 | ₹ 44,065 | ₹ 4,39,120 |
| 3 | ₹ 4,39,120 | ₹ 32,948 | ₹ 3,05,237 |
| 4 | ₹ 3,05,237 | ₹ 20,825 | ₹ 1,59,229 |
| 5 | ₹ 1,59,229 | ₹ 7,603 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 6,74,460, EMI of ₹ 13,903, tenure of 5 years, interest rate of 8.7% p.a