Mg Comet Ev

On Road Price Price Details

₹ 8,33,752

Loan Amount

₹ 8,33,752

Estimated Monthly Payment

₹ 17,106/month

Interest Rate 8.5 %

Buying a

Down Payment

Duration

Down Payment

Duration

Loan Offers

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Axis Bank

Interest Rate 8.50 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 4,169

Flexible repayment, Zero Foreclosure, Top-up loan

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Union Bank of India

Interest Rate 7.50 %

Processing Fee: ₹ 1,000

Best ROI in its class

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 8,33,752₹ 65,507₹ 6,93,991
2₹ 6,93,991₹ 53,154₹ 5,41,876
3₹ 5,41,876₹ 39,708₹ 3,76,316
4₹ 3,76,316₹ 25,074₹ 1,96,122
5₹ 1,96,122₹ 9,147₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 8,33,752, EMI of ₹ 17,106, tenure of 5 years, interest rate of 8.5% p.a