Mg Comet Ev

On Road Price Price Details

₹ 7,30,400

Loan Amount

₹ 6,57,360

Estimated Monthly Payment

₹ 13,550/month

Interest Rate 8.7 %

Buying a

Down Payment

Duration

Down Payment

Duration

Loan Offers

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Axis Bank

Interest Rate 9.30 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 9.40 %

Processing Fee: ₹ 3,652

Flexible repayment, Zero Foreclosure, Top-up loan

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Union Bank of India

Interest Rate 8.70 %

Processing Fee: ₹ 1,000

Best ROI in its class

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 6,57,360₹ 52,884₹ 5,47,641
2₹ 5,47,641₹ 42,948₹ 4,27,987
3₹ 4,27,987₹ 32,113₹ 2,97,498
4₹ 2,97,498₹ 20,297₹ 1,55,192
5₹ 1,55,192₹ 7,410₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 6,57,360, EMI of ₹ 13,550, tenure of 5 years, interest rate of 8.7% p.a