Loan
Lease
Corporate Lease Check
Individual Lease Check
Mg Comet Ev
On Road Price Price Details
₹ 7,30,400
Ex-Showroom Price
₹ 6,99,800
Compr. Insurance
Comprehensive Insurance
₹ 42,500
RTO - Individual
₹ 8,100
TCS
₹ 0
Depot Charges
₹ 0
Cash Discount
- ₹ 20,000
On Road Price
₹ 7,30,400
Down Payment
₹ 73,040
Loan Amount
₹ 6,57,360
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 13,550
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
Axis Bank
Interest Rate 9.30 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 9.40 %
Processing Fee: ₹ 3,652
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 | ₹ 6,57,360 | ₹ 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