Loan
Lease
Mg Gloster
On Road Price Price Details
₹ 47,42,466
Ex-Showroom Price
₹ 38,07,800
Compr. Insurance
Comprehensive Insurance
₹ 1,29,690
RTO - Individual
₹ 7,66,898
TCS
₹ 38,078
Depot Charges
₹ 0
On Road Price
₹ 47,42,466
Loan Amount
₹ 47,42,466
Rate of Interest
8.5 %
Duration
60 Months
EMI
₹ 97,299
Loan Amount
₹ 47,42,466
Estimated Monthly Payment
₹ 97,299/month
Interest Rate 8.5 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 8.50 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 8.50 %
Processing Fee: ₹ 8,000
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 7.50 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 47,42,466 | ₹ 3,72,612 | ₹ 39,47,491 |
| 2 | ₹ 39,47,491 | ₹ 3,02,344 | ₹ 30,82,247 |
| 3 | ₹ 30,82,247 | ₹ 2,25,864 | ₹ 21,40,524 |
| 4 | ₹ 21,40,524 | ₹ 1,42,624 | ₹ 11,15,561 |
| 5 | ₹ 11,15,561 | ₹ 52,027 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 47,42,466, EMI of ₹ 97,299, tenure of 5 years, interest rate of 8.5% p.a