Mg Gloster

On Road Price Price Details

₹ 49,29,803

Loan Amount

₹ 44,36,823

Estimated Monthly Payment

₹ 91,456/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: ₹ 8,000

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₹ 44,36,823₹ 3,56,937₹ 36,96,282
2₹ 36,96,282₹ 2,89,877₹ 28,88,681
3₹ 28,88,681₹ 2,16,746₹ 20,07,949
4₹ 20,07,949₹ 1,36,992₹ 10,47,463
5₹ 10,47,463₹ 50,015₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 44,36,823, EMI of ₹ 91,456, tenure of 5 years, interest rate of 8.7% p.a