Mg Gloster

On Road Price Price Details

₹ 38,62,143

Loan Amount

₹ 38,62,143

Estimated Monthly Payment

₹ 79,238/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: ₹ 38,621.43

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 19,310.715

Flexible repayment, Zero Foreclosure, Top-up loan

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 38,62,143₹ 3,03,446₹ 32,14,736
2₹ 32,14,736₹ 2,46,221₹ 25,10,103
3₹ 25,10,103₹ 1,83,938₹ 17,43,188
4₹ 17,43,188₹ 1,16,150₹ 9,08,484
5₹ 9,08,484₹ 42,369₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 38,62,143, EMI of ₹ 79,238, tenure of 5 years, interest rate of 8.5% p.a