Mg Gloster

On Road Price Price Details

₹ 47,42,466

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

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Axis Bank

Interest Rate 8.50 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 8,000

Flexible repayment, Zero Foreclosure, Top-up loan

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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