Mg Gloster

On Road Price Price Details

₹ 39,88,500

Loan Amount

₹ 39,88,500

Estimated Monthly Payment

₹ 81,830/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₹ 39,88,500₹ 3,13,374₹ 33,19,911
2₹ 33,19,911₹ 2,54,277₹ 25,92,226
3₹ 25,92,226₹ 1,89,956₹ 18,00,219
4₹ 18,00,219₹ 1,19,950₹ 9,38,207
5₹ 9,38,207₹ 43,756₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 39,88,500, EMI of ₹ 81,830, tenure of 5 years, interest rate of 8.5% p.a