Mg Gloster

On Road Price Price Details

₹ 48,34,025

Loan Amount

₹ 48,34,025

Estimated Monthly Payment

₹ 1,12,229/month

Interest Rate 13.9 %

Buying a

Down Payment

Duration

Down Payment

Duration

Loan Offers

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Axis Bank

Interest Rate 13.90 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 13.75 %

Processing Fee: ₹ 8,000

Flexible repayment, Zero Foreclosure, Top-up loan

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Union Bank of India

Interest Rate 10.75 %

Processing Fee: ₹ 1,000

Best ROI in its class

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 48,34,025₹ 6,27,234₹ 41,14,513
2₹ 41,14,513₹ 5,20,598₹ 32,88,364
3₹ 32,88,364₹ 3,98,157₹ 23,39,775
4₹ 23,39,775₹ 2,57,570₹ 12,50,599
5₹ 12,50,599₹ 96,147₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 48,34,025, EMI of ₹ 1,12,229, tenure of 5 years, interest rate of 13.9% p.a