Loan
Lease
Mg Gloster
On Road Price Price Details
₹ 48,34,025
Ex-Showroom Price
₹ 38,79,800
Compr. Insurance
Comprehensive Insurance
₹ 1,32,143
RTO - Individual
₹ 7,83,284
TCS
₹ 38,798
Depot Charges
₹ 0
On Road Price
₹ 48,34,025
Down Payment
₹ 4,83,403
Loan Amount
₹ 43,50,622
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 89,680
Loan Amount
₹ 43,50,622
Estimated Monthly Payment
₹ 89,680/month
Interest Rate 8.7 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 9.30 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 9.40 %
Processing Fee: ₹ 8,000
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 8.70 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 43,50,622 | ₹ 3,50,002 | ₹ 36,24,468 |
| 2 | ₹ 36,24,468 | ₹ 2,84,246 | ₹ 28,32,558 |
| 3 | ₹ 28,32,558 | ₹ 2,12,535 | ₹ 19,68,937 |
| 4 | ₹ 19,68,937 | ₹ 1,34,330 | ₹ 10,27,112 |
| 5 | ₹ 10,27,112 | ₹ 49,044 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 43,50,622, EMI of ₹ 89,680, tenure of 5 years, interest rate of 8.7% p.a