Loan
Lease
Corporate Lease Check
Individual Lease Check
Mg Gloster
On Road Price Price Details
₹ 44,79,803
Ex-Showroom Price
₹ 39,56,800
Compr. Insurance
Comprehensive Insurance
₹ 1,34,766
RTO - Individual
₹ 7,98,669
TCS
₹ 39,568
Depot Charges
₹ 0
Cash Discount
- ₹ 4,50,000
On Road Price
₹ 44,79,803
Down Payment
₹ 4,47,980
Loan Amount
₹ 40,31,823
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 83,108
Loan Amount
₹ 40,31,823
Estimated Monthly Payment
₹ 83,108/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 | ₹ 40,31,823 | ₹ 3,24,355 | ₹ 33,58,879 |
2 | ₹ 33,58,879 | ₹ 2,63,417 | ₹ 26,24,998 |
3 | ₹ 26,24,998 | ₹ 1,96,961 | ₹ 18,24,660 |
4 | ₹ 18,24,660 | ₹ 1,24,487 | ₹ 9,51,849 |
5 | ₹ 9,51,849 | ₹ 45,450 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 40,31,823, EMI of ₹ 83,108, tenure of 5 years, interest rate of 8.7% p.a