Mg Gloster

On Road Price Price Details

₹ 47,27,466

Loan Amount

₹ 47,27,466

Estimated Monthly Payment

₹ 96,991/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₹ 47,27,466₹ 3,71,434₹ 39,35,005
2₹ 39,35,005₹ 3,01,387₹ 30,72,498
3₹ 30,72,498₹ 2,25,150₹ 21,33,753
4₹ 21,33,753₹ 1,42,173₹ 11,12,032
5₹ 11,12,032₹ 51,862₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 47,27,466, EMI of ₹ 96,991, tenure of 5 years, interest rate of 8.5% p.a