Mg Gloster

On Road Price Price Details

₹ 40,67,702

Loan Amount

₹ 40,67,702

Estimated Monthly Payment

₹ 83,455/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₹ 40,67,702₹ 3,19,597₹ 33,85,837
2₹ 33,85,837₹ 2,59,326₹ 26,43,701
3₹ 26,43,701₹ 1,93,728₹ 18,35,967
4₹ 18,35,967₹ 1,22,331₹ 9,56,837
5₹ 9,56,837₹ 44,624₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 40,67,702, EMI of ₹ 83,455, tenure of 5 years, interest rate of 8.5% p.a