Mg Gloster

On Road Price Price Details

₹ 44,79,803

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

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Axis Bank

Interest Rate 9.30 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 9.40 %

Processing Fee: ₹ 8,000

Flexible repayment, Zero Foreclosure, Top-up loan

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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