Loan
Lease
Mg Hector Plus
On Road Price Price Details
₹ 25,28,923
Ex-Showroom Price
₹ 20,14,800
Compr. Insurance
Comprehensive Insurance
₹ 85,318
RTO - Individual
₹ 4,08,657
TCS
₹ 20,148
Depot Charges
₹ 0
On Road Price
₹ 25,28,923
Loan Amount
₹ 25,28,923
Rate of Interest
8.5 %
Duration
60 Months
EMI
₹ 51,885
Loan Amount
₹ 25,28,923
Estimated Monthly Payment
₹ 51,885/month
Interest Rate 8.5 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 8.50 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 8.50 %
Processing Fee: ₹ 8,000
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 7.50 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 25,28,923 | ₹ 1,98,696 | ₹ 21,05,002 |
| 2 | ₹ 21,05,002 | ₹ 1,61,225 | ₹ 16,43,610 |
| 3 | ₹ 16,43,610 | ₹ 1,20,442 | ₹ 11,41,436 |
| 4 | ₹ 11,41,436 | ₹ 76,054 | ₹ 5,94,873 |
| 5 | ₹ 5,94,873 | ₹ 27,743 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 25,28,923, EMI of ₹ 51,885, tenure of 5 years, interest rate of 8.5% p.a