Mg Hector Plus

On Road Price Price Details

₹ 25,58,364

Loan Amount

₹ 25,58,364

Estimated Monthly Payment

₹ 52,489/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₹ 25,58,364₹ 2,01,009₹ 21,29,508
2₹ 21,29,508₹ 1,63,102₹ 16,62,745
3₹ 16,62,745₹ 1,21,844₹ 11,54,724
4₹ 11,54,724₹ 76,940₹ 6,01,799
5₹ 6,01,799₹ 28,066₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 25,58,364, EMI of ₹ 52,489, tenure of 5 years, interest rate of 8.5% p.a