Loan
Lease
Mg Hector Plus
On Road Price Price Details
₹ 21,80,140
Ex-Showroom Price
₹ 17,29,800
Compr. Insurance
Comprehensive Insurance
₹ 98,529
RTO - Individual
₹ 3,34,513
TCS
₹ 17,298
Depot Charges
₹ 0
On Road Price
₹ 21,80,140
Down Payment
₹ 2,18,014
Loan Amount
₹ 19,62,126
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 40,445
Loan Amount
₹ 19,62,126
Estimated Monthly Payment
₹ 40,445/month
Interest Rate 8.7 %
Buying a
Down Payment
Duration
Down Payment
Duration
Loan Offers
Axis Bank
Interest Rate 9.30 %
Processing Fee: ₹ 7,000
Avail 100% With flexible repayment tenure
HDFC Bank
Interest Rate 9.40 %
Processing Fee: ₹ 8,000
Flexible repayment, Zero Foreclosure, Top-up loan
Union Bank of India
Interest Rate 8.70 %
Processing Fee: ₹ 1,000
Best ROI in its class
Amortization Schedule
Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹ 19,62,126 | ₹ 1,57,850 | ₹ 16,34,631 |
| 2 | ₹ 16,34,631 | ₹ 1,28,194 | ₹ 12,77,481 |
| 3 | ₹ 12,77,481 | ₹ 95,853 | ₹ 8,87,989 |
| 4 | ₹ 8,87,989 | ₹ 60,583 | ₹ 4,63,226 |
| 5 | ₹ 4,63,226 | ₹ 22,119 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 19,62,126, EMI of ₹ 40,445, tenure of 5 years, interest rate of 8.7% p.a