Mg Hector Plus

On Road Price Price Details

₹ 25,28,923

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

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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₹ 25,28,923₹ 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