Mg Hector Plus

On Road Price Price Details

₹ 17,29,894

Loan Amount

₹ 17,29,894

Estimated Monthly Payment

₹ 35,491/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: ₹ 1.00

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 5,000.00

Flexible repayment, Zero Foreclosure, Top-up loan

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 17,29,894₹ 1,35,917₹ 14,39,913
2₹ 14,39,913₹ 1,10,285₹ 11,24,301
3₹ 11,24,301₹ 82,388₹ 7,80,792
4₹ 7,80,792₹ 52,025₹ 4,06,919
5₹ 4,06,919₹ 18,978₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 17,29,894, EMI of ₹ 35,491, tenure of 5 years, interest rate of 8.5% p.a