Loan
Lease
Mg Hector Plus
On Road Price Price Details
₹ 25,34,271
Ex-Showroom Price
₹ 20,14,800
Compr. Insurance
Comprehensive Insurance
₹ 90,666
RTO - Individual
₹ 4,08,657
TCS
₹ 20,148
Depot Charges
₹ 0
On Road Price
₹ 25,34,271
Loan Amount
₹ 25,34,271
Rate of Interest
8.5 %
Duration
60 Months
EMI
₹ 51,994
Loan Amount
₹ 25,34,271
Estimated Monthly Payment
₹ 51,994/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 | ₹ 25,34,271 | ₹ 1,99,116 | ₹ 21,09,454 |
| 2 | ₹ 21,09,454 | ₹ 1,61,566 | ₹ 16,47,086 |
| 3 | ₹ 16,47,086 | ₹ 1,20,697 | ₹ 11,43,849 |
| 4 | ₹ 11,43,849 | ₹ 76,215 | ₹ 5,96,131 |
| 5 | ₹ 5,96,131 | ₹ 27,802 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 25,34,271, EMI of ₹ 51,994, tenure of 5 years, interest rate of 8.5% p.a