Mg Hector

On Road Price Price Details

₹ 17,24,298

Loan Amount

₹ 17,24,298

Estimated Monthly Payment

₹ 35,377/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: ₹ 17,242.98

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 8.50 %

Processing Fee: ₹ 8,621.49

Flexible repayment, Zero Foreclosure, Top-up loan

Amortization Schedule

Year

Principal

Interest

Balance

1₹ 17,24,298₹ 1,35,477₹ 14,35,256
2₹ 14,35,256₹ 1,09,928₹ 11,20,664
3₹ 11,20,664₹ 82,121₹ 7,78,266
4₹ 7,78,266₹ 51,856₹ 4,05,603
5₹ 4,05,603₹ 18,916₹ 0

The table above provides you the loan repayment schedule for a loan amount of ₹ 17,24,298, EMI of ₹ 35,377, tenure of 5 years, interest rate of 8.5% p.a