Loan
Lease
Corporate Lease Check
Individual Lease Check
Mg Hector
On Road Price Price Details
₹ 17,31,040
Ex-Showroom Price
₹ 13,99,800
Compr. Insurance
Comprehensive Insurance
₹ 75,000
RTO - Individual
₹ 2,72,242
TCS
₹ 13,998
Depot Charges
₹ 0
Cash Discount
- ₹ 30,000
On Road Price
₹ 17,31,040
Down Payment
₹ 1,73,104
Loan Amount
₹ 15,57,936
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 32,114
Loan Amount
₹ 15,57,936
Estimated Monthly Payment
₹ 32,114/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 | ₹ 15,57,936 | ₹ 1,25,334 | ₹ 12,97,904 |
2 | ₹ 12,97,904 | ₹ 1,01,787 | ₹ 10,14,325 |
3 | ₹ 10,14,325 | ₹ 76,108 | ₹ 7,05,067 |
4 | ₹ 7,05,067 | ₹ 48,103 | ₹ 3,67,804 |
5 | ₹ 3,67,804 | ₹ 17,562 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 15,57,936, EMI of ₹ 32,114, tenure of 5 years, interest rate of 8.7% p.a