Mg Hector

On Road Price Price Details

₹ 17,31,040

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

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Axis Bank

Interest Rate 9.30 %

Processing Fee: ₹ 7,000

Avail 100% With flexible repayment tenure

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HDFC Bank

Interest Rate 9.40 %

Processing Fee: ₹ 8,000

Flexible repayment, Zero Foreclosure, Top-up loan

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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