Loan
Lease
Corporate Lease Check
Individual Lease Check
Mg Comet Ev
On Road Price Price Details
₹ 7,35,400
Ex-Showroom Price
₹ 6,99,800
Compr. Insurance
Comprehensive Insurance
₹ 42,500
RTO - Individual
₹ 8,100
TCS
₹ 0
Depot Charges
₹ 0
Cash Discount
- ₹ 15,000
On Road Price
₹ 7,35,400
Down Payment
₹ 73,540
Loan Amount
₹ 6,61,860
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 13,643
Loan Amount
₹ 6,61,860
Estimated Monthly Payment
₹ 13,643/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: ₹ 3,677
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 | ₹ 6,61,860 | ₹ 53,246 | ₹ 5,51,390 |
| 2 | ₹ 5,51,390 | ₹ 43,242 | ₹ 4,30,917 |
| 3 | ₹ 4,30,917 | ₹ 32,333 | ₹ 2,99,534 |
| 4 | ₹ 2,99,534 | ₹ 20,436 | ₹ 1,56,255 |
| 5 | ₹ 1,56,255 | ₹ 7,461 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 6,61,860, EMI of ₹ 13,643, tenure of 5 years, interest rate of 8.7% p.a