Loan
Lease
Corporate Lease Check
Individual Lease Check
Mg Hector Plus
On Road Price Price Details
₹ 22,03,582
Ex-Showroom Price
₹ 17,49,800
Compr. Insurance
Comprehensive Insurance
₹ 97,997
RTO - Individual
₹ 3,38,287
TCS
₹ 17,498
Depot Charges
₹ 0
On Road Price
₹ 22,03,582
Down Payment
₹ 2,20,358
Loan Amount
₹ 19,83,224
Rate of Interest
8.7 %
Duration
60 Months
EMI
₹ 40,880
Loan Amount
₹ 19,83,224
Estimated Monthly Payment
₹ 40,880/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 | ₹ 19,83,224 | ₹ 1,59,548 | ₹ 16,52,208 |
| 2 | ₹ 16,52,208 | ₹ 1,29,573 | ₹ 12,91,217 |
| 3 | ₹ 12,91,217 | ₹ 96,884 | ₹ 8,97,537 |
| 4 | ₹ 8,97,537 | ₹ 61,234 | ₹ 4,68,207 |
| 5 | ₹ 4,68,207 | ₹ 22,356 | ₹ 0 |
The table above provides you the loan repayment schedule for a loan amount of ₹ 19,83,224, EMI of ₹ 40,880, tenure of 5 years, interest rate of 8.7% p.a