Farmtrac Ferrari Tractor EMI calculator

Option 1) Select your desired bank to see the interest amount you have to pay during the entire loan period and to see the emi chart for various periods against Tractor Loan

Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Tractor

Option 3) Enter the desired amount and desired interest rate of Tractor to know the emi and finance option

EMI for the tractor you want Suggest the best bank EMI with rate you wish
EMI in Advance EMI in Arrears
To get finance for Farmtrac Ferrari Click Here
Ex-showroom Price of Farmtrac Ferrari : ₹ 3,00,000
Loan Amount : ₹ 2,55,000
Down Payment : ₹ 45,000

Document Charges : NA
Processing Fee : ₹ 2,550
MonthsEMIChart
12₹ 22,432View Chart
24₹ 11,885View Chart
36₹ 8,386View Chart
48₹ 6,649View Chart
60₹ 5,616View Chart
72₹ 4,936View Chart
84₹ 4,457View Chart
Total Interest Amount is ₹ 14,186 for the loan amount of ₹ 2,55,000
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Jul-2020₹ 22,432₹ 2,326₹ 20,106₹ 2,12,462
2Aug-2020₹ 22,432₹ 2,125₹ 20,307₹ 1,92,155
3Sep-2020₹ 22,432₹ 1,922₹ 20,510₹ 1,71,645
4Oct-2020₹ 22,432₹ 1,716₹ 20,716₹ 1,50,929
5Nov-2020₹ 22,432₹ 1,509₹ 20,923₹ 1,30,006
6Dec-2020₹ 22,432₹ 1,300₹ 21,132₹ 1,08,874
7Jan-2021₹ 22,432₹ 1,089₹ 21,343₹ 87,531
8Feb-2021₹ 22,432₹ 875₹ 21,557₹ 65,974
9Mar-2021₹ 22,432₹ 660₹ 21,772₹ 44,202
10Apr-2021₹ 22,432₹ 442₹ 21,990₹ 22,212
11May-2021₹ 22,432₹ 222₹ 22,2100
EMI in Advance EMI in Arrears
EMI in Advance EMI in Arrears

* Usually the margin on tractor loans would 15% to 25% which means banks will offer loan only up to 75% to 85% of ex-showroom price of the tractor. For calculation purpose we have considered the margin as 15%. Do note that loan will be offered only on ex-showroom price of the vehicle not on the on-road price (insurance, road tax, accessories, handling, extended warranty and other misc charged have to be taken care by the customer)

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