Gromax Trakstar 550 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 Gromax Trakstar 550 Click Here
Ex-showroom Price of Gromax Trakstar 550 : ₹ 7,15,000
Loan Amount : ₹ 6,07,750
Down Payment : ₹ 1,07,250

Document Charges : NA
Processing Fee : ₹ 6,078
MonthsEMIChart
12₹ 53,463View Chart
24₹ 28,326View Chart
36₹ 19,986View Chart
48₹ 15,846View Chart
60₹ 13,385View Chart
72₹ 11,764View Chart
84₹ 10,622View Chart
Total Interest Amount is ₹ 33,808 for the loan amount of ₹ 6,07,750
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Dec-2021₹ 53,463₹ 5,543₹ 47,920₹ 5,06,367
2Jan-2022₹ 53,463₹ 5,064₹ 48,399₹ 4,57,968
3Feb-2022₹ 53,463₹ 4,580₹ 48,883₹ 4,09,085
4Mar-2022₹ 53,463₹ 4,091₹ 49,372₹ 3,59,713
5Apr-2022₹ 53,463₹ 3,597₹ 49,866₹ 3,09,847
6May-2022₹ 53,463₹ 3,098₹ 50,365₹ 2,59,482
7Jun-2022₹ 53,463₹ 2,595₹ 50,868₹ 2,08,614
8Jul-2022₹ 53,463₹ 2,086₹ 51,377₹ 1,57,237
9Aug-2022₹ 53,463₹ 1,572₹ 51,891₹ 1,05,346
10Sep-2022₹ 53,463₹ 1,053₹ 52,410₹ 52,936
11Oct-2022₹ 53,463₹ 529₹ 52,9340
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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