Hmt 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 Hmt Tractor Loan

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

Option 3) Enter the desired amount and desired interest rate of Hmt 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
Ex-showroom Price of Hmt 2522 DX : ₹ 4,10,000
Loan Amount : ₹ 3,48,500
Down Payment : ₹ 61,500

Document Charges : NA
Processing Fee : ₹ 3,485
MonthsEMIChart
12₹ 30,657View Chart
24₹ 16,243View Chart
36₹ 11,461View Chart
48₹ 9,086View Chart
60₹ 7,675View Chart
72₹ 6,746View Chart
84₹ 6,091View Chart
Total Interest Amount is ₹ 19,388 for the loan amount of ₹ 3,48,500
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Mar-2024₹ 30,657₹ 3,178₹ 27,479₹ 2,90,364
2Apr-2024₹ 30,657₹ 2,904₹ 27,753₹ 2,62,611
3May-2024₹ 30,657₹ 2,626₹ 28,031₹ 2,34,580
4Jun-2024₹ 30,657₹ 2,346₹ 28,311₹ 2,06,269
5Jul-2024₹ 30,657₹ 2,063₹ 28,594₹ 1,77,675
6Aug-2024₹ 30,657₹ 1,777₹ 28,880₹ 1,48,795
7Sep-2024₹ 30,657₹ 1,488₹ 29,169₹ 1,19,626
8Oct-2024₹ 30,657₹ 1,196₹ 29,461₹ 90,165
9Nov-2024₹ 30,657₹ 902₹ 29,755₹ 60,410
10Dec-2024₹ 30,657₹ 604₹ 30,053₹ 30,357
11Jan-2025₹ 30,657₹ 304₹ 30,3530
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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