Indo Farm 3040 DI 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 Indo Farm 3040 DI Click Here
Ex-showroom Price of Indo Farm 3040 DI : ₹ 6,40,000
Loan Amount : ₹ 5,44,000
Down Payment : ₹ 96,000

Document Charges : NA
Processing Fee : ₹ 5,440
MonthsEMIChart
12₹ 47,855View Chart
24₹ 25,354View Chart
36₹ 17,890View Chart
48₹ 14,184View Chart
60₹ 11,981View Chart
72₹ 10,530View Chart
84₹ 9,508View Chart
Total Interest Amount is ₹ 30,262 for the loan amount of ₹ 5,44,000
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Apr-2021₹ 47,855₹ 4,961₹ 42,894₹ 4,53,251
2May-2021₹ 47,855₹ 4,533₹ 43,322₹ 4,09,929
3Jun-2021₹ 47,855₹ 4,099₹ 43,756₹ 3,66,173
4Jul-2021₹ 47,855₹ 3,662₹ 44,193₹ 3,21,980
5Aug-2021₹ 47,855₹ 3,220₹ 44,635₹ 2,77,345
6Sep-2021₹ 47,855₹ 2,773₹ 45,082₹ 2,32,263
7Oct-2021₹ 47,855₹ 2,323₹ 45,532₹ 1,86,731
8Nov-2021₹ 47,855₹ 1,867₹ 45,988₹ 1,40,743
9Dec-2021₹ 47,855₹ 1,407₹ 46,448₹ 94,295
10Jan-2022₹ 47,855₹ 943₹ 46,912₹ 47,383
11Feb-2022₹ 47,855₹ 474₹ 47,3810
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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