Mahindra 605 MAT 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 Mahindra 605 MAT Click Here
Ex-showroom Price of Mahindra 605 MAT : ₹ 3,15,000
Loan Amount : ₹ 2,67,750
Down Payment : ₹ 47,250

Document Charges : NA
Processing Fee : ₹ 2,678
MonthsEMIChart
12₹ 23,554View Chart
24₹ 12,479View Chart
36₹ 8,805View Chart
48₹ 6,981View Chart
60₹ 5,897View Chart
72₹ 5,183View Chart
84₹ 4,680View Chart
Total Interest Amount is ₹ 14,895 for the loan amount of ₹ 2,67,750
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Apr-2024₹ 23,554₹ 2,442₹ 21,112₹ 2,23,084
2May-2024₹ 23,554₹ 2,231₹ 21,323₹ 2,01,761
3Jun-2024₹ 23,554₹ 2,018₹ 21,536₹ 1,80,225
4Jul-2024₹ 23,554₹ 1,802₹ 21,752₹ 1,58,473
5Aug-2024₹ 23,554₹ 1,585₹ 21,969₹ 1,36,504
6Sep-2024₹ 23,554₹ 1,365₹ 22,189₹ 1,14,315
7Oct-2024₹ 23,554₹ 1,143₹ 22,411₹ 91,904
8Nov-2024₹ 23,554₹ 919₹ 22,635₹ 69,269
9Dec-2024₹ 23,554₹ 693₹ 22,861₹ 46,408
10Jan-2025₹ 23,554₹ 464₹ 23,090₹ 23,318
11Feb-2025₹ 23,554₹ 233₹ 23,3210
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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